Storefront Building with Work
For Sale
$470,000
4916 NE 100TH Ave, Portland, OR 97220
CommercialSale, Portland, OR
Property Size2,304 SF
Lot Size0.12 Acres
Price / SF$203.99
Days on Market893
Property Features for 4916 NE 100TH Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM2
Directions
NE Sandy Blvd.
Subdivision
_142
Standard status
Active
APN
R235722
Size
2,304 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
PARKROSE & RPLT, BLOCK 82, LOT 5
Tax Annual Amount
3521
Legal Description
PARKROSE & RPLT, BLOCK 82, LOT 5
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1949
Floors in Building
1
Roof type
Shingle
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 653-0607
Listed By:
Jessica Hur · License #881200144
(503) 502-2525
Added: May 1, 2024
Changed: Aug 25
Last Checked: Oct 10 at 9:06AM
MLS# 24344920
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,304-square-foot storefront property was built in 1949 and is currently configured for dry-cleaning operations. The interior includes three rooms identified as bedrooms/offices, one bathroom, a breakroom, and a kitchen. Existing dry-cleaning equipment can remain in place or be removed, depending on the buyer’s requirements.
The building has forced-air heating, central air conditioning, and a shingle roof. CM2 zoning is identified for the property. Parking is currently available on the street, with potential off-street parking behind the building noted in the property information.
The building has forced-air heating, central air conditioning, and a shingle roof. CM2 zoning is identified for the property. Parking is currently available on the street, with potential off-street parking behind the building noted in the property information.
Key Highlights
- 2,304‑square‑foot storefront property built in 1949
- Currently configured for dry‑cleaning operations
- Three bedrooms/offices, one bathroom, breakroom, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,104
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,080
$622.1K
Cap Rate 7%
$444,343
$444.3K
Cap Rate 9%
$345,600
$345.6K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$55.3K $24.00/SF
− Vacancy
−$5.5K −$2.40/SF
EGI
$49.8K $21.60/SF
− OpEx
−$18.7K −$8.10/SF
NOI
$31.1K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,080
Cap Rate 7%
$444,343
Cap Rate 9%
$345,600
Alternative Uses
Best Use
Mixed Use
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 6.62%
Second Best
Office B
$426.1K
$372.8K – $497.1K
NOI $29,825 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$647.0K
$566.1K – $754.9K
NOI $45,291 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with flexible rooms, kitchen, breakroom, and existing dry-cleaning improvements.
Where is this storefront property located?
The property is located at 4916 NE 100TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,304‑square‑foot storefront property built in 1949; Currently configured for dry‑cleaning operations; Three bedrooms/offices, one bathroom, breakroom, and kitchen
