8075 SE 13TH AVE, Portland, OR 97214

Building Details

Building Size 12,647 SF More

Tenancy Multi More

Listing Agency: Northmarq

Listed By: Michael Kapnick · License OR #960500191 Show Phone

Source: Crexi

Added: Sep 23 Changed: Nov 9 Last Checked: Nov 12 at 6:26AM

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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

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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.

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 / Yr

$170,735

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,414,700 $3.4M

Cap Rate 7%

$2,439,071 $2.4M

Cap Rate 9%

$1,897,056 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,647 SF

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 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 (±1% cap)

NOI $170,735 @ 7.0% cap · market cap 5.17%

Second Best

Office B

$2.34M

$2.05M – $2.73M (±1% cap)

NOI $163,712 @ 7.0% cap · market cap 4.96%

Theoretical Best

Office A

$3.55M

$3.11M – $4.14M (±1% cap)

NOI $248,611 @ 7.0% cap · market cap 7.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Computer & Electronic Repair Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Average Price Trend$/SF for Mixed-use properties in Portland, OR

$303 Jul

$301 Aug

$301 Sep

$289 Oct

Properties on Market for Mixed-use properties in Portland

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Portland, OR

10.1% 2019

12.3% 2020

16.1% 2021

18.5% 2022

20.8% 2023

21.7% 2024

24.3% 2025

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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 $3,300,000.

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