Historic Multi-Tenant Storefront
For Sale
$1,999,990
4047 NE BROADWAY ST, Portland, OR 97232
Established commercial building with multiple tenants in Portland’s Sandy Hollywood area.
Property Size4,838 SF
Days on Market100
Property Features for 4047 NE BROADWAY ST
General Information
Standard status
Active
Size
4,838 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,616
Building Details
Building Size
4,838 SF
Year Built
1927
Listing Agency:
MORE Realty
Listed By:
Peter Nguyen
(503) 341-6937
Source:
Eleeterealestate
Added: Jul 8
Changed: Oct 14
Last Checked: Oct 15 at 8:03AM
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 MORE Realty
Investment Insights
Based on property information with market context.
This storefront property contains 4,838 square feet of commercial space and was constructed in 1927. The building is occupied by multiple tenants, providing an existing tenant configuration for review by prospective purchasers.
The property is located at 4047 NE Broadway ST in Portland, Oregon 97232, within the Sandy Hollywood area. Tenant access is requested to be coordinated through the agent, with showings scheduled after work hours.
The property is located at 4047 NE Broadway ST in Portland, Oregon 97232, within the Sandy Hollywood area. Tenant access is requested to be coordinated through the agent, with showings scheduled after work hours.
Key Highlights
- 4,838‑square‑foot storefront property
- Constructed in 1927
- Occupied by multiple tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,387
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,740
$1.1M
Cap Rate 7%
$805,529
$805.5K
Cap Rate 9%
$626,522
$626.5K
Market Conditions
NOI Build-Up for 4,838 SF
Gross rent
$87.1K $18.00/SF
− Vacancy
−$6.5K −$1.35/SF
EGI
$80.6K $16.65/SF
− OpEx
−$24.2K −$5.00/SF
NOI
$56.4K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,740
Cap Rate 7%
$805,529
Cap Rate 9%
$626,522
Alternative Uses
Best Use
Retail
$805.5K
$704.8K – $939.8K
NOI $56,387 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,104 @ 7.0% cap · market cap 4.76%
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
Location Intelligence
Trade Area within ½ mile
3,321
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Storefront property - Established commercial building with multiple tenants in Portland’s Sandy Hollywood area.
Where is this storefront property located?
The property is located at 4047 NE BROADWAY ST Portland, OR.
What is the asking price?
The asking price for this property is $1,999,990.
What are key features of this property?
This property features: 4,838‑square‑foot storefront property; Constructed in 1927; Occupied by multiple tenants
