Flex Space with
7712 NE Sandy Blvd, Portland, OR 97213
For Sale
Contact for pricing
Single-level commercial space combining showroom, office, storage, warehouse, restroom, and break-area functions.
Property Size3,089 SF
Price / SF$165
Days on Market98
Property Features for 7712 NE Sandy Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
CBRE | Portland
(503) 221-1900
Listed By:
John Medak
(503) 221-4854
Source:
Moodyscre
Added: Aug 6
Changed: Aug 24
Last Checked: Nov 10 at 5:32AM
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 CBRE | Portland
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Investment Insights
Based on property information with market context.
This single-level flex property includes approximately 3,089 square feet of building area on an approximately 8,571-square-foot lot. The interior configuration combines a showroom with back office, storage and warehouse areas, a restroom, and a break area. Commercial storefront windows, painted concrete and wood surfaces, wood frame and tile siding, and elevated ceiling volume bring natural light into the space. An outdoor courtyard is accessible from the southeast side, while a grade-level loading door is present but not currently in use.
The property fronts NE Sandy Boulevard in Portland and is near Highway 84 and Interstate 205. The adjacent lot provides parking. County records identify the parcel as Block 12 and indicate CM2 zoning, described as general commercial with multiple permitted use categories. The exterior is reported in fair condition, with fresh paint identified as a potential upgrade.
The property fronts NE Sandy Boulevard in Portland and is near Highway 84 and Interstate 205. The adjacent lot provides parking. County records identify the parcel as Block 12 and indicate CM2 zoning, described as general commercial with multiple permitted use categories. The exterior is reported in fair condition, with fresh paint identified as a potential upgrade.
Key Highlights
- Approximately 3,089 square feet of building area
- Approximately 8,571 square feet of lot area
- CM2 zoning identified in county records
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,002
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,040
$720.0K
Cap Rate 7%
$514,314
$514.3K
Cap Rate 9%
$400,022
$400.0K
Market Conditions
NOI Build-Up for 3,089 SF
Gross rent
$55.6K $18.00/SF
− Vacancy
−$4.2K −$1.35/SF
EGI
$51.4K $16.65/SF
− OpEx
−$15.4K −$5.00/SF
NOI
$36.0K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,040
Cap Rate 7%
$514,314
Cap Rate 9%
$400,022
Alternative Uses
Best Use
Retail
$514.3K
$450.0K – $600.0K
NOI $36,002 @ 7.0% cap · market cap 7.06%
Second Best
Flex RnD
$448.2K
$392.1K – $522.9K
NOI $31,371 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$867.5K
$759.0K – $1.01M
NOI $60,723 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Under-served
Demand for This Use
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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
$609,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Portland, OR
Properties on Market for Flex space in Portland
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Flex space - Single-level commercial space combining showroom, office, storage, warehouse, restroom, and break-area functions.
Where is this flex space located?
The property is located at 7712 NE Sandy Blvd Portland, OR.
What is the asking price?
The asking price for this property is $509,685.
What are key features of this property?
This property features: Approximately 3,089 square feet of building area; Approximately 8,571 square feet of lot area; CM2 zoning identified in county records
