Manufacturing Facility in
646 N THOMPSON Portland, OR 97227
For Sale
$950,000
Manufacturing facility suitable for contractors and makers in Portland.
Property Size5,500 SF
Lot Size0.13 Acres
Price / SF$172.73
Days on Market609
Property Features for 646 N THOMPSON
General Information
Standard status
Active
Size
5,500 SF
Lot size
0.13 Acres
Property subtype
Commercial
Building Details
Year Built
1924
Listing Agency:
WHERE, INC
(503) 222-4373
Listed By:
MARILYN BROWN
Source:
Corcoran
Added: Nov 25, 2024
Changed: Jul 6
Last Checked: Jul 27 at 8:57AM
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
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 For Industrial
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 | $52.8k | $9.60 |
| − Vacancy | −$3.5k | −$0.63 |
| EGI | $49.3k | $8.97 |
| − OpEx | −$14.8k | −$2.69 |
| NOI | $34.5k | $6.28 |
5,500 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 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.
