Church Building with Commercial
5740 NE LOMBARD Portland, OR 97218
5740 NE LOMBARD, Portland, OR, 97218
$999,000
For Sale
$999,000
Church building with food pantry and development potential for sale.
Property Size6,035 SF
Price / SF$165.53
Days on Market412
Property Features for 5740 NE LOMBARD
General Information
- Standard status
- Active
- Size
- 6,035 SF
Building Details
- Year Built
- 1996
Listing Agency
VANDERMEER REAL ESTATE
(503) 489-8381
Listed by
ADAM HARVEY
Source
Corcoran
Added: Jun 5, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 VANDERMEER REAL ESTATE
Investment Insights
Based on property information with market context.
This property features a 6,035 square foot church building situated on 0.59 acres of land. The sanctuary provides seating for 240 individuals and includes a nursery, three smaller offices or classrooms, and three restrooms. On-site parking is available with 30 spaces. The CM1 zoning designation allows for a variety of use options. The listing also includes a neighboring 2,400 square foot commercial building on 0.15 acres, currently used as a food pantry. This second building is equipped with a kitchen space, one restroom, and 12 on-site parking spaces. Both buildings can be purchased separately.
Key Highlights
- Includes two buildings: a 6,035 SF church and a 2,400 SF commercial building.
- The church sanctuary seats 240 people.
- CM1 zoning offers diverse usage possibilities.
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 | $115.9k | $19.20 |
| − Vacancy | −$7.5k | −$1.25 |
| EGI | $108.3k | $17.95 |
| − OpEx | −$27.1k | −$4.49 |
| NOI | $81.3k | $13.46 |
6,035 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,255 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$1.00M
$879.2K – $1.17M
NOI $70,338 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,634 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - Church building with food pantry and development potential for sale.
Where is this church & religious facility located?
The property is located at 5740 NE LOMBARD Portland, OR.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Includes two buildings: a 6,035 SF church and a 2,400 SF commercial building.; The church sanctuary seats 240 people.; CM1 zoning offers diverse usage possibilities.
