Flexible Dual-Occupancy Flex
5215 SE FLAVEL, Portland, OR 97206
For Sale
$369,000
Updated office and warehouse configuration includes separate entrances and front parking.
Property Size1,455 SF
Price / SF$253.61
Days on Market99
Property Features for 5215 SE FLAVEL
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Heat Pump Cooling
Heat Pump Heating
Mini Split Heating
On Site
Building Details
Year Built
Listing Agency:
HOMES INTERNATIONAL OREGON
(541) 612-3867
Listed By:
NICHOLAS NEWMAN · License OR #200411208
(503) 250-3546
Source:
Corcoran
Added: Aug 4
Changed: Nov 8
Last Checked: Nov 8 at 5:28AM
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 HOMES INTERNATIONAL OREGON
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,455-square-foot flex property, built in 1926, combines office and storage functions in a compact commercial layout. The interior includes two private offices, a reception and lobby area, warehouse/storage space, and one bathroom. Two front entrances and an interior dividing wall support separate occupancy, including an arrangement where an owner-user occupies one portion and leases the other. Recent improvements include new flooring, fresh paint, and HVAC updates.
The property is located at 5215 SE FLAVEL in Portland, Oregon, near Johnson Creek Blvd and I-205. Its position near a corner includes frontage and reported traffic activity, while the nearby roadway access connects with Portland business districts, retail corridors, and surrounding communities. Five striped parking spaces are provided at the front of the building.
The property is located at 5215 SE FLAVEL in Portland, Oregon, near Johnson Creek Blvd and I-205. Its position near a corner includes frontage and reported traffic activity, while the nearby roadway access connects with Portland business districts, retail corridors, and surrounding communities. Five striped parking spaces are provided at the front of the building.
Key Highlights
- 1,455 SF flex property with office, reception, warehouse/storage, and bathroom areas
- Two private offices and two front entrances support flexible occupancy
- Interior dividing wall allows separate use of the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,360
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,200
$227.2K
Cap Rate 7%
$162,286
$162.3K
Cap Rate 9%
$126,222
$126.2K
Market Conditions
NOI Build-Up for 1,455 SF
Gross rent
$19.2K $13.20/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$17.5K $12.01/SF
− OpEx
−$6.1K −$4.20/SF
NOI
$11.4K $7.81/SF
Area
ZIP 97206
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,200
Cap Rate 7%
$162,286
Cap Rate 9%
$126,222
Alternative Uses
Best Use
Flex RnD
$162.3K
$142.0K – $189.3K
NOI $11,360 @ 7.0% cap · market cap 3.08%
Second Best
Industrial
$130.5K
$114.2K – $152.2K
NOI $9,132 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$408.6K
$357.5K – $476.7K
NOI $28,602 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Portland, OR
Properties on Market for Flex space in Portland
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Flex space - Updated office and warehouse configuration includes separate entrances and front parking.
Where is this flex space located?
The property is located at 5215 SE FLAVEL Portland, OR.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,455 SF flex property with office, reception, warehouse/storage, and bathroom areas; Two private offices and two front entrances support flexible occupancy; Interior dividing wall allows separate use of the space
