Standalone Medical Office
For Sale
$425,000
Pending
6227 SE POWELL, Portland, OR 97206
Standalone 2,943 SF medical office with exam rooms, reception, and private on-site parking for about six vehicles.
Property Size2,943 SF
Days on Market169
Property Features for 6227 SE POWELL
General Information
Standard status
Pending
Size
2,943 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,628
Amenities
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
On Site
Building Details
Year Built
1966
Listing Agency:
KELLER WILLIAMS REALTY PORTLAND PREMIERE
(503) 597-2444
Listed By:
BRADLEY KING · License #201235429
(503) 313-8262
Source:
Corcoran
Added: May 8
Changed: Oct 3
Last Checked: Oct 20 at 9:23PM
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.
Standalone medical office building totaling 2,943 SF, set on a 4,997 SF lot with a layout designed for clinical use. The interior includes patient exam rooms, a reception area, and private on-site parking for an estimated six vehicles.
The property is located in SE Portland on a high-visibility site. It is zoned CG (General Commercial) and offers easy access to I-205 for patients across the metro area, along with signage opportunities.
The configuration supports a dedicated patient-facing medical practice with a clear entry and waiting/reception area, complemented by multiple exam rooms for day-to-day clinical operations.
The property is located in SE Portland on a high-visibility site. It is zoned CG (General Commercial) and offers easy access to I-205 for patients across the metro area, along with signage opportunities.
The configuration supports a dedicated patient-facing medical practice with a clear entry and waiting/reception area, complemented by multiple exam rooms for day-to-day clinical operations.
Key Highlights
- Standalone 2,943 SF medical office built in 1966 on a 4,997 SF lot
- Clinical layout includes patient exam rooms and a reception area
- Zoned CG (General Commercial)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,096
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,920
$761.9K
Cap Rate 7%
$544,229
$544.2K
Cap Rate 9%
$423,289
$423.3K
Market Conditions
NOI Build-Up for 2,943 SF
Gross rent
$67.1K $22.80/SF
− Vacancy
−$16.3K −$5.54/SF
EGI
$50.8K $17.26/SF
− OpEx
−$12.7K −$4.31/SF
NOI
$38.1K $12.94/SF
Area
ZIP 97206
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%
$761,920
Cap Rate 7%
$544,229
Cap Rate 9%
$423,289
Alternative Uses
Best Use
Healthcare Medical
$612.7K
$536.1K – $714.8K
NOI $42,888 @ 7.0% cap · market cap 10.09%
Second Best
Office B
$544.2K
$476.2K – $634.9K
NOI $38,096 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$826.5K
$723.2K – $964.2K
NOI $57,853 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Office in Portland, OR
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone 2,943 SF medical office with exam rooms, reception, and private on-site parking for about six vehicles.
Where is this medical office space located?
The property is located at 6227 SE POWELL Portland, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Standalone 2,943 SF medical office built in 1966 on a 4,997 SF lot; Clinical layout includes patient exam rooms and a reception area; Zoned CG (General Commercial)
