Medical Clinic with 6 Exam
For Sale
Contact for pricing
35 NW 20th Pl, Portland, OR 97209
Fully set-up clinic includes six exam rooms, two restrooms, and a waiting area with gated 10-space parking.
Property Size5,427 SF
Price / SF$175.05
Days on Market638
Property Features for 35 NW 20th Pl
General Information
Standard status
Active
Size
5,427 SF
Property subtype
OFFICE
Listing Agency:
Debbie Thomas Real Estate
(503) 226-2141
Listed By:
Debbie Thomas
Source:
Moodyscre
Added: Oct 31, 2024
Changed: Jul 28
Last Checked: Jul 29 at 3:19PM
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 Debbie Thomas Real Estate
Investment Insights
Based on property information with market context.
This fully set-up medical clinic is built for day-to-day patient flow, featuring six exam rooms, two restrooms, and a waiting area. Interior details include bow truss ceilings and a finish package with brick walls and wood beams.
The property offers gated on-site parking for 10 spaces. Zoning is listed as CX – Central Commercial.
Updates include HVAC work completed in 2000 (5-ton gas pack) and 2007 (two 4-ton split systems), along with seismic and roof upgrades in 2000. Plumbing and electrical were also upgraded in 2000 to accommodate the kitchens and vents that were installed.
The property offers gated on-site parking for 10 spaces. Zoning is listed as CX – Central Commercial.
Updates include HVAC work completed in 2000 (5-ton gas pack) and 2007 (two 4-ton split systems), along with seismic and roof upgrades in 2000. Plumbing and electrical were also upgraded in 2000 to accommodate the kitchens and vents that were installed.
Key Highlights
- Fully set‑up medical clinic with 6 exam rooms, 2 restrooms, and a waiting area
- Gated on‑site parking with 10 spaces
- CX – Central Commercial zoning
Financial Insights For Healthcare Medical
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 | $143.3k | $26.40 |
| − Vacancy | −$11.5k | −$2.11 |
| EGI | $131.8k | $24.29 |
| − OpEx | −$52.7k | −$9.72 |
| NOI | $79.1k | $14.57 |
5,427 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.13M
$988.6K – $1.32M
NOI $79,087 @ 7.0% cap · market cap 8.32%
Second Best
Office B
$1.00M
$878.1K – $1.17M
NOI $70,251 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,682 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,513
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully set-up clinic includes six exam rooms, two restrooms, and a waiting area with gated 10-space parking.
Where is this medical office space located?
The property is located at 35 NW 20th Pl Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully set‑up medical clinic with 6 exam rooms, 2 restrooms, and a waiting area; Gated on‑site parking with 10 spaces; CX – Central Commercial zoning
