Tenant-Occupied Specialty
5160 NE COLUMBIA Blvd, Portland, OR 97218
For Sale
$750,000
CommercialSale, Portland, OR
Property Size2,200 SF
Lot Size0.28 Acres
Price / SF$340.91
Days on Market52
Property Features for 5160 NE COLUMBIA Blvd
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Windermere Community Realty
Listed By:
Rose Ojeda
(503) 249-1706
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 14 at 3:06AM
MLS# 559024022
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.
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Investment Insights
Based on property information with market context.
This tenant-occupied specialty property contains a 2,200-square-foot building on a 0.28-acre parcel. Built in 1948, the structure has metal and wood framing, with a composition and metal roof. Forced-air heating and ENERGY STAR qualified cooling equipment are installed.
The property is zoned IG2, a designation that includes commercial uses such as vehicle repair. Prospective users should verify permitted uses with the City of Portland Planning and Zoning. Showings are available after an offer is accepted.
The property is zoned IG2, a designation that includes commercial uses such as vehicle repair. Prospective users should verify permitted uses with the City of Portland Planning and Zoning. Showings are available after an offer is accepted.
Key Highlights
- 2,200‑square‑foot building on a 0.28‑acre parcel
- IG2 zoning; vehicle repair is among potential commercial uses, subject to city confirmation
- Built in 1948 with metal and wood framing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,248
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,960
$565.0K
Cap Rate 7%
$403,543
$403.5K
Cap Rate 9%
$313,867
$313.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$54.1K $24.60/SF
− Vacancy
−$2.8K −$1.25/SF
EGI
$51.4K $23.35/SF
− OpEx
−$23.1K −$10.51/SF
NOI
$28.2K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,960
Cap Rate 7%
$403,543
Cap Rate 9%
$313,867
Alternative Uses
Best Use
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,248 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
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Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - IG2 zoning accommodates several commercial uses, including vehicle repair, subject to confirmation with Portland planning and zoning.
Where is this single family property located?
The property is located at 5160 NE COLUMBIA Blvd Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,200‑square‑foot building on a 0.28‑acre parcel; IG2 zoning; vehicle repair is among potential commercial uses, subject to city confirmation; Built in 1948 with metal and wood framing
