Multi-Tenant Retail
456 N State St Lake Oswego, OR 97034
456 N State St, Lake Oswego, OR, 97034
Contact for pricing
For Sale
Contact for pricing
Retail building occupied 100% by The Gemini, offered for sale as a fully leased investment.
Property Size7,500 SF
Price / SF$393.33
Days on Market114
Property Features for 456 N State St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1927
Listing agency
Commercial Integrity NW
(503) 218-4380
Listed by
Brad Macomber · License #OR#200908061
Source
Crexi
Added: Apr 1 Updated: Jul 23 at 12:45AM Checked: Jul 23 at 12:45AM
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 Commercial Integrity NW
Investment Insights
Based on property information with market context.
The Gemini occupies 100% of the building, creating a fully leased retail asset for sale. The property is a storefront-style retail building within the provided commercial real estate portfolio.
The offering is located at 456 N State St in Lake Oswego, Oregon. Address-level details are provided as part of the public remarks for identification and access.
With the building fully occupied by a single user, the configuration is straightforward for buyers seeking an all-in one property with consistent occupancy at the time of listing.
The offering is located at 456 N State St in Lake Oswego, Oregon. Address-level details are provided as part of the public remarks for identification and access.
With the building fully occupied by a single user, the configuration is straightforward for buyers seeking an all-in one property with consistent occupancy at the time of listing.
Key Highlights
- Retail building built in 1927
- Fully leased investment: The Gemini occupies 100% of the building
Local Financial Insights For Retail
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 | $161.1k | $21.48 |
| − Vacancy | −$12.1k | −$1.61 |
| EGI | $149.0k | $19.87 |
| − OpEx | −$44.7k | −$5.96 |
| NOI | $104.3k | $13.91 |
7,500 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,312 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,710 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- R Bloom's Of Lake Oswego — 267 A Ave, Lake Oswego, OR 97034
- Lake O. Floral — 397 N State St, Lake Oswego, OR 97034
- Buddies Flowers — 457 2nd St, Lake Oswego, OR 97034
FAQs
What type of property is this?
Storefront property - Retail building occupied 100% by The Gemini, offered for sale as a fully leased investment.
Where is this storefront property located?
The property is located at 456 N State St Lake Oswego, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Retail building built in 1927; Fully leased investment: The Gemini occupies 100% of the building
