Elevator-Served Office
4504 S Corbett Ave, Portland, OR 97239
For Sale
New
$2,250,000
The property has CM2 zoning and a covered parking area.
Property Size9,785 SF
Price / SF$229.94
Days on Market3
Property Features for 4504 S Corbett Ave
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Amenities
Covered parking lot
Flexible building layout
River views
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Macadam Forbes
Listed By:
Charles Haselwood · License OR #201257773
(503) 515-6959
Source:
Macadamforbes
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 6:22AM
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 Macadam Forbes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building contains 9,785 square feet and is served by an elevator. Originally completed in 1954, it underwent renovation in 1985. The property includes covered parking and carries CM2 zoning.
At 4504 S Corbett Ave in Portland, the building offers views of the river and access to I-5, I-405, and I-84.
At 4504 S Corbett Ave in Portland, the building offers views of the river and access to I-5, I-405, and I-84.
Key Highlights
- 9,785‑square‑foot, two‑story office building
- Elevator service and covered parking
- Built in 1954 and renovated in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,664
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,280
$2.5M
Cap Rate 7%
$1,809,486
$1.8M
Cap Rate 9%
$1,407,378
$1.4M
Market Conditions
NOI Build-Up for 9,785 SF
Gross rent
$223.1K $22.80/SF
− Vacancy
−$54.2K −$5.54/SF
EGI
$168.9K $17.26/SF
− OpEx
−$42.2K −$4.31/SF
NOI
$126.7K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,280
Cap Rate 7%
$1,809,486
Cap Rate 9%
$1,407,378
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,664 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,351 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,739
Businesses Nearby
Explore this area
Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Portland, OR
Properties on Market for Office buildings in Portland
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - The property has CM2 zoning and a covered parking area.
Where is this office building located?
The property is located at 4504 S Corbett Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9,785‑square‑foot, two‑story office building; Elevator service and covered parking; Built in 1954 and renovated in 1985
