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    Flex Warehouse with Office Layout Title is generated by Realmo AI

    6501 South Macadam Avenue, Portland, OR 97239

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    For Sale
    $1,950,000

    Two-floor flex space with warehouse/mezzanine potential and grade-level loading supports a range of commercial uses.

    Type:Office
    Property size:
    8,990 SF
    Price / SF:
    $216/SF
    Added:
    Jun 24, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 27 at 1:53 am

    Property Features for 6501 South Macadam Avenue

    General Information

    Standard status
    Active
    Size
    8,990 SF
    Property subtype
    Office

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    Don Ossey, SIOR
    Don Ossey, SIOR

    Listing office Capacity Commercial Group

    Listing date Jun 24, 2026

    Source Capacitycommercial

    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

    HighLights

    • 8,990 SF across two floors with flexible layout options
    • Conceptual plan for warehouse and mezzanine flex capabilities
    • 16' ceiling height with grade‑level loading potential
    • CM2 zoning supports diverse commercial uses
    • 10 surface parking stalls plus street parking available
    • High‑visibility location adjacent to retail, food, and service amenities

    Overview

    This property offers approximately 8,990 SF across two floors with flexible interior layouts. The conceptual plan contemplates restoring flex capabilities, combining warehouse functionality with a mezzanine configuration. With a 16’ ceiling height and grade-level loading potential, the space is designed to support both operational and light office needs.

    The property is located at 6501 South Macadam Avenue in Portland, Oregon. It is under CM2 zoning, which supports diverse commercial uses. The site includes ten surface parking stalls, and street parking is also available. The property also benefits from high visibility and is positioned adjacent to retail, food, and service amenities.

    For buyers seeking an adaptable industrial-flex asset, the combination of two-floor layout, mezzanine potential, and grade-level loading provides a practical foundation for a range of tenants. CM2 zoning supports broader commercial use options, while the on-site parking and nearby daily amenities can help accommodate both staff and customers depending on the operator’s needs.

    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 $205.0k $22.80
    − Vacancy −$49.8k −$5.54
    EGI $155.2k $17.26
    − OpEx −$38.8k −$4.31
    NOI $116.4k $12.94
    8,990 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.66M
    $1.45M – $1.94M (±1% cap)
    NOI $116,373 @ 7.0% cap · market cap 5.97%
    Second Best
    Flex RnD
    $1.30M
    $1.14M – $1.52M (±1% cap)
    NOI $91,299 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Office A
    $2.52M
    $2.21M – $2.95M (±1% cap)
    NOI $176,723 @ 7.0% cap · market cap 9.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Law Office Of Diane ... Law Firm Jennie Clark Law Firm oregon expungement attorney Law Firm Lucky Day Promotions Business Related Jerry Lamb Interiors ... Interior Design

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6723672
    Latitude
    45.4770225

    FAQs

    What type of property is this?
    Flex space - Two-floor flex space with warehouse/mezzanine potential and grade-level loading supports a range of commercial uses.
    Where is this flex space located?
    The property is located at 6501 South Macadam Avenue Portland, OR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 8,990 SF across two floors with flexible layout options; Conceptual plan for warehouse and mezzanine flex capabilities; 16' ceiling height with grade‑level loading potential
    More about this property
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