Converted Office Building with Mahogany
New
For Sale
$525,000
8040 SE Center ST, Portland, OR 97206
Three private offices and a conference room support a range of professional office functions.
Property Size3,122 SF
Price / SF$168.16
Days on Market4
Property Features for 8040 SE Center ST
General Information
Standard status
Active
Size
3,122 SF
Property subtype
Commercial
Amenities
wood fireplace
conference room
kitchen
partially finished basement
fenced backyard with patio
Building Details
Year Built
1930
Listing Agency:
Homesmart Realty Group
Listed By:
Donna Roberts
(360) 844-3142
Source:
Donnarobertsgroup
Added: Oct 16
Last Checked: Oct 19 at 7:28AM
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 Homesmart Realty Group
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Investment Insights
Based on property information with market context.
This 3,122-square-foot office building combines a reception and sitting area with three private offices and a conference room accessed through French doors. The main level also includes a kitchen and full bathroom. Coved ceilings, cathedral-style windows, African mahogany finishes, and a wood fireplace with original ceramic tile details distinguish the interior. A four-line phone system and Ethernet wiring are in place.
The partially finished basement adds space for storage or recreation and includes an unfinished bathroom. Outside, the fenced backyard has a patio. Built in 1930, the property is located just off SE 82nd Avenue in Portland, behind Meals on Wheels, with restaurants, shops, and businesses nearby.
The partially finished basement adds space for storage or recreation and includes an unfinished bathroom. Outside, the fenced backyard has a patio. Built in 1930, the property is located just off SE 82nd Avenue in Portland, behind Meals on Wheels, with restaurants, shops, and businesses nearby.
Key Highlights
- 3,122‑square‑foot office building built in 1930
- Three private offices, conference room, reception and sitting area
- Main level includes a kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,413
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,260
$808.3K
Cap Rate 7%
$577,329
$577.3K
Cap Rate 9%
$449,033
$449.0K
Market Conditions
NOI Build-Up for 3,122 SF
Gross rent
$71.2K $22.80/SF
− Vacancy
−$17.3K −$5.54/SF
EGI
$53.9K $17.26/SF
− OpEx
−$13.5K −$4.31/SF
NOI
$40.4K $12.94/SF
Area
ZIP 97206
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,260
Cap Rate 7%
$577,329
Cap Rate 9%
$449,033
Alternative Uses
Best Use
Office B
$577.3K
$505.2K – $673.6K
NOI $40,413 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$876.7K
$767.1K – $1.02M
NOI $61,371 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - Three private offices and a conference room support a range of professional office functions.
Where is this office building located?
The property is located at 8040 SE Center ST Portland, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,122‑square‑foot office building built in 1930; Three private offices, conference room, reception and sitting area; Main level includes a kitchen and full bathroom
