Mixed-Use
For Sale
$649,900
4121 SE 60TH AVE, Portland, OR 97206
This 1984-built property is identified as a mixed-use asset.
Property Size2,625 SF
Days on Market119
Property Features for 4121 SE 60TH AVE
General Information
Standard status
Active
Size
2,625 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,755
Building Details
Building Size
2,625 SF
Year Built
1984
Listing Agency:
Tim Shannon Realty, Inc.
Listed By:
Tim Shannon · License #890800048
(503) 309-4106
Source:
Eleeterealestate
Added: Jun 18
Changed: Oct 14
Last Checked: Oct 13 at 3:17AM
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 Tim Shannon Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,625 square feet and was constructed in 1984. The asset is located at 4121 SE 60th Ave in Portland, Oregon 97206.
Key Highlights
- 2,625 square feet of mixed‑use space
- Constructed in 1984
- Located at 4121 SE 60th Ave, Portland, OR 97206
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,438
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
$708.8K
Cap Rate 7%
$506,257
$506.3K
Cap Rate 9%
$393,756
$393.8K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$63.0K $24.00/SF
− Vacancy
−$6.3K −$2.40/SF
EGI
$56.7K $21.60/SF
− OpEx
−$21.3K −$8.10/SF
NOI
$35.4K $13.50/SF
Area
ZIP 97206
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
Cap Rate 7%
$506,257
Cap Rate 9%
$393,756
Alternative Uses
Best Use
Mixed Use
$506.3K
$443.0K – $590.6K
NOI $35,438 @ 7.0% cap · market cap 5.45%
Second Best
Flex RnD
$292.8K
$256.2K – $341.6K
NOI $20,495 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$737.2K
$645.0K – $860.0K
NOI $51,602 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Mixed-use property - This 1984-built property is identified as a mixed-use asset.
Where is this mixed-use property located?
The property is located at 4121 SE 60TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,625 square feet of mixed‑use space; Constructed in 1984; Located at 4121 SE 60th Ave, Portland, OR 97206
