Close-In Office
For Sale
$799,000
5538 SE 22nd Ave, Portland, OR 97202
Office building with off-street parking near a nearby traffic signal.
Property Size2,170 SF
Price / SF$368.20
Days on Market198
Property Features for 5538 SE 22nd Ave
General Information
Standard status
Active
Size
2,170 SF
Site & Location
Neighborhood
Reed
Building Details
Year Built
1963
Listing Agency:
Networth Realty Of Portland
Listed By:
Monica Bugarin
(503) 887-0616
Source:
Christiesrealestateevg
Added: Apr 12
Changed: Oct 25
Last Checked: Oct 7 at 1:40PM
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 Networth Realty Of Portland
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Investment Insights
Based on property information with market context.
This close-in office property is located off SE McLoughlin and includes off-street parking for tenant and visitor use. The offering is suited for office-related occupancy within an established commercial area.
The property sits in the SE part of Portland, with a traffic signal located about one block away on SE Harold, supporting convenient local access.
For sale as an office building, the key practical features currently noted are the off-street parking and the property’s location near signal-controlled intersection access.
The property sits in the SE part of Portland, with a traffic signal located about one block away on SE Harold, supporting convenient local access.
For sale as an office building, the key practical features currently noted are the off-street parking and the property’s location near signal-controlled intersection access.
Key Highlights
- Office building in close‑in SE location off SE McLoughlin
- Traffic signal about one block away on SE Harold
- Off‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,104
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,080
$602.1K
Cap Rate 7%
$430,057
$430.1K
Cap Rate 9%
$334,489
$334.5K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$54.7K $25.20/SF
− Vacancy
−$14.5K −$6.70/SF
EGI
$40.1K $18.50/SF
− OpEx
−$10.0K −$4.62/SF
NOI
$30.1K $13.87/SF
Area
ZIP 97202
Vacancy
26.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,080
Cap Rate 7%
$430,057
Cap Rate 9%
$334,489
Alternative Uses
Best Use
Office B
$430.1K
$376.3K – $501.7K
NOI $30,104 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.7K
$453.0K – $604.0K
NOI $36,239 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
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Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - Office building with off-street parking near a nearby traffic signal.
Where is this office building located?
The property is located at 5538 SE 22nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Office building in close‑in SE location off SE McLoughlin; Traffic signal about one block away on SE Harold; Off‑street parking available
