CG-Zoned Mixed-Use
For Sale
$649,900
4121 SE 60TH Ave, Portland, OR 97206
CommercialSale, Portland, OR
Property Size2,625 SF
Lot Size0.07 Acres
Price / SF$247.58
Days on Market70
Property Features for 4121 SE 60TH Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Directions
Foster Rd & 60th
Subdivision
_143
Standard status
Active
APN
R224541
Size
2,625 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
MYRTLE, BLOCK 4, N 35' OF LOT 12&13
Tax Annual Amount
4755
Legal Description
MYRTLE, BLOCK 4, N 35' OF LOT 12&13
Utilities
Heating system
Forced Air
Building Details
Year built
1984
Building materials
Block
Roof type
Flat
Listing Agency:
Tim Shannon Realty, Inc.
(503) 309-4106
Listed By:
Tim Shannon · License #890800048
(503) 309-4106
Added: Jun 18
Changed: Jun 23
Last Checked: Aug 26 at 4:06AM
MLS# 758233692
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,625 square feet on a 0.07-acre parcel at 4121 SE 60TH Ave in Portland, Oregon. The building was constructed in 1984 with block exterior construction, forced-air heating, and a flat roof.
The property is zoned CG and is located in Multnomah County within the 97206 postal area. Its compact site and established building provide a defined commercial property footprint for evaluation.
The property is zoned CG and is located in Multnomah County within the 97206 postal area. Its compact site and established building provide a defined commercial property footprint for evaluation.
Key Highlights
- 2,625‑square‑foot mixed‑use property
- 0.07‑acre parcel at 4121 SE 60TH Ave, Portland, OR 97206
- CG zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,438
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
—
—
no second resolved use
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.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Block construction, forced-air heating, and a flat roof define the existing improvements.
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‑foot mixed‑use property; 0.07‑acre parcel at 4121 SE 60TH Ave, Portland, OR 97206; CG zoning
