Multnomah Village Investment
For Sale
Contact for pricing
7843-7845 SW Capitol Hwy, Portland, OR
Prime location with value-add potential in high-demand Portland neighborhood.
Property Size8,396 SF
Lot Size0.14 Acres
Price / SF$213.20
Days on Market315
Property Features for 7843-7845 SW Capitol Hwy
General Information
Standard status
Active
Size
8,396 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency:
Northmarq | Lake Oswego
(503) 887-1233
Listed By:
Michael Kapnick · License #960500191
Source:
Moodyscre
Added: Sep 22, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:36AM
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 Northmarq | Lake Oswego
Investment Insights
Based on property information with market context.
Located in the high-demand Portland neighborhood of Multnomah Village, this property offers a prime investment opportunity. The location benefits from a dense residential area with over 110,000 people within a 3-mile radius and affluent demographics, including an average household income of over $169,000 within a 1.5-mile radius. The property is situated in a walkable location near restaurants, retail, parks, and community amenities, with strong connectivity via SW Multnomah Blvd to I-5 & Hwy 99W, which sees over 130,000 vehicles per day combined. Over 1,300 new multifamily units have been built nearby since 2022, with an occupancy rate exceeding 91%. The property features small-format suites, averaging 400 square feet, which meet growing demand and reduce leasing risk. The property is 96% occupied at below-market rents, offering strong value-add potential. One-third of the gross leasable area has been occupied by long-term tenants for over 10 years. The flexible zoning allows for retail, office, and residential uses. The property is located in an exceptionally tight office submarket with less than 1% vacancy.
Key Highlights
- High‑demand location in Multnomah Village.
- Strong value‑add potential due to below‑market rents and 96% occupancy.
- Exceptionally tight office submarket with <1% vacancy.
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 | $191.4k | $22.80 |
| − Vacancy | −$46.5k | −$5.54 |
| EGI | $144.9k | $17.26 |
| − OpEx | −$36.2k | −$4.31 |
| NOI | $108.7k | $12.94 |
8,396 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,684 @ 7.0% cap · market cap 6.07%
Second Best
Retail
$1.40M
$1.22M – $1.63M
NOI $97,855 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,046 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Prime location with value-add potential in high-demand Portland neighborhood.
Where is this retail space located?
The property is located at 7843-7845 SW Capitol Hwy Portland, OR.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: High‑demand location in Multnomah Village.; Strong value‑add potential due to below‑market rents and 96% occupancy.; Exceptionally tight office submarket with
