Mixed-Use Building with
New
For Sale
Contact for pricing
8075 SE 13TH AVE, Portland, OR 97214
Occupied retail and office suites make up the commercial space; remaining vacancy is confined to storage.
Property Size12,647 SF
Price / SF$237.21
Days on Market5
Property Features for 8075 SE 13TH AVE
General Information
Standard status
Active
Size
12,647 SF
Total Parking Spaces
23
Property subtype
Retail, Office
Zoning
CM2
Occupancy
83%
Building Details
Building Size
12,647 SF
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Michael Kapnick · License #OR 960500191
(503) 952-0700
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:29PM
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
Investment Insights
Based on property information with market context.
The 12,647-square-foot mixed-use property contains retail and office suites, all of which are occupied. Vacant space is limited to storage, and overall occupancy is 83%. The building also has approximately 23 on-site parking spaces and CM2 zoning.
At SE 13th Avenue and Tacoma Street in Portland’s Sellwood neighborhood, the property fronts a neighborhood retail corridor. Restaurants, shops, and neighborhood services are nearby. SE Tacoma Street and SE 13th Avenue together carry more than 25,800 vehicles per day.
At SE 13th Avenue and Tacoma Street in Portland’s Sellwood neighborhood, the property fronts a neighborhood retail corridor. Restaurants, shops, and neighborhood services are nearby. SE Tacoma Street and SE 13th Avenue together carry more than 25,800 vehicles per day.
Key Highlights
- 12,647‑square‑foot mixed‑use property with retail and office suites
- Retail and office suites are fully occupied; overall occupancy is 83%
- Approximately 23 on‑site parking spaces
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
$170,735
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
5.69%
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%
$3,414,700
$3.4M
Cap Rate 7%
$2,439,071
$2.4M
Cap Rate 9%
$1,897,056
$1.9M
Market Conditions
NOI Build-Up for 12,647 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
$303.5K $24.00/SF
− Vacancy
−$30.4K −$2.40/SF
EGI
$273.2K $21.60/SF
− OpEx
−$102.4K −$8.10/SF
NOI
$170.7K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,414,700
Cap Rate 7%
$2,439,071
Cap Rate 9%
$1,897,056
Alternative Uses
Best Use
Mixed Use
$2.44M
$2.13M – $2.85M
NOI $170,735 @ 7.0% cap · market cap 5.69%
Second Best
Office B
$2.34M
$2.05M – $2.73M
NOI $163,712 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,611 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
83%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied retail and office suites make up the commercial space; remaining vacancy is confined to storage.
Where is this mixed-use property located?
The property is located at 8075 SE 13TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 12,647‑square‑foot mixed‑use property with retail and office suites; Retail and office suites are fully occupied; overall occupancy is 83%; Approximately 23 on‑site parking spaces
