Portland Office Building For
For Sale
$2,250,000
7305 NE Glisan St, Portland, OR 97213
7,368 SF office building available in Portland, Oregon.
Property Size7,144 SF
Price / SF$305.37
Days on Market232
Property Features for 7305 NE Glisan St
General Information
Standard status
Active
Size
7,144 SF
Property subtype
Office
Site & Location
Neighborhood
Southeast
Building Details
Building Size
7,144 SF
Year Built
1907
Buildings
1
Listing Agency:
Kidder Mathews - Portland
Listed By:
Sean McNamara · License #201205329
(503) 721-2738
Source:
Kidder
Added: Mar 8
Changed: Oct 25
Last Checked: Mar 26 at 9:48AM
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 Kidder Mathews - Portland
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Investment Insights
Based on property information with market context.
This commercial real estate offering features a 7,368 square foot office building located in Portland, Oregon. The property is suitable for office use.
Key Highlights
- 7,368 SF office building
- Located in Portland, Oregon
- Year Built: 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,377
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,540
$1.9M
Cap Rate 7%
$1,362,529
$1.4M
Cap Rate 9%
$1,059,744
$1.1M
Market Conditions
NOI Build-Up for 7,368 SF
Gross rent
$168.0K $22.80/SF
− Vacancy
−$40.8K −$5.54/SF
EGI
$127.2K $17.26/SF
− OpEx
−$31.8K −$4.31/SF
NOI
$95.4K $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%
$1,907,540
Cap Rate 7%
$1,362,529
Cap Rate 9%
$1,059,744
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,377 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,838 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
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Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - 7,368 SF office building available in Portland, Oregon.
Where is this office building located?
The property is located at 7305 NE Glisan St Portland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 7,368 SF office building; Located in Portland, Oregon; Year Built: 1907
