Free-Standing Building on High-Visibility
For Sale
Contact for pricing
Pending
4616 SE 82nd Ave, Portland, OR 97266
Free-standing building with prominent visibility and parking.
Property Size7,868 SF
Days on Market165
Property Features for 4616 SE 82nd Ave
General Information
Standard status
Pending
Size
7,868 SF
Property subtype
Retail
Zoning
CE
Building Details
Units
1
Listing Agency:
Kin Properties Inc
(561) 620-9200
Listed By:
Jeff Ross · License #FL
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 10 at 10:50AM
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 Kin Properties Inc
Investment Insights
Based on property information with market context.
This free-standing building was formerly a Credit Yes auto dealership. The property features prominent visibility and a large pylon sign. The parking lot is in great condition. The building has a roof warranty until 2032. The property size is 7,868 square feet.
Key Highlights
- Free‑standing building with prominent visibility.
- Parking lot in great condition.
- Roof Warranty until 2032.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,702
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,834,040
$1.8M
Cap Rate 7%
$1,310,029
$1.3M
Cap Rate 9%
$1,018,911
$1.0M
Market Conditions
NOI Build-Up for 7,868 SF
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.
Gross rent
$141.6K $18.00/SF
− Vacancy
−$10.6K −$1.35/SF
EGI
$131.0K $16.65/SF
− OpEx
−$39.3K −$5.00/SF
NOI
$91.7K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,834,040
Cap Rate 7%
$1,310,029
Cap Rate 9%
$1,018,911
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,702 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$705.5K
$617.3K – $823.1K
NOI $49,383 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,667 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Abra Auto Body & Glass — portland, or 97266
- Portland Motor Works Inc — 9032 SE Woodstock Blvd, Portland, OR 97266
- McCollum Automotive — 6013 SE 82nd Ave, Portland, OR 97266
- Caliber Collision — 8230 SE Woodstock Blvd, Portland, OR 97266
- J Auto Repair — 6135 B SE 82nd Ave, Portland, OR 97266
Frequently Asked Questions
What type of property is this?
Auto shop - Free-standing building with prominent visibility and parking.
Where is this auto shop located?
The property is located at 4616 SE 82nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Free‑standing building with prominent visibility.; Parking lot in great condition.; Roof Warranty until 2032.
