Bank Building with
419 NW BROADWAY, Portland, OR 97205
For Sale
Contact for pricing
CX zoning accommodates commercial, office, retail, and mixed-use activity.
Property Size8,357 SF
Lot Size0.26 Acres
Price / SF$179.49
Days on Market60
Property Features for 419 NW BROADWAY
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Drive-Thru
Traffic Count
Additional Details
Asking Price
Building Details
Year Built
Buildings
Construction
Listing Agency:
Northmarq
Listed By:
Michael Kapnick · License OR #960500191
(503) 887-1233
Source:
Crexi
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 12 at 5:23AM
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 Northmarq
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Investment Insights
Based on property information with market context.
Built in 1967, this brick bank building has a metal roof and existing drive-through infrastructure. The 8,357-square-foot property occupies an 11,160-square-foot lot and has approximately 17 on-site parking spaces. The building is vacant, and CX (Central Commercial) zoning allows commercial, office, retail, and mixed-use uses.
At the corner of NW Broadway and NW Glisan Street, the property fronts NW Broadway, where traffic is approximately 14,318 vehicles per day. An existing parking agreement provides the owner with 50% of gross parking revenue through June 30, 2027, with two one-year extension options.
At the corner of NW Broadway and NW Glisan Street, the property fronts NW Broadway, where traffic is approximately 14,318 vehicles per day. An existing parking agreement provides the owner with 50% of gross parking revenue through June 30, 2027, with two one-year extension options.
Key Highlights
- 8,357‑square‑foot former bank building on an 11,160‑square‑foot lot
- Existing drive‑through infrastructure and approximately 17 on‑site parking spaces
- CX (Central Commercial) zoning allows commercial, office, retail, and mixed‑use uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,519
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,380
$2.3M
Cap Rate 7%
$1,607,414
$1.6M
Cap Rate 9%
$1,250,211
$1.3M
Market Conditions
NOI Build-Up for 8,357 SF
Gross rent
$160.5K $19.20/SF
− Vacancy
−$10.4K −$1.25/SF
EGI
$150.0K $17.95/SF
− OpEx
−$37.5K −$4.49/SF
NOI
$112.5K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,380
Cap Rate 7%
$1,607,414
Cap Rate 9%
$1,250,211
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,519 @ 7.0% cap · market cap 7.50%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,401 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,280 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14,318 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
12,966
Businesses Nearby
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Business Placement
Demographics for 97205, OR
8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Bank - CX zoning accommodates commercial, office, retail, and mixed-use activity.
Where is this bank located?
The property is located at 419 NW BROADWAY Portland, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,357‑square‑foot former bank building on an 11,160‑square‑foot lot; Existing drive‑through infrastructure and approximately 17 on‑site parking spaces; CX (Central Commercial) zoning allows commercial, office, retail, and mixed‑use uses
