Small Warehouse/Shop For
7132 N FESSENDEN Portland, OR 97203
For Sale
$449,000
Small warehouse/shop ideal for a small contractor.
Property Size2,144 SF
Price / SF$209.42
Days on Market103
Property Features for 7132 N FESSENDEN
General Information
- Standard status
- Active
- Size
- 2,144 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing Agency:
NORRIS & STEVENS INVESTMENT REAL ESTATE SERVICES
(503) 223-3171
Listed By:
DAVID KEYS · License #820600052
Source:
Corcoran
Added: Apr 14
Changed: Jul 10
Last Checked: Jul 24 at 10:09AM
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 INVESTMENT REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This property is a small warehouse or shop, suitable for a small contractor. The property size is 2144 square feet.
Key Highlights
- Ideal for small contractor
- Small warehouse/shop
- Built in 1949
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $9.60 |
| − Vacancy | −$1.4k | −$0.63 |
| EGI | $19.2k | $8.97 |
| − OpEx | −$2.9k | −$1.34 |
| NOI | $16.3k | $7.62 |
2,144 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$233.4K
$204.3K – $272.3K
NOI $16,340 @ 7.0% cap · market cap 3.64%
Second Best
Industrial
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$602.1K
$526.8K – $702.4K
NOI $42,146 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cost Plus Heating ...
HVAC Service
Similar Off Market Nearby
- Public Storage — 6525 N Lombard St, Portland, OR 97203
- Self Storage — 8195 n lombard st, portland, or 97203
- Self Storage — 7007 n fessenden st, portland, or 97203
- Self-Stor-age — 7007 n fessenden st, portland, or 97203
- Northwest Self Storage — 8190 N Lombard St, Portland, OR 97203
FAQs
What type of property is this?
Warehouse - Small warehouse/shop ideal for a small contractor.
Where is this warehouse located?
The property is located at 7132 N FESSENDEN Portland, OR.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Ideal for small contractor; Small warehouse/shop; Built in 1949
