Industrial Property with Office
For Sale
Contact for pricing
4720 SE 26th Ave, Portland, OR
Industrial property featuring office space, multiple grade-level doors, and accessory building.
Property Size15,904 SF
Lot Size0.53 Acres
Price / SF$182.34
Days on Market359
Property Features for 4720 SE 26th Ave
General Information
Standard status
Active
Size
15,904 SF
Lot size
0.53 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Macadam Forbes
(503) 972-7281
Listed By:
Rod Brokenshire · License ##860500161
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:05AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This industrial property includes 1,440 square feet of office space spread across two levels. The warehouse area features seven oversized grade-level doors and one dock-high door. The building provides a clear height of 20 feet and is equipped with 240-volt, 3-phase power. Additionally, there is a 1,024-square-foot grade-level accessory building. The total property size is 15,904 square feet.
Key Highlights
- Seven oversized grade‑level doors and one dock‑high door for easy access and logistics.
- 1,440 SF office space on two levels.
- 1,024 SF grade‑level accessory building provides additional storage or workspace.
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
$121,211
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
4.18%
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%
$2,424,220
$2.4M
Cap Rate 7%
$1,731,586
$1.7M
Cap Rate 9%
$1,346,789
$1.3M
Market Conditions
NOI Build-Up for 15,904 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
$152.7K $9.60/SF
− Vacancy
−$10.1K −$0.63/SF
EGI
$142.6K $8.97/SF
− OpEx
−$21.4K −$1.34/SF
NOI
$121.2K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$2,424,220
Cap Rate 7%
$1,731,586
Cap Rate 9%
$1,346,789
Alternative Uses
Best Use
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,211 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$1.43M
$1.25M – $1.66M
NOI $99,821 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$4.47M
$3.91M – $5.21M
NOI $312,637 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Parcel Logistics — 3519 NE 15th Ave, Portland, OR 97212
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property featuring office space, multiple grade-level doors, and accessory building.
Where is this warehouse located?
The property is located at 4720 SE 26th Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Seven oversized grade‑level doors and one dock‑high door for easy access and logistics.; 1,440 SF office space on two levels.; 1,024 SF grade‑level accessory building provides additional storage or workspace.
