Manufacturing Facility in
For Sale
$950,000
646 N THOMPSON ST, Portland, OR 97227
Manufacturing facility suitable for contractors and makers in Portland.
Property Size5,500 SF
Price / SF$172.73
Days on Market706
Property Features for 646 N THOMPSON ST
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Zoning
IG1
Site & Location
Neighborhood
Eliot
Taxes and HOA fees
Annual Taxes
$6,092
Amenities
Gas
PublicWater
0.13
OnSite,OnStreet
Paved
5546
5500.0
Building Details
Building Size
5,500 SF
Year Built
1924
Stories
1
Listing Agency:
Where, Inc
(503) 222-4373
Listed By:
Marilyn Whitaker
(503) 799-6418
Source:
Premierepropertygroup
Added: Nov 25, 2024
Changed: Oct 31
Last Checked: Nov 1 at 3:36AM
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 Where, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property has historically been operated as a manufacturing facility. Its location and size make it suitable for small contractors and makers seeking a new location in Portland. The property size is 5500 square feet. The tenant is a long-term occupant of over 20 years.
Key Highlights
- Suitable location and size for small contractors and makers.
- Located in the heart of Portland.
- Property historically operated as a manufacturing facility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,521
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,420
$690.4K
Cap Rate 7%
$493,157
$493.2K
Cap Rate 9%
$383,567
$383.6K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$52.8K $9.60/SF
− Vacancy
−$3.5K −$0.63/SF
EGI
$49.3K $8.97/SF
− OpEx
−$14.8K −$2.69/SF
NOI
$34.5K $6.28/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,420
Cap Rate 7%
$493,157
Cap Rate 9%
$383,567
Alternative Uses
Best Use
Industrial
$493.2K
$431.5K – $575.4K
NOI $34,521 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,118 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 97227, OR
6,058
Population
3,835
Households
1.6
Avg Household Size
35
Median Age
60%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
4,327
Density / Sq Mi
$79,161
Median Household Income
$56,098
Median Earnings
$1,609
Median Rent
$595,900
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?
Manufacturing property - Manufacturing facility suitable for contractors and makers in Portland.
Where is this manufacturing property located?
The property is located at 646 N THOMPSON ST Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Suitable location and size for small contractors and makers.; Located in the heart of Portland.; Property historically operated as a manufacturing facility.
