Flex Space with Warehouse
For Sale
Contact for pricing
7736 NE Sandy Blvd, Portland, OR 97213
Flex property with office rooms, restroom, grade-level loading access, and a small on-site parking area.
Property Size4,938 SF
Lot Size0.16 Acres
Price / SF$120
Days on Market675
Property Features for 7736 NE Sandy Blvd
General Information
Standard status
Active
Size
4,938 SF
Lot size
0.16 Acres
Property subtype
FLEX_R_AND_D
Property Condition
Severity
Repairs Needed
Evidence
active leak
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Span
No
Drive-In Doors
1
Building Details
Buildings
1
Building Size
4,938 SF
Construction
cinderblock and wood frame
Listing Agency:
CBRE | Portland
(503) 221-4854
Listed By:
John Medak · License #931200267
(503) 221-4854
Source:
Moodyscre
Added: Oct 25, 2024
Changed: Aug 29
Last Checked: Aug 29 at 7:39PM
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
Investment Insights
Based on property information with market context.
This flex property includes a 4,938-square-foot building on a 7,006-square-foot lot. The improvements combine cinderblock and wood-frame construction beneath a built-up torch-down roof. Interior features include an open warehouse area, several office rooms, a restroom, and a hot water heater. A 5-ton gas pack provides heat to the warehouse, while the office area has electrical heating. Metal roof-support columns interrupt the warehouse floor, and the building’s ceiling height may limit certain uses. The roof has an active leak and is described as being in fair condition.
The property is located at 7736 NE Sandy Boulevard in Portland, with access to Sandy Boulevard and proximity to Highway 84 and Interstate 205. The land beside the building provides grade-level roll-up door access and a small parking area. County records identify the parcel as Block 12, comprising lots 1, 2, and 3.
The property is located at 7736 NE Sandy Boulevard in Portland, with access to Sandy Boulevard and proximity to Highway 84 and Interstate 205. The land beside the building provides grade-level roll-up door access and a small parking area. County records identify the parcel as Block 12, comprising lots 1, 2, and 3.
Key Highlights
- 4,938 SF building on a 7,006 SF lot
- 7736 NE Sandy Boulevard, Portland, OR 97213
- Proximity to Highway 84 and Interstate 205
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,960
$1.0M
Cap Rate 7%
$716,400
$716.4K
Cap Rate 9%
$557,200
$557.2K
Market Conditions
NOI Build-Up for 4,938 SF
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.
Gross rent
$83.0K $16.80/SF
− Vacancy
−$5.8K −$1.18/SF
EGI
$77.2K $15.62/SF
− OpEx
−$27.0K −$5.47/SF
NOI
$50.1K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,960
Cap Rate 7%
$716,400
Cap Rate 9%
$557,200
Alternative Uses
Best Use
Flex RnD
$716.4K
$626.9K – $835.8K
NOI $50,148 @ 7.0% cap · market cap 8.46%
Second Best
Warehouse
$537.6K
$470.4K – $627.3K
NOI $37,635 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,070 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property with office rooms, restroom, grade-level loading access, and a small on-site parking area.
Where is this flex space located?
The property is located at 7736 NE Sandy Blvd Portland, OR.
What is the asking price?
The asking price for this property is $592,560.
What are key features of this property?
This property features: 4,938 SF building on a 7,006 SF lot; 7736 NE Sandy Boulevard, Portland, OR 97213; Proximity to Highway 84 and Interstate 205
