Spacious Warehouse with Fenced
For Sale
Contact for pricing
5600 NE 122nd Ave, Portland, OR
21,000 SF warehouse with 25,000 SF fenced yard.
Property Size21,000 SF
Lot Size1.72 Acres
Price / SF$214.29
Days on Market1250
Property Features for 5600 NE 122nd Ave
General Information
Standard status
Active
Size
21,000 SF
Lot size
1.72 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kidder Mathews
(617) 291-1036
Listed By:
Steve Bowers · License #201223508
(617) 291-1036
Source:
Moodyscre
Added: Mar 1, 2023
Changed: Jul 6
Last Checked: Jul 21 at 8:51AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This property is a 21,000 square foot warehouse with a 25,000 square foot fenced and paved yard. The building features a 100-foot free span. It is located in a highly desirable area on NE 122nd Ave, one block from Airport Way, and one mile from I-205. The Portland International Airport is 3.2 miles away. Shopping, restaurants, and hotels are located nearby. Ample on-site parking is available.
Key Highlights
- Highly desirable location on NE 122nd Ave, one block from Airport Way.
- 25,000 SF fenced, paved yard.**
- Ample on‑site parking.
Financial Insights For Warehouse
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 | $201.6k | $9.60 |
| − Vacancy | −$13.3k | −$0.63 |
| EGI | $188.3k | $8.97 |
| − OpEx | −$28.2k | −$1.34 |
| NOI | $160.1k | $7.62 |
21,000 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,050 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$1.88M
$1.65M – $2.20M
NOI $131,806 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,812 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- SeaPort Moving & Storage — 5933 NE Win Sivers Dr #205, Portland, OR 97220
Frequently Asked Questions
What type of property is this?
Warehouse - 21,000 SF warehouse with 25,000 SF fenced yard.
Where is this warehouse located?
The property is located at 5600 NE 122nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Highly desirable location on NE 122nd Ave, one block from Airport Way.; 25,000 SF fenced, paved yard.**; Ample on‑site parking.
