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    Two-Story Maker Space Available Title is generated by Realmo AI

    522 N Thompson Street, Portland, OR 97227

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    Flex/industrial space with high ceilings and abundant light for rent.

    Type:Office
    Added:
    Jan 27, 2026
    Days on Market:
    115
    Last Refresh:
    Apr 5 at 10:13 pm

    Property Features for 522 N Thompson Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 522 N Thompson Street Contact us

    We can help!

    Listing Contact
    Brett Bayne
    Brett Bayne

    Listing agent Brett Bayne License #OR #940700089

    Listing office Macadam Forbes

    Listing date Jan 27, 2026

    Source Macadamforbes

    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 Macadam Forbes

    HighLights

    • Open maker spaces featuring HIGH CEILINGS, abundant light, original growth timber, and exposed concrete.
    • Prime location in the rapidly changing Eliot neighborhood.
    • Quick and immediate access to I‑5 and the MAX Yellow Line.
    • Close proximity to the Moda Center, Veteran's Memorial Coliseum, and restaurants.
    • Shared amenities including a loading dock, conference room, freight elevator, and basement storage.
    • Nearby off‑street parking available.

    Overview

    Located at 522 N Thompson Street in the Eliot neighborhood, this two-story maker space offers a variety of space sizes. The availabilities feature high ceilings, abundant light, original growth timber construction, and exposed concrete. The property is situated in close proximity to the Moda Center, Veteran's Memorial Coliseum, and various restaurant amenities. It provides quick and immediate access to I-5 and the MAX Yellow Line. Building amenities include a shared loading dock, a shared conference room, a freight elevator, and basement storage. Nearby off-street parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jason Emery Moore ... Alternative Medicine Practice Ecotone Environmental Landscaping Acuity Solutions, Inc. (Bike/Boat/Book/etc) Store Deep Search Studios, ... Film Production Brother Film Production

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Ko sisters Catering — 1825 N Williams Ave, Portland, OR 97227
    • Catering for a Cause, Volunteers of America Oregon — 1520 N Williams Ave, Portland, OR 97227
    • Devil's Food Catering — 722 N Page St, Portland, OR 97227
    • Gather Around Nutrition — 2240 N Interstate Ave Suite 200, Portland, OR 97227
    • Aramark — 777 NE M L King Blvd, Portland, OR 97232

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.671
    Latitude
    45.5385

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    FAQs

    What type of property is this?
    Flex space - Flex/industrial space with high ceilings and abundant light for rent.
    Where is this flex space located?
    The property is located at 522 N Thompson Street Portland, OR.
    What are key features of this property?
    This property features: Open maker spaces featuring HIGH CEILINGS, abundant light, original growth timber, and exposed concrete.; Prime location in the rapidly changing Eliot neighborhood.; Quick and immediate access to I‑5 and the MAX Yellow Line.
    (503) 972-7280
    We can help!
    Listing Contact
    Brett Bayne
    Brett Bayne
    Real Estate License ID: OR #940700089
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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