Building Details

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Listing Agency: HSM Pacific Retail Solutions

Listed By: Doug Magnusen · License #OR Show Phone

Source: Crexi

Added: Apr 20 Changed: Oct 8 Last Checked: Oct 16 at 9:34AM

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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 HSM Pacific Retail Solutions

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Investment Insights

Based on property information with market context.

This 19,524-square-foot shopping center is configured for neighborhood-oriented retail and service uses. The property is identified as a retail center serving everyday goods and services.

The center occupies the intersection of SE Powell Boulevard and Caesar Chavez Boulevard in Portland, Oregon, with the address 3828 SE Powell Blvd, Portland, OR 97202.

Key Highlights

• 19,524‑square‑foot shopping center
• Neighborhood‑oriented goods and services retail format
• At the intersection of SE Powell Boulevard and Caesar Chavez Boulevard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$273,063

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,461,260 $5.5M

Cap Rate 7%

$3,900,900 $3.9M

Cap Rate 9%

$3,034,033 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,524 SF

Gross rent

$421.7K $21.60/SF

− Vacancy

−$31.6K −$1.62/SF

EGI

$390.1K $19.98/SF

− OpEx

−$117.0K −$5.99/SF

NOI

$273.1K $13.99/SF

Area

ZIP 97202

Vacancy

7.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,461,260

Cap Rate 7%

$3,900,900

Cap Rate 9%

$3,034,033

Alternative Uses

Best Use

Retail

$3.90M

$3.41M – $4.55M (±1% cap)

NOI $273,063 @ 7.0% cap · market cap 4.20%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.66M

$4.08M – $5.43M (±1% cap)

NOI $326,050 @ 7.0% cap · market cap 5.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

fi.d.o (Bike/Boat/Book/etc) Store Unleashed Vaccination Clinic Veterinary Clinic Unleashed by Petco (Bike/Boat/Book/etc) Store Just Food For Dogs (Bike/Boat/Book/etc) Store Petco Dog Training Animal Training

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

859

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

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Similar Off Market Nearby

• Coinstar Kiosk | Bitcoin ATM — 3930 SE Powell Blvd Safeway, Portland, OR 97202
• Powell Square — 3818 SE Powell Blvd, Portland, OR 97202
• Coin Cloud Bitcoin ATM — 2929 se powell blvd, portland, or 97202

Frequently Asked Questions

What type of property is this?

Shopping center - Established retail center positioned where SE Powell Boulevard meets Caesar Chavez Boulevard.

Where is this shopping center located?

The property is located at 3828 SE Powell Blvd Portland, OR.

What is the asking price?

The asking price for this property is $6,499,000.

What are key features of this property?

This property features: 19,524‑square‑foot shopping center; Neighborhood‑oriented goods and services retail format; At the intersection of SE Powell Boulevard and Caesar Chavez Boulevard