Freestanding Office
For Sale
$690,000
6736 SE POWELL Blvd, Portland, OR 97206
CommercialSale, Portland, OR
Property Size1,811 SF
Price / SF$381
Days on Market40
Property Features for 6736 SE POWELL Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Directions
SE Powell to address; GPS
Subdivision
_143
Standard status
Active
APN
R253678
Size
1,811 SF
Taxes and HOA fees
Tax Description
RESERVOIR PK, BLOCK 2, LOT 1&2 TL 7200
Tax Annual Amount
8405
Legal Description
RESERVOIR PK, BLOCK 2, LOT 1&2 TL 7200
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1984
Roof type
Composition
Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Amy Liu · License #201239122
(503) 317-3522
Added: Jul 17
Changed: Aug 14
Last Checked: Aug 25 at 1:06PM
MLS# 414028675
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property contains 1,811 square feet arranged for adaptable professional use. The interior includes a spacious waiting area, front reception, several private office or service rooms, additional work areas, and storage. Central Air and Forced Air systems serve the building, which has a composition roof and was built in 1984.
The property is located at 6736 SE POWELL Blvd in Portland, with exposure along SE Powell Boulevard and access to 8 on-site parking spaces. Free public parking is also available nearby. General Commercial zoning, designated CG, supports a range of commercial applications, while the existing room configuration can accommodate office, service, or healthcare-oriented operations.
The property is located at 6736 SE POWELL Blvd in Portland, with exposure along SE Powell Boulevard and access to 8 on-site parking spaces. Free public parking is also available nearby. General Commercial zoning, designated CG, supports a range of commercial applications, while the existing room configuration can accommodate office, service, or healthcare-oriented operations.
Key Highlights
- 1,811‑square‑foot freestanding office building
- General Commercial zoning designation: CG
- 8 on‑site parking spaces
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
$26,391
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
3.82%
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%
$527,820
$527.8K
Cap Rate 7%
$377,014
$377.0K
Cap Rate 9%
$293,233
$293.2K
Market Conditions
NOI Build-Up for 1,811 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
$47.8K $26.40/SF
− Vacancy
−$3.8K −$2.11/SF
EGI
$44.0K $24.29/SF
− OpEx
−$17.6K −$9.72/SF
NOI
$26.4K $14.57/SF
Area
ZIP 97206
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$527,820
Cap Rate 7%
$377,014
Cap Rate 9%
$293,233
Alternative Uses
Best Use
Healthcare Medical
$377.0K
$329.9K – $439.9K
NOI $26,391 @ 7.0% cap · market cap 3.82%
Second Best
Office B
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$508.6K
$445.0K – $593.3K
NOI $35,600 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
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 Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with private rooms, reception, storage, and on-site parking along SE Powell Boulevard.
Where is this office building located?
The property is located at 6736 SE POWELL Blvd Portland, OR.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 1,811‑square‑foot freestanding office building; General Commercial zoning designation: CG; 8 on‑site parking spaces
