Mixed-Use Property with
For Sale
$850,000
700 N KILLINGSWORTH St, Portland, OR 97217
CommercialSale, Portland, OR
Property Size5,500 SF
Lot Size0.11 Acres
Price / SF$154.55
Days on Market51
Property Features for 700 N KILLINGSWORTH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
View
City
Directions
N. Killingsworth and N. Albina
Subdivision
_141
Standard status
Active
APN
R210753
Size
5,500 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
M PATTONS & SUB, L C PATTONS SUB BLK J, BLOCK 3, E 1/2 OF LOT 1&2
Tax Annual Amount
19385
Legal Description
M PATTONS & SUB, L C PATTONS SUB BLK J, BLOCK 3, E 1/2 OF LOT 1&2
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
3 street level entrances
two bathrooms
kitchen
ample storage
Building Details
Year built
1913
Floors in Building
2
Building materials
Brick
Roof type
Built-Up
Listing Agency:
Keller Williams Sunset Corridor · Keller Williams Realty
(503) 748-8300
Listed By:
Chris Suarez · License #200108016
(503) 890-6527
Added: Aug 20
Changed: Sep 30
Last Checked: Oct 9 at 7:06AM
MLS# 517102242
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 5,500-square-foot mixed-use commercial property occupies a 0.11-acre site and was built in 1913. The main level combines a broad open area with several interior offices and a separate side retail area currently used for storage. Three street-level entrances provide access, while the full basement adds substantial storage capacity. The building also includes two bathrooms and a kitchen.
The property currently accommodates a bicycle retail and service business. Its commercial configuration supports continued retail and service use, office occupancy, or division into three separate retail areas with basement storage, subject to City COMM requirements and buyer verification. Construction is brick, with forced-air heating, central air conditioning, and a built-up roof.
The property currently accommodates a bicycle retail and service business. Its commercial configuration supports continued retail and service use, office occupancy, or division into three separate retail areas with basement storage, subject to City COMM requirements and buyer verification. Construction is brick, with forced-air heating, central air conditioning, and a built-up roof.
Key Highlights
- 5,500 square feet of commercial building area on a 0.11‑acre site
- Three street‑level entrances serve the main level
- Full basement provides substantial additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,250
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,000
$1.5M
Cap Rate 7%
$1,060,714
$1.1M
Cap Rate 9%
$825,000
$825.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$132.0K $24.00/SF
− Vacancy
−$13.2K −$2.40/SF
EGI
$118.8K $21.60/SF
− OpEx
−$44.6K −$8.10/SF
NOI
$74.3K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,000
Cap Rate 7%
$1,060,714
Cap Rate 9%
$825,000
Alternative Uses
Best Use
Mixed Use
$1.06M
$928.1K – $1.24M
NOI $74,250 @ 7.0% cap · market cap 8.74%
Second Best
Office B
$1.02M
$890.0K – $1.19M
NOI $71,196 @ 7.0% cap · market cap 8.38%
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building offering retail, office, storage, and service-oriented space with multiple street-level access points.
Where is this mixed-use 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: 5,500 square feet of commercial building area on a 0.11‑acre site; Three street‑level entrances serve the main level; Full basement provides substantial additional storage space
