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Raleigh Hills Commercial Property Opportunity

4575 SW DOGWOOD, Portland, OR 97225

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For Sale

$400,000

Prime commercial property in Raleigh Hills with OC zoning.

Property size:

2,584 SF

Price / SF:

$154/SF

HighLights

Prime commercial property in the heart of Raleigh Hills.
Re‑zoned as OC (Office Commercial), offering diverse business opportunities.
Enjoy the generous 1,414 sq ft main floor featuring custom wood floors, built‑ins, fireplace, full kitchen, two bedrooms, and one bathroom.
Expansive 1,170 sq ft unfinished basement with fireplace, ready for customization.
.18‑acre lot with detached garage and multiple parking spaces.
Offered AS‑IS, allowing for complete customization and renovation.

We can help!

Listing Contact

MATTHEW SPEIGHT

For Sale

$400,000

Prime commercial property in Raleigh Hills with OC zoning.

Property size:

2,584 SF

Price / SF:

$154/SF

Added:: Jun 10, 2025
Days on Market:: 370
Last Refresh:: Mar 16 at 9:09 am

Property Features for 4575 SW DOGWOOD

General Information

Standard status: Active
Size: 2,584 SF

Building Details

Year Built: 1948

We can help!

Listing Contact

MATTHEW SPEIGHT

Listing agent MATTHEW SPEIGHT

Listing office KELLER WILLIAMS SUNSET CORRIDOR

Listing date Jun 10, 2025

Source Corcoran

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 KELLER WILLIAMS SUNSET CORRIDOR

HighLights

Prime commercial property in the heart of Raleigh Hills.
Re‑zoned as OC (Office Commercial), offering diverse business opportunities.
Enjoy the generous 1,414 sq ft main floor featuring custom wood floors, built‑ins, fireplace, full kitchen, two bedrooms, and one bathroom.
Expansive 1,170 sq ft unfinished basement with fireplace, ready for customization.
.18‑acre lot with detached garage and multiple parking spaces.
Offered AS‑IS, allowing for complete customization and renovation.

Overview

This commercial property, originally built as a residential home in 1948, is situated in Raleigh Hills and has been re-zoned as OC (Office Commercial). The property features 1,414 sq ft on the main floor and an expansive 1,170 sq ft unfinished basement. The main level includes custom wood floors, built-ins, a fireplace, a full kitchen, two bedrooms, and one bathroom. The spacious basement features an additional fireplace. Set on a 0.18-acre lot, the property includes a detached garage with multiple parking spaces and additional street parking. The property is being offered in AS-IS condition. The property is suitable for offices, boutique shops, or service businesses. The basement is suited for a large workspace, conference area, or storage. This is the first time this property is available as a commercial opportunity.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.9k	$22.80
− Vacancy	−$14.3k	−$5.54
EGI	$44.6k	$17.26
− OpEx	−$11.1k	−$4.31
NOI	$33.4k	$12.94

2,584 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$477.8K

$418.1K – $557.5K (±1% cap)

NOI $33,449 @ 7.0% cap · market cap 8.36%

Second Best

Retail

$430.2K

$376.5K – $502.0K (±1% cap)

NOI $30,117 @ 7.0% cap · market cap 7.53%

Theoretical Best

Office A

$725.7K

$635.0K – $846.6K (±1% cap)

NOI $50,796 @ 7.0% cap · market cap 12.70%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office Spaces

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.809
Latitude: 45.5272

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For sale
Office Spaces
OR
Portland
97225
4575 SW DOGWOOD

What type of property is this?

Office space - Prime commercial property in Raleigh Hills with OC zoning.

Where is this office space located?

The property is located at 4575 SW DOGWOOD Portland, OR.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Prime commercial property in the heart of Raleigh Hills.; Re‑zoned as OC (Office Commercial), offering diverse business opportunities.; Enjoy the generous 1,414 sq ft main floor featuring custom wood floors, built‑ins, fireplace, full kitchen, two bedrooms, and one bathroom.