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    Remodeled Commercial Property Near I-5 Title is generated by Realmo AI

    4726 SE MILWAUKIE, Portland, OR 97202

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    For Sale
    $995,000

    Remodeled commercial property with flexible layout and prime location.

    Type:Commercial
    Property size:
    3,670 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $271/SF
    Added:
    Sep 23, 2025
    Days on Market:
    256
    Last Refresh:
    Apr 5 at 9:03 pm

    Property Features for 4726 SE MILWAUKIE

    General Information

    Standard status
    Active
    Size
    3,670 SF
    Lot size
    0.31 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1961

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    Listing Contact
    EVAN NELSON
    EVAN NELSON

    Listing agent EVAN NELSON License #201206804

    Listing office EXP REALTY, LLC

    Listing date Sep 23, 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 EXP REALTY, LLC

    HighLights

    • Prime location in inner SE Portland, near major transportation routes.
    • Meticulously remodeled with a new 50‑year roof, high‑end windows, siding, and LED lighting installed in the last 24 months.
    • Functional warehouse space featuring 14’ ceilings and a 10’x10’ automated roll‑up door.
    • Ample parking and storage space on nearly one‑third of an acre, with potential for expansion.
    • Versatile layout with main level office space and kitchenette, plus additional lower‑level storage/office space.
    • New AC unit, main water line, and permitted rear deck.

    Overview

    This remodeled commercial property is located in inner SE Portland, near I-5, 99E, and Powell. Over the past 24 months, nearly every surface has been upgraded. Exterior improvements include a 50-year Presidential roof on the main building, a 50-year membrane roof on the warehouse, high-end double-pane windows, fiber cement siding with TG cedar accents, soffits, gutters, LED lighting, and updated doors, including a warehouse roll-up. Additional enhancements include a permitted rear deck, a new main water line, and a new AC unit. The main level features engineered hardwood floors, new doors and trim, LED lighting, high-end plumbing fixtures, a kitchenette with custom cabinetry, sink, mini fridge, shelving, and a half bath. The warehouse has 14’ ceilings and a 10’x10’ automated roll-up door, with space for shelving or build-out. A lower level, accessible via interior stairs or an exterior security door, provides storage and additional office space with a partition wall. Situated on nearly one-third of an acre, the property offers ample parking, equipment storage, and trailer space, with potential to expand usable square footage. Its location in a thriving commercial-residential corridor near Sellwood-Moreland and Brooklyn provides access to restaurants, cafés, shops, services, public transit, and green spaces. The property size is 3670 square feet. The buyer must sign an agreement prohibiting another flooring company from operating on-site for 36 months. With recent upgrades, a flexible layout, and a prime location, this property is an attractive option for a wide variety of business uses.

    Local Financial Insights For Retail

    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 $79.3k $21.60
    − Vacancy −$5.9k −$1.62
    EGI $73.3k $19.98
    − OpEx −$22.0k −$5.99
    NOI $51.3k $13.99
    3,670 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $733.3K
    $641.6K – $855.5K (±1% cap)
    NOI $51,329 @ 7.0% cap · market cap 5.16%
    Second Best
    Office B
    $727.3K
    $636.4K – $848.5K (±1% cap)
    NOI $50,912 @ 7.0% cap · market cap 5.12%
    Theoretical Best
    Office A
    $875.6K
    $766.1K – $1.02M (±1% cap)
    NOI $61,289 @ 7.0% cap · market cap 6.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    ECOFloors Carpet & Flooring Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • ABI Culinary Kreations 4212 SE 15th Ave, Portland, OR 97202

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.65
    Latitude
    45.4886

    FAQs

    What type of property is this?
    Flex space - Remodeled commercial property with flexible layout and prime location.
    Where is this flex space located?
    The property is located at 4726 SE MILWAUKIE Portland, OR.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Prime location in inner SE Portland, near major transportation routes.; Meticulously remodeled with a new 50‑year roof, high‑end windows, siding, and LED lighting installed in the last 24 months.; Functional warehouse space featuring 14’ ceilings and a 10’x10’ automated roll‑up door.
    More about this property
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