7411 7474 & 7531 Southeast Johnson Creek Boulevard, Portland, OR 97206

Building Details

Building Size 23,011 SF More

Listing Agency: Macadam Forbes

Listed By: Joe Kappler · License OR #200605069 Show Phone

Source: Macadamforbes

Added: Sep 24 Changed: Nov 9 Last Checked: Nov 12 at 5:57AM

Report an Issue

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 Macadam Forbes

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The offering comprises three distinct manufacturing properties, each available on its own or as part of a combined purchase. Warehouse areas have new LED lighting, and the sites are served by heavy power. LI (Light Industrial) zoning applies across the properties.

A manufacturing company occupies the properties and expects to leave shortly after closing. The locations are on Southeast Johnson Creek Boulevard in unincorporated Clackamas County.

Key Highlights

• Three separate properties offered together or individually
• LI (Light Industrial) zoning
• Heavy power

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$186,338

Cap Rate

5.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,726,760 $3.7M

Cap Rate 7%

$2,661,971 $2.7M

Cap Rate 9%

$2,070,422 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 23,011 SF

Gross rent

$234.7K $10.20/SF

− Vacancy

−$15.5K −$0.67/SF

EGI

$219.2K $9.53/SF

− OpEx

−$32.9K −$1.43/SF

NOI

$186.3K $8.10/SF

Area

ZIP 97206

Vacancy

6.60%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,726,760

Cap Rate 7%

$2,661,971

Cap Rate 9%

$2,070,422

Alternative Uses

Best Use

Warehouse

$2.66M

$2.33M – $3.11M (±1% cap)

NOI $186,338 @ 7.0% cap · market cap 5.60%

Second Best

Industrial

$2.06M

$1.81M – $2.41M (±1% cap)

NOI $144,428 @ 7.0% cap · market cap 4.34%

Theoretical Best

Office A

$6.46M

$5.65M – $7.54M (±1% cap)

NOI $452,344 @ 7.0% cap · market cap 13.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

699

Businesses Nearby

Explore this area Business Placement

Demographics for 97206, OR

51,072

Population

22,348

Households

2.3

Avg Household Size

38

Median Age

49%

College-Educated

94%

High-School Grad

6.5 sq mi

ZIP Area

7,857

Density / Sq Mi

$94,233

Median Household Income

$54,254

Median Earnings

$1,693

Median Rent

$480,500

Median Home Value

Market

Average Price Trend$/SF for Manufacturing properties in Portland, OR

$247 Jul

$195 Aug

$183 Sep

$183 Oct

Properties on Market for Manufacturing properties in Portland

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019

4.1% 2020

2.5% 2021

2.1% 2022

4.2% 2023

5.5% 2024

6.6% 2025

Similar For Sale Nearby

See more

Warehouse with Office and Storage

8900 NE Lombard St, Portland, OR 97220

$3,825,000

23,777 SF

View details

Freestanding Manufacturing Warehouse

5440 NE Columbia Blvd, Portland, OR 97218

$3,000,000

18,737 SF

View details

Six-Suite Flex Property

8411 N DENVER Ave, Portland, OR 97217

$4,350,000

19,100 SF

View details

Central East Side Warehouse Building

307 SE Washington St, Portland, OR 97214

$2,200,000

View details

Auto Body Shop and Warehouses

7606 Ne M L King Blvd, Portland, OR 97211

$4,999,000

32,000 SF

View details

Auto Shop With Warehouse Space

7606 NE M L KING JR Blvd, Portland, OR 97211

$4,999,000

32,000 SF

View details

Portland Auto Body Shop Opportunity

7606 NE M L KING JR, Portland, OR 97211

$4,999,000

32,000 SF

View details

Portland Industrial Warehouse with Office

4401 Wi NE Martin Luther King Blvd, Portland, OR 97211

$5,195,000

View details

Portland Warehouse with Fenced Yard

2776 SE 8th Ave, Portland, OR 97202

$2,295,000

View details

Portland Warehouse Space For Sale

709 N Columbia Blvd, Portland, OR 97217

$2,804,400

9,530 SF

View details

Portland Industrial Warehouse Asset Opportunity

2506 NE Multnomah St, Portland, OR 97232

$3,950,000

56,175 SF

View details

Single-Tenant Warehouse with Mezzanine

2237-2249 Northwest Raleigh Street, Portland, OR 97210

$2,870,000

8,800 SF

View details

Frequently Asked Questions

What type of property is this?

Manufacturing property - The properties have heavy power, updated warehouse lighting, and LI (Light Industrial) zoning.

Where is this manufacturing property located?

The property is located at 7411 7474 & 7531 Southeast Johnson Creek Boulevard Portland, OR.

What is the asking price?

The asking price for this property is $3,330,000.

What are key features of this property?

This property features: Three separate properties offered together or individually; LI (Light Industrial) zoning; Heavy power