Commercial Storefront
For Sale
$739,000
7981 SE 17TH Ave, Portland, OR 97202
CommercialSale, Portland, OR
Property Size3,654 SF
Lot Size0.14 Acres
Price / SF$202.24
Days on Market500
Property Features for 7981 SE 17TH Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
cm2
Directions
SE 17th and SE Milwaukie
Subdivision
_142
Standard status
Active
APN
R267525
Size
3,654 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
SELLWOOD, BLOCK 73, LOT 2-4 TL 4700
Tax Annual Amount
6114
Legal Description
SELLWOOD, BLOCK 73, LOT 2-4 TL 4700
Building Details
Year built
1929
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Tod Breslau
(503) 740-4888
Added: Apr 14, 2025
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 381934880
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial storefront property contains 3,654 square feet on a 0.14-acre parcel. The building was constructed in 1929 and carries CM2 zoning, providing a defined commercial land-use designation for the asset.
The property is located at 7981 SE 17th Ave in Portland’s Sellwood area, within Multnomah County and postal code 97202. Its setting places the storefront within a named Portland neighborhood identified in the property information.
The property is located at 7981 SE 17th Ave in Portland’s Sellwood area, within Multnomah County and postal code 97202. Its setting places the storefront within a named Portland neighborhood identified in the property information.
Key Highlights
- 3,654‑square‑foot commercial storefront property
- 0.14‑acre parcel
- CM2 zoning
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
$51,105
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
6.92%
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%
$1,022,100
$1.0M
Cap Rate 7%
$730,071
$730.1K
Cap Rate 9%
$567,833
$567.8K
Market Conditions
NOI Build-Up for 3,654 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
$78.9K $21.60/SF
− Vacancy
−$5.9K −$1.62/SF
EGI
$73.0K $19.98/SF
− OpEx
−$21.9K −$5.99/SF
NOI
$51.1K $13.99/SF
Area
ZIP 97202
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,022,100
Cap Rate 7%
$730,071
Cap Rate 9%
$567,833
Alternative Uses
Best Use
Retail
$730.1K
$638.8K – $851.8K
NOI $51,105 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$871.7K
$762.8K – $1.02M
NOI $61,022 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - CM2-zoned commercial property in Portland’s Sellwood area.
Where is this storefront property located?
The property is located at 7981 SE 17TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 3,654‑square‑foot commercial storefront property; 0.14‑acre parcel; CM2 zoning
