Freestanding Manufacturing
For Sale
$3,000,000
5440 NE Columbia Blvd, Portland, OR 97218
Freestanding industrial building with office/showroom space, 28' clear height, and multiple grade-level and dock-high doors.
Property Size18,737 SF
Lot Size1.70 Acres
Price / SF$160.11
Days on Market93
Property Features for 5440 NE Columbia Blvd
General Information
Standard status
Active
Size
18,737 SF
Lot size
1.70 Acres
Property subtype
Industrial
Zoning
GM
Site & Location
Neighborhood
Cully Association of Neighbors
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
1
Drive-In Doors
4
Heavy Power
Yes
Building Details
Building Size
18,737 SF
Year Built
1965
Listed By:
Don Ossey, SIOR
(503) 781-4008
Source:
Corfac
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 23 at 5:52AM
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 Don Ossey, SIOR
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Investment Insights
Based on property information with market context.
Freestanding ±18,737 SF industrial/manufacturing building on a ±1.70-acre secure, fenced lot. The functional layout includes ±3,600 SF of office/showroom space and ±15,137 SF of warehouse/manufacturing space. The warehouse area offers ±28' clear height throughout, supported by a heavy power supply described as 3-phase 440V, suitable for industrial or manufacturing equipment.
Loading is supported by four grade-level doors and one dock-high door. The property also includes ample fenced yard space for outdoor storage, trailer parking, or fleet operations. Zoned GM (General Manufacturing), it supports a broad range of industrial uses.
The property is described as having excellent access and visibility along NE Columbia Blvd and proximity to I-5, I-205, and PDX, with availability for immediate occupancy.
Loading is supported by four grade-level doors and one dock-high door. The property also includes ample fenced yard space for outdoor storage, trailer parking, or fleet operations. Zoned GM (General Manufacturing), it supports a broad range of industrial uses.
The property is described as having excellent access and visibility along NE Columbia Blvd and proximity to I-5, I-205, and PDX, with availability for immediate occupancy.
Key Highlights
- Freestanding ±18,737 SF industrial/manufacturing building on a 1.70‑acre secure fenced lot
- Includes ±3,600 SF office/showroom and ±15,137 SF warehouse/manufacturing space with functional layout
- Warehouse offers 28' clear height throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,285
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,805,700
$3.8M
Cap Rate 7%
$2,718,357
$2.7M
Cap Rate 9%
$2,114,278
$2.1M
Market Conditions
NOI Build-Up for 18,737 SF
Gross rent
$314.8K $16.80/SF
− Vacancy
−$22.0K −$1.18/SF
EGI
$292.7K $15.62/SF
− OpEx
−$102.5K −$5.47/SF
NOI
$190.3K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,805,700
Cap Rate 7%
$2,718,357
Cap Rate 9%
$2,114,278
Alternative Uses
Best Use
Flex RnD
$2.72M
$2.38M – $3.17M
NOI $190,285 @ 7.0% cap · market cap 6.34%
Second Best
Warehouse
$2.04M
$1.79M – $2.38M
NOI $142,803 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$5.26M
$4.60M – $6.14M
NOI $368,327 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
28 ft
Clear height
1
Dock-high doors
4
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Portland, OR
Similar Off Market Nearby
- Finer Things Events and Catering — 5124 NE 42nd Ave, Portland, OR 97218
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building with office/showroom space, 28' clear height, and multiple grade-level and dock-high doors.
Where is this flex space located?
The property is located at 5440 NE Columbia Blvd Portland, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Freestanding ±18,737 SF industrial/manufacturing building on a 1.70‑acre secure fenced lot; Includes ±3,600 SF office/showroom and ±15,137 SF warehouse/manufacturing space with functional layout; Warehouse offers 28' clear height throughout
