Storefront Property with
For Sale
$850,000
700 N KILLINGSWORTH ST, Portland, OR 97217
Street-level commercial space combines an open sales area with offices, storage, kitchen, and restrooms.
Property Size5,500 SF
Days on Market59
Property Features for 700 N KILLINGSWORTH ST
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Additional Details
Floor
Main level
Taxes and HOA fees
Annual Taxes
$19,385
Building Details
Building Size
5,500 SF
Year Built
1913
Abandoned
No
Listing Agency:
Keller Williams Sunset Corridor
Listed By:
Chris Suarez · License #200108016
(503) 890-6527
Source:
Currangrouprealtors
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 16 at 6:20PM
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 Keller Williams Sunset Corridor
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1913, this storefront property offers a main-level commercial layout with three entrances directly from the street and a full basement. The interior includes a broad open area, several offices, a separate side retail or storage area, two bathrooms, a kitchen, and additional storage space. The property is currently occupied by a bicycle retail and service business.
Located at 700 N Killingsworth St in Portland, the property is near PCC Cascade Campus. Its existing combination of open commercial area, supporting offices, customer-accessible entrances, and substantial basement storage provides a flexible physical configuration for retail or office occupancy, subject to City of Portland requirements.
Located at 700 N Killingsworth St in Portland, the property is near PCC Cascade Campus. Its existing combination of open commercial area, supporting offices, customer-accessible entrances, and substantial basement storage provides a flexible physical configuration for retail or office occupancy, subject to City of Portland requirements.
Key Highlights
- Three street‑level entrances serve the main commercial floor
- Full basement provides substantial additional storage area
- Interior includes open area, offices, side retail or storage space, kitchen, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,196
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,423,920
$1.4M
Cap Rate 7%
$1,017,086
$1.0M
Cap Rate 9%
$791,067
$791.1K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$125.4K $22.80/SF
− Vacancy
−$30.5K −$5.54/SF
EGI
$94.9K $17.26/SF
− OpEx
−$23.7K −$4.31/SF
NOI
$71.2K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,423,920
Cap Rate 7%
$1,017,086
Cap Rate 9%
$791,067
Alternative Uses
Best Use
Office B
$1.02M
$890.0K – $1.19M
NOI $71,196 @ 7.0% cap · market cap 8.38%
Second Best
Retail
$915.7K
$801.3K – $1.07M
NOI $64,102 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,118 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Similar Off Market Nearby
- Clarence Walker For Flowers — 4058 N Mississippi Ave, Portland, OR 97227
- Diana Does Things
- CWF Wholesale — 5422 N Vancouver Ave, Portland, OR 97217
Frequently Asked Questions
What type of property is this?
Storefront property - Street-level commercial space combines an open sales area with offices, storage, kitchen, and restrooms.
Where is this storefront property located?
The property is located at 700 N KILLINGSWORTH ST Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three street‑level entrances serve the main commercial floor; Full basement provides substantial additional storage area; Interior includes open area, offices, side retail or storage space, kitchen, and two bathrooms
