Medical Office on Powell
For Sale
$595,000
6736 Southeast Powell Boulevard, Portland, OR 97206
Single-level medical office in a high-visibility location.
Property Size1,811 SF
Lot Size0.12 Acres
Price / SF$328.55
Days on Market149
Property Features for 6736 Southeast Powell Boulevard
General Information
Standard status
Active
Size
1,811 SF
Lot size
0.12 Acres
Property subtype
Office
Listing Agency:
CBRE | Portland
(503) 221-4853
Listed By:
Jennifer Medak
(503) 221-4853
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 16 at 5:59AM
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 CBRE | Portland
Investment Insights
Based on property information with market context.
Built in 1984, this single-level, Class C medical office is located in a suburban area with high visibility off of SE Powell Boulevard, near Highway 26 and Interstate 205. The wood frame structure has lap siding and paint. The exterior is in fair condition, but could be upgraded to good with fresh paint. The building incorporates many windows, skylights and transoms to provide ample natural light, and features higher ceilings in the reception area and quality finishes throughout. The property is zoned CG (general commercial). The building area is approximately 1811 usable square feet on a 0.12-acre land parcel. The layout includes a reception area with waiting space for 4-6 people, a secured reception area, four operatories, two private offices, a lab area, and restroom access. The lot adjacent to the structure provides eight parking stalls, and an open lot to the west provides additional parking, although it is not part of the property. The property will be sold vacant and is suitable for single tenancy. The current medical use has a highly finished office environment with more plumbing than most traditional office uses. Taxes are $6,874.97.
Key Highlights
- Highly visible location off SE Powell Boulevard, near Highway 26 and Interstate 205.
- CG (general commercial) zoning allows for flexible use.
- Building design incorporates many windows, skylights and transoms providing ample natural light.
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
4.44%
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 4.44%
Second Best
Office B
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$508.6K
$445.0K – $593.3K
NOI $35,600 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
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 Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-level medical office in a high-visibility location.
Where is this medical office space located?
The property is located at 6736 Southeast Powell Boulevard Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Highly visible location off SE Powell Boulevard, near Highway 26 and Interstate 205.; CG (general commercial) zoning allows for flexible use.; Building design incorporates many windows, skylights and transoms providing ample natural light.
