Raleigh Hills Commercial Property
For Sale
$400,000
4575 SW DOGWOOD, Portland, OR 97225
Prime commercial property in Raleigh Hills with OC zoning.
Property Size2,584 SF
Price / SF$154.80
Days on Market508
Property Features for 4575 SW DOGWOOD
General Information
Standard status
Active
Size
2,584 SF
Site & Location
Neighborhood
Forest Park
Taxes and HOA fees
Annual Taxes
$2,613
Building Details
Year Built
1948
Listing Agency:
KELLER WILLIAMS SUNSET CORRIDOR
Listed By:
MATTHEW SPEIGHT
Source:
Corcoran
Added: Jun 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,449
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,980
$669.0K
Cap Rate 7%
$477,843
$477.8K
Cap Rate 9%
$371,656
$371.7K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$58.9K $22.80/SF
− Vacancy
−$14.3K −$5.54/SF
EGI
$44.6K $17.26/SF
− OpEx
−$11.1K −$4.31/SF
NOI
$33.4K $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%
$668,980
Cap Rate 7%
$477,843
Cap Rate 9%
$371,656
Alternative Uses
Best Use
Office B
$477.8K
$418.1K – $557.5K
NOI $33,449 @ 7.0% cap · market cap 8.36%
Second Best
Retail
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$725.7K
$635.0K – $846.6K
NOI $50,796 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97225, OR
26,247
Population
12,219
Households
2.1
Avg Household Size
41
Median Age
62%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,917
Density / Sq Mi
$111,341
Median Household Income
$60,933
Median Earnings
$1,703
Median Rent
$709,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Similar Off Market Nearby
- M28 Global — 13705 NW Pettygrove St, Portland, OR 97229, United States
Frequently Asked Questions
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.
