Mixed-Use Retail
For Sale
$1,600,000
6504 SE Foster Road, Portland, OR 97206
For sale mixed-use retail asset totaling 6,796 SF, offering flexible space within a single property.
Property Size10,196 SF
Price / SF$156.92
Days on Market134
Property Features for 6504 SE Foster Road
General Information
Standard status
Active
Size
10,196 SF
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
Trident Real Estate Solutions
(503) 722-9587
Listed By:
Sandra McLeod · License #200108207
(877) 319-7625
Source:
Century21northhomes
Added: Apr 13
Changed: Aug 23
Last Checked: Aug 24 at 6:19AM
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 Trident Real Estate Solutions
Investment Insights
Based on property information with market context.
This mixed-use retail building is offered for sale and totals 6,796 SF, with the property size listed as 10,196 SF. The offering is structured as a retail-oriented storefront property with mixed-use components under one ownership.
The building is located at 6504 SE Foster Rd in Portland, Oregon. The property is identified in the public remarks as a mixed-use asset, with the most recent listing date shown as 10/11/2024.
For buyers and investors seeking a retail-forward property with mixed-use characteristics, this presents a single building to review and evaluate. The clear retail and mixed-use designation can support a variety of tenant or ownership objectives, depending on how the internal spaces are configured and leased. Interested parties should review the property details and available information to confirm current layout and suitability for their intended retail and mixed-use plans.
The building is located at 6504 SE Foster Rd in Portland, Oregon. The property is identified in the public remarks as a mixed-use asset, with the most recent listing date shown as 10/11/2024.
For buyers and investors seeking a retail-forward property with mixed-use characteristics, this presents a single building to review and evaluate. The clear retail and mixed-use designation can support a variety of tenant or ownership objectives, depending on how the internal spaces are configured and leased. Interested parties should review the property details and available information to confirm current layout and suitability for their intended retail and mixed-use plans.
Key Highlights
- Mixed‑use property for sale totaling 6,796 SF
- Built in 1910
- Listing remarks dated 10/11/2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,000
$2.4M
Cap Rate 7%
$1,679,286
$1.7M
Cap Rate 9%
$1,306,111
$1.3M
Market Conditions
NOI Build-Up for 10,196 SF
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.
Gross rent
$183.5K $18.00/SF
− Vacancy
−$15.6K −$1.53/SF
EGI
$167.9K $16.47/SF
− OpEx
−$50.4K −$4.94/SF
NOI
$117.5K $11.53/SF
Area
ZIP 97206
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,000
Cap Rate 7%
$1,679,286
Cap Rate 9%
$1,306,111
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,550 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,430 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kern Park Flower Shoppe — 6713 SE Holgate Blvd, Portland, OR 97206
Frequently Asked Questions
What type of property is this?
Storefront property - For sale mixed-use retail asset totaling 6,796 SF, offering flexible space within a single property.
Where is this storefront property located?
The property is located at 6504 SE Foster Road Portland, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Mixed‑use property for sale totaling 6,796 SF; Built in 1910; Listing remarks dated 10/11/2024
