5287 N LOMBARD Portland, OR 97203
One-story, two-unit corner property fully occupied for many years, with additional back parking on the second tax lot.
Property Features for 5287 N LOMBARD
General Information
- Standard status
- Active
- Size
- 4,176 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1914
Listing office ISTAR REALTY LLC (503) 998-9869
Listing date Jul 10, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
The building is located on a prime corner and main signal intersection and is directly on the bus line. The surrounding area features many brand businesses alongside heavy apartment development.
The property is currently leased, with the existing use described as a convenience store and acupuncture. The second tax lot is identified as approximately 2,500 SF and is used for parking in the back.
Key Highlights
- 1914‑built one‑story commercial building on a corner at a main signal intersection
- 2‑unit property is fully occupied for many years
- Located directly on the bus line with businesses nearby
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.2k | $19.20 |
| − Vacancy | −$5.2k | −$1.25 |
| EGI | $75.0k | $17.95 |
| − OpEx | −$18.7k | −$4.49 |
| NOI | $56.2k | $13.46 |
