Multi-Tenant Flex
For Sale
$7,200,000
6121 North Cutter Circle, Portland, OR 97217
Originally designed for multiple occupants, the building can be used in part while leasing remaining space through 2026.
Property Size41,027 SF
Days on Market115
Property Features for 6121 North Cutter Circle
General Information
Standard status
Active
Size
41,027 SF
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Neighborhood
Arbor Lodge
Building Details
Building Size
41,027 SF
Listing Agency:
Macadam Forbes
Listed By:
Todd Collins · License ##881000059
(503) 972-7283
Source:
Commercialcafe
Added: Jul 3
Changed: Oct 25
Last Checked: Oct 24 at 1:51PM
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 Macadam Forbes
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Investment Insights
Based on property information with market context.
This flex/industrial warehouse was originally designed for multiple occupants, with the flexibility for a user to occupy all or a portion of the building while leasing out any excess space. The property is currently occupied by Daimler Trucks North America through the end of 2026.
Located at 6121 N Cutter Cir in Portland, Oregon, the offering provides an ownership structure that supports both full-occupancy and partial-occupancy strategies based on how much space you need.
As presented, the building’s configuration supports a multi-tenant approach, with one tenant in place through 2026 and the remainder of the space available for leasing should an incoming user require only part of the facility.
Located at 6121 N Cutter Cir in Portland, Oregon, the offering provides an ownership structure that supports both full-occupancy and partial-occupancy strategies based on how much space you need.
As presented, the building’s configuration supports a multi-tenant approach, with one tenant in place through 2026 and the remainder of the space available for leasing should an incoming user require only part of the facility.
Key Highlights
- Year built 1990
- Building originally designed for multiple occupants—users can occupy part and lease the remaining space
- Occupied by Daimler Trucks North America through the end of 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$416,654
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,333,080
$8.3M
Cap Rate 7%
$5,952,200
$6.0M
Cap Rate 9%
$4,629,489
$4.6M
Market Conditions
NOI Build-Up for 41,027 SF
Gross rent
$689.3K $16.80/SF
− Vacancy
−$48.2K −$1.18/SF
EGI
$641.0K $15.62/SF
− OpEx
−$224.4K −$5.47/SF
NOI
$416.7K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,333,080
Cap Rate 7%
$5,952,200
Cap Rate 9%
$4,629,489
Alternative Uses
Best Use
Flex RnD
$5.95M
$5.21M – $6.94M
NOI $416,654 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$3.68M
$3.22M – $4.29M
NOI $257,505 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$11.52M
$10.08M – $13.44M
NOI $806,498 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Flex space - Originally designed for multiple occupants, the building can be used in part while leasing remaining space through 2026.
Where is this flex space located?
The property is located at 6121 North Cutter Circle Portland, OR.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Year built 1990; Building originally designed for multiple occupants—users can occupy part and lease the remaining space; Occupied by Daimler Trucks North America through the end of 2026
