Office Building with
For Sale
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3549 N Lombard St, Portland, OR 97217
CM1-zoned office property with private offices, restrooms, and dedicated parking.
Property Size2,158 SF
Price / SF$187.67
Days on Market82
Property Features for 3549 N Lombard St
General Information
Standard status
Active
Size
2,158 SF
Total Parking Spaces
6
Property subtype
Office
Zoning
CM1
Investment Type
Owner/User
Site & Location
Neighborhood
Kenton
Building Details
Year Built
1906
Buildings
1
Tenancy
Single
Building Size
2,158 SF
Listing Agency:
Macadam Forbes
Listed By:
Rhys Konrad · License #OR 201205396
(503) 972-7293
Source:
Crexi
Added: Aug 12
Changed: Oct 25
Last Checked: Nov 1 at 6:17AM
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
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Investment Insights
Based on property information with market context.
This 2,158 SF office building was constructed in 1906 and offers a practical configuration for professional service operations. Interior features include multiple private offices in varying sizes, two restrooms, and six off-street parking stalls. CM1 zoning supports the property’s office-oriented commercial character.
The property is located at 3549 N Lombard St in Portland’s North Lombard commercial corridor. Nearby businesses include professional services, retail, and dining, placing the building within an established mix of commercial activity. The address provides a recognizable setting for an owner-user office or an organization seeking a dedicated professional workspace.
The property is located at 3549 N Lombard St in Portland’s North Lombard commercial corridor. Nearby businesses include professional services, retail, and dining, placing the building within an established mix of commercial activity. The address provides a recognizable setting for an owner-user office or an organization seeking a dedicated professional workspace.
Key Highlights
- 2,158 SF office building constructed in 1906
- CM1 zoning
- Six off‑street parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,935
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,700
$558.7K
Cap Rate 7%
$399,071
$399.1K
Cap Rate 9%
$310,389
$310.4K
Market Conditions
NOI Build-Up for 2,158 SF
Gross rent
$49.2K $22.80/SF
− Vacancy
−$12.0K −$5.54/SF
EGI
$37.2K $17.26/SF
− OpEx
−$9.3K −$4.31/SF
NOI
$27.9K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,700
Cap Rate 7%
$399,071
Cap Rate 9%
$310,389
Alternative Uses
Best Use
Office B
$399.1K
$349.2K – $465.6K
NOI $27,935 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.0K
$530.3K – $707.0K
NOI $42,421 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - CM1-zoned office property with private offices, restrooms, and dedicated parking.
Where is this office building located?
The property is located at 3549 N Lombard St Portland, OR.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2,158 SF office building constructed in 1906; CM1 zoning; Six off‑street parking stalls
