6425 N ALBINA, Portland, OR 97217
Two-unit commercial property near Peninsula Park with redevelopment potential.
- Added:
- Nov 26, 2025
- Days on Market:
- 196
- Last Refresh:
- Apr 5 at 9:05 pm
Property Features for 6425 N ALBINA
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1937
Listing agent ERIC ZIEGLER
Listing office WRIGHT RESIDENTIAL (503) 335-3300
Listing date Nov 26, 2025
Source Corcoran
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 WRIGHT RESIDENTIAL
HighLights
- Prime North Portland location directly across from Peninsula Park.
- High‑visibility corner location in the growing Albina corridor.
- Two units: shop/garage with adaptive‑reuse potential and a street‑facing retail suite.
- CM1 zoning supports future redevelopment.
- On‑site parking.
- Quick access to I‑5.
Overview
Local Financial Insights For Mixed Use
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 | $120.0k | $24.00 |
| − Vacancy | −$12.0k | −$2.40 |
| EGI | $108.0k | $21.60 |
| − OpEx | −$40.5k | −$8.10 |
| NOI | $67.5k | $13.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.675
- Latitude
- 45.5697
