Multi-Tenant Retail Office
628-630 NE Broadway Portland, OR 97212
628-630 NE Broadway, Portland, OR, 97212
Contact for pricing
For Sale
Contact for pricing
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 Market98
Property Features for 628-630 NE Broadway
General Information
- Standard status
- Active
- Size
- 10,262 SF
- Lot size
- 0.22 Acres
- Property subtype
- Office, Retail
Listing agency
Capacity Commercial Group
(503) 222-2655
Listed by
Nicholas Diamond · License #OR 200403266
Source
Crexi
Added: Apr 15 Updated: Jul 21 at 5:13AM Checked: Jul 21 at 5:13AM
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
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 (±)
Local 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 | $234.0k | $22.80 |
| − Vacancy | −$56.9k | −$5.54 |
| EGI | $177.1k | $17.26 |
| − OpEx | −$44.3k | −$4.31 |
| NOI | $132.8k | $12.94 |
10,262 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Multi-tenant building with off-street parking and rentable space totaling approximately 7,522 SF.
Where is this office units 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 (±)
