Office Space on Division
For Sale
Contact for pricing
7656 SE Division St, Portland, OR
Office property with 3,093 square feet of space for sale.
Property Size3,093 SF
Lot Size0.27 Acres
Price / SF$289.36
Days on Market955
Property Features for 7656 SE Division St
General Information
Standard status
Active
Size
3,093 SF
Lot size
0.27 Acres
Property subtype
OFFICE
Listing Agency:
JLL | Portland
(503) 972-8608
Listed By:
John Lee
(503) 972-8608
Source:
Moodyscre
Added: Dec 21, 2023
Changed: Jul 6
Last Checked: Jul 21 at 4:06AM
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 JLL | Portland
Investment Insights
Based on property information with market context.
This commercial property, suitable for office space, is located on SE Division Street in Portland, Oregon. The property offers 3,093 square feet of space.
Key Highlights
- 3,093 square feet of office space available.
- Office property for sale.
- Property is an office.
Financial Insights For Office B
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 | $70.5k | $22.80 |
| − Vacancy | −$17.1k | −$5.54 |
| EGI | $53.4k | $17.26 |
| − OpEx | −$13.3k | −$4.31 |
| NOI | $40.0k | $12.94 |
3,093 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$572.0K
$500.5K – $667.3K
NOI $40,038 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$868.6K
$760.0K – $1.01M
NOI $60,801 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office property with 3,093 square feet of space for sale.
Where is this office units located?
The property is located at 7656 SE Division St Portland, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,093 square feet of office space available.; Office property for sale.; Property is an office.
