Multi-Tenant Retail Office
For Sale
Contact for pricing
628-630 NE Broadway, Portland, OR 97212
Multi-tenant building with off-street parking and rentable space totaling approximately 7,522 SF.
Property Size10,262 SF
Lot Size0.22 Acres
Price / SF$214.38
Days on Market190
Property Features for 628-630 NE Broadway
General Information
Standard status
Active
Size
10,262 SF
Class
B
Lot size
0.22 Acres
Property subtype
Office, Retail
Zoning
CX
Building Details
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Capacity Commercial Group
Listed By:
Nicholas Diamond · License #OR 200403266
(503) 222-2655
Source:
Crexi
Added: Apr 15
Changed: Oct 16
Last Checked: Oct 20 at 6:43PM
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 Capacity Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenancy commercial building includes off-street parking and rentable space totaling approximately 7,522 SF. The overall building size is approximately 10,262 SF, situated on a total lot size of approximately 9,500 SF, which includes both the parking lot and building footprint.
The property is offered for sale at 628-630 NE Broadway. It presents a straightforward configuration for buyers seeking a small, multi-tenant setup with on-site parking.
Because the building is identified as a multiple tenancy asset, the space can support more than one occupant within the same property under the existing building organization.
The property is offered for sale at 628-630 NE Broadway. It presents a straightforward configuration for buyers seeking a small, multi-tenant setup with on-site parking.
Because the building is identified as a multiple tenancy asset, the space can support more than one occupant within the same property under the existing building organization.
Key Highlights
- Multi‑tenant building with off‑street parking
- Approximately 7,522 SF rentable space
- Building size approximately 10,262 SF (±)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,839
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,656,780
$2.7M
Cap Rate 7%
$1,897,700
$1.9M
Cap Rate 9%
$1,475,989
$1.5M
Market Conditions
NOI Build-Up for 10,262 SF
Gross rent
$234.0K $22.80/SF
− Vacancy
−$56.9K −$5.54/SF
EGI
$177.1K $17.26/SF
− OpEx
−$44.3K −$4.31/SF
NOI
$132.8K $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%
$2,656,780
Cap Rate 7%
$1,897,700
Cap Rate 9%
$1,475,989
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,839 @ 7.0% cap · market cap 6.04%
Second Best
Retail
$1.71M
$1.50M – $1.99M
NOI $119,604 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,728 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
12,966
Businesses Nearby
Explore this area
Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office unit - Multi-tenant building with off-street parking and rentable space totaling approximately 7,522 SF.
Where is this office unit located?
The property is located at 628-630 NE Broadway Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Multi‑tenant building with off‑street parking; Approximately 7,522 SF rentable space; Building size approximately 10,262 SF (±)
