Renovated Office Building with
4407 SW Corbett Ave Portland, OR 97239
New
4407 SW Corbett Ave, Portland, OR, 97239
$790,000
For Sale
$790,000
Renovated office building with backyard patio, board room, and storage plus kitchen area.
Property Size2,728 SF
Price / SF$289.59
Days on Market7
Property Features for 4407 SW Corbett Ave
General Information
- Standard status
- Active
- Size
- 2,728 SF
- Property subtype
- office
Listing agency
Portland
(503) 937-2131
Listed by
Candace Lounsbury · License #134983
(503) 937-2131
Source
Property.jll
Added: Jul 16 Updated: Jul 20 at 5:45PM Checked: Jul 22 at 2:17AM
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 Portland
Investment Insights
Based on property information with market context.
This renovated office building offers a mix of board room and offices, along with storage and kitchen space. The property also features a backyard garden area with patio.
Access is provided to I-5 and Barbur Blvd.
The current configuration supports multiple office workspaces, and existing tenants are in place; the property can be delivered vacant if desired.
Access is provided to I-5 and Barbur Blvd.
The current configuration supports multiple office workspaces, and existing tenants are in place; the property can be delivered vacant if desired.
Key Highlights
- Renovated office at 4407 SW Corbett Ave with historic charm
- Includes a board room plus multiple office areas
- Backyard garden space with patio
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $22.80 |
| − Vacancy | −$15.1k | −$5.54 |
| EGI | $47.1k | $17.26 |
| − OpEx | −$11.8k | −$4.31 |
| NOI | $35.3k | $12.94 |
2,728 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$504.5K
$441.4K – $588.6K
NOI $35,313 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.1K
$670.3K – $893.8K
NOI $53,626 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mandate Media
Marketing & Advertising
Cellar 503
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Renovated office building with backyard patio, board room, and storage plus kitchen area.
Where is this office building located?
The property is located at 4407 SW Corbett Ave Portland, OR.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Renovated office at 4407 SW Corbett Ave with historic charm; Includes a board room plus multiple office areas; Backyard garden space with patio
