Two-Story Office Building For
3395 SW Garden View Ave Portland, OR 97225
For Sale
Contact for pricing
Versatile office building in Washington County, near major highways.
Property Size10,780 SF
Lot Size0.80 Acres
Price / SF$231.91
Days on Market627
Property Features for 3395 SW Garden View Ave
General Information
- Standard status
- Active
- Size
- 10,780 SF
- Lot size
- 0.80 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing Agency:
Macadam Forbes
(503) 972-7294
Listed By:
Joe Kappler · License #OR 200605069
Source:
Crexi
Added: Nov 7, 2024
Changed: Jul 6
Last Checked: Jul 26 at 4:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
Investment Insights
Based on property information with market context.
This is a 10,780 square foot two-story office building situated on a 34,833 square foot lot. The property is located just off Canyon Road in unincorporated Washington County. The main floor office space comprises 5,572 square feet and includes multiple private offices, conference rooms, a small break area, and a large reception area. The lower floor, measuring 5,208 square feet, is primarily storage space with a small 357 square foot office. The building is fully sprinkled and features several windows. It is serviced by four HVAC units and includes a backup generator. Zoned CBD (Community Business District), the property allows for a variety of uses, including offices, medical facilities, and other service-based businesses. The location provides convenient access to transportation, being less than 1 mile from Highway 217 and just under 2 miles from Highway 26.
Key Highlights
- Versatile 10,780 SF two‑story office building on 34,833 SF of land.
- Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.
- Zoned CBD (Community Business District) allowing for a variety of uses.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $245.8k | $22.80 |
| − Vacancy | −$59.7k | −$5.54 |
| EGI | $186.1k | $17.26 |
| − OpEx | −$46.5k | −$4.31 |
| NOI | $139.5k | $12.94 |
10,780 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.33M
NOI $139,544 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $211,910 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CS Planning Corp.
Financial Advisor
The H Group, Inc.
Financial Advisor
FocusPoint Solutions, Inc
Business Management Consultant
Maxwell Scott L
Financial Advisor
Hanslits Laurence T
Financial Advisor
FAQs
What type of property is this?
Office building - Versatile office building in Washington County, near major highways.
Where is this office building located?
The property is located at 3395 SW Garden View Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Versatile 10,780 SF two‑story office building on 34,833 SF of land.; Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.; Zoned CBD (Community Business District) allowing for a variety of uses.
