New Office Building For
For Sale
Contact for pricing
3620 SE Powell Blvd, Portland, OR 97202
Office space in new building with high visibility and traffic.
Property Size10,800 SF
Price / SF$0.00
Days on Market388
Property Features for 3620 SE Powell Blvd
General Information
Standard status
Active
Size
10,800 SF
Class
B
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
10,800 SF
Year Built
2017
Properties For Sale
at 3620 SE Powell Blvd
Suite 100
Size
1,975 SF
Term
Negotiable
Listing Agency:
Norris & Stevens, Inc. - Corporate
Listed By:
Doug Carter
(503) 225-8499
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 11
Last Checked: Oct 16 at 7:19AM
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 Norris & Stevens, Inc. - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space is available for purchase in a new building situated close to SE 39th/Cesar Chavez Blvd. The property benefits from high visibility and a high-traffic location. The building is elevator-served and under local ownership. The property size is 10800 square feet.
Key Highlights
- High Traffic Location
- Great Visibility
- New Building - Benefit from modern construction and design.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,824
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,996,480
$3.0M
Cap Rate 7%
$2,140,343
$2.1M
Cap Rate 9%
$1,664,711
$1.7M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$272.2K $25.20/SF
− Vacancy
−$72.4K −$6.70/SF
EGI
$199.8K $18.50/SF
− OpEx
−$49.9K −$4.62/SF
NOI
$149.8K $13.87/SF
Area
ZIP 97202
Vacancy
26.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,996,480
Cap Rate 7%
$2,140,343
Cap Rate 9%
$1,664,711
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,824 @ 7.0% cap · market cap 624,266.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,360 @ 7.0% cap · market cap 751,500.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office units - Office space in new building with high visibility and traffic.
Where is this office units located?
The property is located at 3620 SE Powell Blvd Portland, OR.
What are key features of this property?
This property features: High Traffic Location; Great Visibility; New Building - Benefit from modern construction and design.
