Leased Flex Space with Grade
New
For Sale
$2,040,000
711 SE Stark St, Portland, OR 97214
Industrial building offers off-street parking, new rooftop HVAC units, and three-phase electrical service.
Property Size8,000 SF
Days on Market2
Property Features for 711 SE Stark St
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Occupancy
100%
Warehouse & Industrial
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Building Details
Building Size
8,000 SF
Year Built
1965
Listing Agency:
Norris & Stevens, Inc. - Corporate
Listed By:
Greg Nesting · License #890900047
(503) 225-8440
Source:
Tcnworldwide
Added: Sep 9
Last Checked: Sep 9 at 4:36PM
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 Norris & Stevens, Inc. - Corporate
Investment Insights
Based on property information with market context.
This flex space is a fully leased industrial property with off-street parking and two grade-level doors. The building includes two new HVAC rooftop units and 200-amp, three-phase panels providing 400 amps in total. Its configuration can accommodate two 4,000 SF tenants, supporting flexible occupancy planning.
Located at 711 SE Stark St in Portland’s inner eastside, the property is leased to Viking HVAC with 2.5 years remaining on the existing lease and plans to extend. The tenant may vacate for an owner-user buyer, creating an alternative occupancy path while the current lease remains in place.
Located at 711 SE Stark St in Portland’s inner eastside, the property is leased to Viking HVAC with 2.5 years remaining on the existing lease and plans to extend. The tenant may vacate for an owner-user buyer, creating an alternative occupancy path while the current lease remains in place.
Key Highlights
- Fully leased industrial flex property at 711 SE Stark St, Portland, OR 97214
- Two grade‑level doors and off‑street parking
- Two new HVAC rooftop units
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
$81,245
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
3.98%
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%
$1,624,900
$1.6M
Cap Rate 7%
$1,160,643
$1.2M
Cap Rate 9%
$902,722
$902.7K
Market Conditions
NOI Build-Up for 8,000 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
$134.4K $16.80/SF
− Vacancy
−$9.4K −$1.18/SF
EGI
$125.0K $15.62/SF
− OpEx
−$43.7K −$5.47/SF
NOI
$81.2K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /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%
$1,624,900
Cap Rate 7%
$1,160,643
Cap Rate 9%
$902,722
Alternative Uses
Best Use
Flex RnD
$1.16M
$1.02M – $1.35M
NOI $81,245 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$717.3K
$627.7K – $836.9K
NOI $50,212 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,262 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,828
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building offers off-street parking, new rooftop HVAC units, and three-phase electrical service.
Where is this flex space located?
The property is located at 711 SE Stark St Portland, OR.
What is the asking price?
The asking price for this property is $2,040,000.
What are key features of this property?
This property features: Fully leased industrial flex property at 711 SE Stark St, Portland, OR 97214; Two grade‑level doors and off‑street parking; Two new HVAC rooftop units
