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Listing Agency: Doug Bean & Associates

Listed By: Adam Bean · License #201204706 Show Phone

Source: Crexi

Added: Mar 19, 2025 Changed: Oct 3 Last Checked: Oct 14 at 7:48PM

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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.

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 / Yr

$21,862

Cap Rate

4.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,240 $437.2K

Cap Rate 7%

$312,314 $312.3K

Cap Rate 9%

$242,911 $242.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

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 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 (±1% cap)

NOI $21,862 @ 7.0% cap · market cap 4.29%

Second Best

Industrial

$251.1K

$219.7K – $292.9K (±1% cap)

NOI $17,574 @ 7.0% cap · market cap 3.45%

Theoretical Best

Office A

$786.3K

$688.0K – $917.4K (±1% cap)

NOI $55,042 @ 7.0% cap · market cap 10.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Kornyta Auto Express Auto Repair Shop Lada Auto Express ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.4% 2019

4.1% 2020

2.5% 2021

2.1% 2022

4.2% 2023

5.5% 2024

6.6% 2025

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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 $510,000.

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