Portland Flex Space
75227524 SE 52nd Ave, Portland, OR 97206
Commercial flex building in Southeast Portland's Brentwood-Darlington neighborhood.
Type:Retail, Industrial
Property size:
1,950 SFPrice / SF:
$256/SF- Added:
- May 20, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 7:28 am
Property Features for 75227524 SE 52nd Ave
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1947
Listing agent Charles Ramsay License #000
Listing office Epique Realty
Listing date May 20, 2026
Source Crexi
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 Epique Realty
HighLights
- Opportunity for a 17.6% levered IRR through a $65,000 renovation and lease reset to market rates.
- Significantly reduced property taxes resulting in approximately $3,500 annual tax burden post‑sale.
- Immediate cash flow with an As‑Is NOI of $34,251 in Year 1 and a 1.18x DSCR.
- CM2 zoning allows for a wide range of commercial uses.
- Existing active commercial use with current tenant White Lightning Electric publicly listing the address as its headquarters.
- Located in Southeast Portland’s Brentwood‑Darlington neighborhood with functional parking and access on two residential‑adjacent lots.
Overview
Located in Southeast Portland's Brentwood-Darlington neighborhood, the property at 7522–7524 SE 52nd Ave is a commercial flex building constructed in 1947. The single-story structure, consistent with 1940s-era neighborhood service construction, features masonry or wood-frame construction and an estimated 12–14-foot ceiling clearance. The site configuration on two residential-adjacent lots provides functional parking and access. The building, with 1,950 square feet, is suited for single or two-tenant occupancy. Currently, White Lightning Electric occupies the property, which they list publicly as their headquarters. The property is zoned CM2, which supports contractor offices, service showrooms, light flex, trade service operations, personal services, and certain retail formats. Permitted uses are broader than IG (General Industrial) but does not permit heavy industrial uses, outdoor storage as a primary use, or auto-oriented uses without conditional approval.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$280.5K
NOI $25,242 @ 9.00% cap · cautious / downside scenario
Moderate
$360.6K
NOI $25,242 @ 7.00% cap · market / base-case scenario
Aggressive
$504.8K
NOI $25,242 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $22.80 |
| − Vacancy | −$10.8k | −$5.54 |
| EGI | $33.7k | $17.26 |
| − OpEx | −$8.4k | −$4.31 |
| NOI | $25.2k | $12.94 |
1,950 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$360.6K
$315.5K – $420.7K
NOI $25,242 @ 7.0% cap · market cap 5.05%
Second Best
Retail
$321.2K
$281.0K – $374.7K
NOI $22,482 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$547.6K
$479.2K – $638.9K
NOI $38,333 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- French Table Catering — 6526 SE Aspen St, Portland, OR 97222
- Mama B'Z Catering — 9721 SE Wichita Ave, Milwaukie, OR 97222
- A taste of heaven — 6416 SE Jack Rd, Milwaukie, OR 97222, United States
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6093923
- Latitude
- 45.4422646
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Commercial flex building in Southeast Portland's Brentwood-Darlington neighborhood.
Where is this flex space located?
The property is located at 75227524 SE 52nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Opportunity for a **17.6% levered IRR** through a $65,000 renovation and lease reset to market rates.; Significantly reduced property taxes resulting in approximately $3,500 annual tax burden post‑sale.; Immediate cash flow with an As‑Is NOI of $34,251 in Year 1 and a 1.18x DSCR.
