Corner Office Building with Off-Street
For Sale
$625,000
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
Days on Market95
Property Features for 5848 SE MILWAUKIE AVE
General Information
Standard status
Active
Size
2,856 SF
Property subtype
Office
Site & Location
Neighborhood
Brooklyn Action Corps
Taxes and HOA fees
Annual Taxes
$4,843
Building Details
Building Size
2,856 SF
Year Built
1904
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Bradley King · License #201235429
(503) 313-8262
Source:
Eleeterealestate
Added: Jul 30
Changed: Oct 31
Last Checked: Oct 30 at 7:51PM
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 Keller Williams Realty Portland Premiere
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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
Estimated NOI and Cap Rate
NOI / Yr
$39,620
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,400
$792.4K
Cap Rate 7%
$566,000
$566.0K
Cap Rate 9%
$440,222
$440.2K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$72.0K $25.20/SF
− Vacancy
−$19.1K −$6.70/SF
EGI
$52.8K $18.50/SF
− OpEx
−$13.2K −$4.62/SF
NOI
$39.6K $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%
$792,400
Cap Rate 7%
$566,000
Cap Rate 9%
$440,222
Alternative Uses
Best Use
Office B
$566.0K
$495.3K – $660.3K
NOI $39,620 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.4K
$596.2K – $794.9K
NOI $47,695 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
855
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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Cap Rate, Value Estimation, Potential NOI and more
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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 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 $625,000.
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
