Office Building For
For Sale
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4747 S Kelly Ave, Portland, OR 97239
6,681 SF office building available for purchase.
Property Size6,681 SF
Price / SF$354.74
Days on Market1463
Property Features for 4747 S Kelly Ave
General Information
Standard status
Active
Size
6,681 SF
Total Parking Spaces
15
Property subtype
Office
Zoning
CM2
Site & Location
Neighborhood
South Portland
Listing Agency:
Doug Bean & Associates
Listed By:
Adam Bean · License #201204706
(503) 887-5100
Source:
Crexi
Added: Oct 25, 2022
Changed: Oct 25
Last Checked: Oct 24 at 6:06PM
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 Doug Bean & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, categorized as an office building, offers 6,681 square feet of space and is available for sale.
Key Highlights
- Office space available
- Size: 6,681 SF
- Property type: office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,484
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,680
$1.7M
Cap Rate 7%
$1,235,486
$1.2M
Cap Rate 9%
$960,933
$960.9K
Market Conditions
NOI Build-Up for 6,681 SF
Gross rent
$152.3K $22.80/SF
− Vacancy
−$37.0K −$5.54/SF
EGI
$115.3K $17.26/SF
− OpEx
−$28.8K −$4.31/SF
NOI
$86.5K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,680
Cap Rate 7%
$1,235,486
Cap Rate 9%
$960,933
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,484 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,333 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - 6,681 SF office building available for purchase.
Where is this office building located?
The property is located at 4747 S Kelly Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,370,000.
What are key features of this property?
This property features: Office space available; Size: 6,681 SF; Property type: office
