Corner Office Building with Off-Street
For Sale
Contact for pricing
5848 SE Milwaukie Ave, Portland, OR 97202
Office building on a corner lot with off-street parking and an average daily traffic count of 4,383.
Property Size2,856 SF
Price / SF$244.75
Days on Market349
Property Features for 5848 SE Milwaukie Ave
General Information
Standard status
Active
Size
2,856 SF
Property subtype
OFFICE
Listing Agency:
Commercial Real Estate NW
(503) 309-5106
Listed By:
Denise Brohoski · License #200508190
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 31
Last Checked: Aug 2 at 5:36AM
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 Commercial Real Estate NW
Investment Insights
Based on property information with market context.
This office building offers a flexible interior configuration that can accommodate retail. The property is 2,856 square feet and sits on a corner lot, supporting tenant access and street-facing exposure. Off-street parking is available for visitors and staff.
Located in Portland’s Westmoreland neighborhood at 5848 SE Milwaukie Ave, the property benefits from average daily traffic of 4,383. The corner-lot positioning can help a business capture passing attention while maintaining dedicated off-street parking.
The current office setup provides a practical base for a user seeking space that can be configured for retail operations, depending on layout needs and use requirements.
Located in Portland’s Westmoreland neighborhood at 5848 SE Milwaukie Ave, the property benefits from average daily traffic of 4,383. The corner-lot positioning can help a business capture passing attention while maintaining dedicated off-street parking.
The current office setup provides a practical base for a user seeking space that can be configured for retail operations, depending on layout needs and use requirements.
Key Highlights
- 2,856 square feet office building with a configuration that can accommodate retail
- Corner lot positioning
- Off‑street parking
Financial Insights For Office B
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 | $72.0k | $25.20 |
| − Vacancy | −$19.1k | −$6.70 |
| EGI | $52.8k | $18.50 |
| − OpEx | −$13.2k | −$4.62 |
| NOI | $39.6k | $13.87 |
2,856 SF · lease $25.20/SF/yr · vacancy 26.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$566.0K
$495.3K – $660.3K
NOI $39,620 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.4K
$596.2K – $794.9K
NOI $47,695 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building on a corner lot with off-street parking and an average daily traffic count of 4,383.
Where is this office building located?
The property is located at 5848 SE Milwaukie Ave Portland, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,856 square feet office building with a configuration that can accommodate retail; Corner lot positioning; Off‑street parking
