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Southeast Portland Office Building

3536 SE 26th Avenue, Portland, OR 97202

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For Sale

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Renovated office building near Powell Park with easy access.

Type:Office

Property size:

9,490 SF

Price / SF:

$273/SF

HighLights

Prime Southeast Portland location, one block from Powell Boulevard and across from Powell Park.
Easy access to downtown Portland and Interstate 5.
Unique building offering a blend of historical character (built in 1926) and modern renovations.
Versatile space with three levels suitable for office, meeting space, and storage.
Building and land play opportunity.
Extensive renovations throughout its lifespan.

We can help!

Listing Contact

Joe Kappler

For Sale

Contact for pricing

Renovated office building near Powell Park with easy access.

Type:Office

Property size:

9,490 SF

Price / SF:

$273/SF

Added:: Apr 3, 2024
Days on Market:: 801
Last Refresh:: May 12 at 8:47 pm

Property Features for 3536 SE 26th Avenue

General Information

Standard status: Active
Size: 9,490 SF
Property subtype: Office

Building Details

Year Built: 1926

We can help!

Listing Contact

Joe Kappler

Listing agent Joe Kappler License #OR 200605069

Listing office Macadam Forbes

Listing date Apr 3, 2024

Source Crexi

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

HighLights

Prime Southeast Portland location, one block from Powell Boulevard and across from Powell Park.
Easy access to downtown Portland and Interstate 5.
Unique building offering a blend of historical character (built in 1926) and modern renovations.
Versatile space with three levels suitable for office, meeting space, and storage.
Building and land play opportunity.
Extensive renovations throughout its lifespan.

Overview

This property in Southeast Portland, originally constructed in 1926, features extensive renovations. The building provides three levels of office space, meeting areas, and storage. It is situated one block from Southeast Powell Boulevard and directly across from Powell Park, offering convenient access to downtown Portland and Interstate 5. The property size is 9490 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$239.1k	$25.20
− Vacancy	−$63.6k	−$6.70
EGI	$175.5k	$18.50
− OpEx	−$43.9k	−$4.62
NOI	$131.7k	$13.87

9,490 SF · lease $25.20/SF/yr · vacancy 26.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.88M

$1.65M – $2.19M (±1% cap)

NOI $131,651 @ 7.0% cap · market cap 5.06%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,483 @ 7.0% cap · market cap 6.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

SEIU Local 49 Advocacy Group SEIU UHW West ... Advocacy Group

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.6390476
Latitude: 45.4972959

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For sale
Office buildings
OR
Portland
97202
3536 SE 26th Avenue

What type of property is this?

Office building - Renovated office building near Powell Park with easy access.

Where is this office building located?

The property is located at 3536 SE 26th Avenue Portland, OR.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Prime Southeast Portland location, one block from Powell Boulevard and across from Powell Park.; Easy access to downtown Portland and Interstate 5.; Unique building offering a blend of historical character (built in 1926) and modern renovations.