Flex Building with Overhead
For Sale
Contact for pricing
6739 SE Powell Blvd, Portland, OR 97206
Fenced corner-lot property with CE zoning and multiple at-grade loading doors for flexible commercial use.
Property Size2,800 SF
Price / SF$212.50
Days on Market530
Property Features for 6739 SE Powell Blvd
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Industrial
Zoning
CE (Commercial Employment)
Investment Type
Owner/User
Listing Agency:
Doug Bean & Associates
(503) 222-5100
Listed By:
Adam Bean · License #201204706
Source:
Crexi
Added: Mar 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:35PM
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 Doug Bean & Associates
Investment Insights
Based on property information with market context.
This 2,800-square-foot flex building occupies a fenced 5,040-square-foot corner lot and includes three at-grade overhead doors. The property is zoned CE (Commercial Employment), supporting industrial, commercial, and flex-oriented use categories identified for the site.
Positioned on SE Powell Blvd in Portland’s Foster-Powell neighborhood, the property sees exposure to more than 14,000 vehicles daily. Its building and lot configuration provide a compact commercial setting for an owner-user or investor evaluating a flex property with direct overhead-door access.
Positioned on SE Powell Blvd in Portland’s Foster-Powell neighborhood, the property sees exposure to more than 14,000 vehicles daily. Its building and lot configuration provide a compact commercial setting for an owner-user or investor evaluating a flex property with direct overhead-door access.
Key Highlights
- 2,800 SF industrial/flex building
- Fenced 5,040 SF corner lot
- Three at‑grade overhead doors
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
$21,862
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
3.67%
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%
$437,240
$437.2K
Cap Rate 7%
$312,314
$312.3K
Cap Rate 9%
$242,911
$242.9K
Market Conditions
NOI Build-Up for 2,800 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
$37.0K $13.20/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$33.6K $12.01/SF
− OpEx
−$11.8K −$4.20/SF
NOI
$21.9K $7.81/SF
Area
ZIP 97206
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$437,240
Cap Rate 7%
$312,314
Cap Rate 9%
$242,911
Alternative Uses
Best Use
Flex RnD
$312.3K
$273.3K – $364.4K
NOI $21,862 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$251.1K
$219.7K – $292.9K
NOI $17,574 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$786.3K
$688.0K – $917.4K
NOI $55,042 @ 7.0% cap · market cap 9.25%
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 Industrial in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced corner-lot property with CE zoning and multiple at-grade loading doors for flexible commercial use.
Where is this flex space located?
The property is located at 6739 SE Powell Blvd 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: 2,800 SF industrial/flex building; Fenced 5,040 SF corner lot; Three at‑grade overhead doors
