Raleigh Hills Commercial Property
4575 SW DOGWOOD Portland, OR 97225
For Sale
$400,000
Prime commercial property in Raleigh Hills with OC zoning.
Property Size2,584 SF
Price / SF$154.80
Days on Market416
Property Features for 4575 SW DOGWOOD
General Information
Standard status
Active
Size
2,584 SF
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
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 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 | $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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
