Portland Industrial Facility For
For Sale
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5822 NE Skyport Way, Portland, OR 97218
63,916 SF industrial facility in NE Portland's Airport Way.
Property Size63,916 SF
Lot Size2.60 Acres
Price / SF$170
Days on Market245
Property Features for 5822 NE Skyport Way
General Information
Standard status
Active
Size
63,916 SF
Lot size
2.60 Acres
Property subtype
Industrial
Zoning
IG-2 General Industrial 2
Occupancy
100%
Lease Type
NNN
Net Operating Income
$479,370
Building Details
Tenancy
Single
Listing Agency:
Wright Commercial LLC
Listed By:
Eric Ziegler · License #201103068
Source:
Crexi
Added: Feb 4
Changed: Sep 14
Last Checked: Oct 5 at 4:59PM
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 Wright Commercial LLC
Investment Insights
Based on property information with market context.
The property at 5822 NE Skyport Way is a 63,916 SF concrete tilt-up industrial facility situated in NE Portland’s established Airport Way corridor. The building includes approximately 50,360 SF of functional warehouse space featuring a 24-foot clear height, dock and grade-level loading, a wet sprinkler system, and 3-phase power. There is also about 6,750 SF of built-out office space and approximately 6,806 SF of mezzanine. Positioned on a 2.6-acre site, the property provides access to I-205, Hwy 30, and PDX airport, offering operational efficiency and regional connectivity. The property is currently leased through November 2026, presenting an opportunity for an owner-user or investor seeking a stable asset with future flexibility in a core industrial location.
Key Highlights
- Excellent access to I‑205, Hwy 30, and PDX airport.
- Boasting ~50,360 SF of functional warehouse space with 24’ clear height.
- Located in NE Portland’s established Airport Way corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$827,373
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,547,460
$16.5M
Cap Rate 7%
$11,819,614
$11.8M
Cap Rate 9%
$9,193,033
$9.2M
Market Conditions
NOI Build-Up for 63,916 SF
Gross rent
$1.46M $22.80/SF
− Vacancy
−$354.1K −$5.54/SF
EGI
$1.10M $17.26/SF
− OpEx
−$275.8K −$4.31/SF
NOI
$827.4K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,547,460
Cap Rate 7%
$11,819,614
Cap Rate 9%
$9,193,033
Alternative Uses
Best Use
Office B
$11.82M
$10.34M – $13.79M
NOI $827,373 @ 7.0% cap · market cap 7.61%
Second Best
Warehouse
$6.96M
$6.09M – $8.12M
NOI $487,132 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$17.95M
$15.71M – $20.94M
NOI $1,256,443 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Warehouse - 63,916 SF industrial facility in NE Portland's Airport Way.
Where is this warehouse located?
The property is located at 5822 NE Skyport Way Portland, OR.
What is the asking price?
The asking price for this property is $10,865,720.
What are key features of this property?
This property features: Excellent access to I‑205, Hwy 30, and PDX airport.; Boasting ~50,360 SF of functional warehouse space with **24’ clear height.**; Located in NE Portland’s established Airport Way corridor.
