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Remodeled Commercial Property Near I-5

4726 SE MILWAUKIE Portland, OR 97202

4726 SE MILWAUKIE, Portland, OR, 97202
$995,000
For Sale
$995,000

Remodeled commercial property with flexible layout and prime location.

Property Size3,670 SF
Lot Size0.31 Acres
Price / SF$271.12
Days on Market303

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
Listing agency EXP REALTY, LLC
Listed by EVAN NELSON · License #201206804
Source Corcoran
Added: Sep 23, 2025 Updated: Jul 10 at 3:46PM Checked: Jul 22 at 8:04AM

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


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Flex RnD

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 −$4.0k −$1.08
EGI $75.3k $20.52
− OpEx −$26.4k −$7.18
NOI $49.0k $13.34
3,670 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$699.3K
$611.9K – $815.8K (±1% cap)
NOI $48,950 @ 7.0% cap · market cap 4.92%
Second Best
Warehouse
$645.1K
$564.4K – $752.6K (±1% cap)
NOI $45,155 @ 7.0% cap · market cap 4.54%
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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

ECOFloors Carpet & Flooring Store

Suggested Use

Law Firm (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Butcher Locksmith Electrical Service (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

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

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.
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