Flex Warehouse with Office
6501 South Macadam Avenue, Portland, OR 97239
For Sale
$1,295,000
Two-floor flex space with warehouse/mezzanine potential and grade-level loading supports a range of commercial uses.
Property Size8,990 SF
Price / SF$144.05
Days on Market140
Property Features for 6501 South Macadam Avenue
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Clear Height
Building Details
Building Size
Stories
Listed By:
Don Ossey, SIOR
(503) 781-4008
Source:
Capacitycommercial
Added: Jun 24
Changed: Nov 4
Last Checked: Nov 8 at 4:20AM
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 Don Ossey, SIOR
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,299
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,980
$1.8M
Cap Rate 7%
$1,304,271
$1.3M
Cap Rate 9%
$1,014,433
$1.0M
Market Conditions
NOI Build-Up for 8,990 SF
Gross rent
$151.0K $16.80/SF
− Vacancy
−$10.6K −$1.18/SF
EGI
$140.5K $15.62/SF
− OpEx
−$49.2K −$5.47/SF
NOI
$91.3K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,980
Cap Rate 7%
$1,304,271
Cap Rate 9%
$1,014,433
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,299 @ 7.0% cap · market cap 7.05%
Second Best
Warehouse
$978.8K
$856.5K – $1.14M
NOI $68,517 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.52M
$2.21M – $2.95M
NOI $176,723 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Portland, OR
Properties on Market for Flex space in Portland
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
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 $1,295,000.
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
