Single-Story Office
For Sale
$2,300,000
8129 SE Malden St, Portland, OR 97206
ADA-compliant office property with updated building systems, security improvements, and a fenced site.
Property Size13,440 SF
Lot Size1.08 Acres
Price / SF$171.13
Days on Market49
Property Features for 8129 SE Malden St
General Information
Standard status
Active
Size
13,440 SF
Lot size
1.08 Acres
Property subtype
Office
Additional Details
Cap Rate
9.84%
Amenities
ADA-compliant layout
secure fenced site
25+ Years of Government Occupancy: Purpose-built and occupied by the Oregon Department of Human Services since construction, demonstrating long-term institutional functionality.
Turnkey Building Improvements: New roof (2025), HVAC system (2024), and security camera upgrades reduce immediate capital expenditures.
Flexible Occupancy Options: Vacant possession creates an opportunity for immediate owner-user occupancy or lease-up to a long-term tenant.
Functional Institutional Design: Single-story, ADA-compliant layout with a secure fenced site and a 4.84/1,000 SF parking ratio supports a wide variety of office and service users.
Stable Replacement Demand: Well positioned for government agencies, healthcare providers, nonprofits, behavioral health groups, educational organizations, and adult care operators seeking functional operations
Building Details
Building Size
13,440 SF
Year Built
1999
Buildings
1
Stories
1
Listing Agency:
Portland Office
(503) 200-2000
Listed By:
Demetri Garifalakis · License #WA: 25009651
(503) 200-2067
Source:
Marcusmillichap
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 20 at 5:13PM
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 Portland Office
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Investment Insights
Based on property information with market context.
This single-story office building contains 13,440 square feet on a 1.08-acre parcel in Southeast Portland. The property features an ADA-compliant layout, a secure fenced site, and parking. Recent capital work includes replacement of the roof and HVAC system, along with security upgrades.
The building at 8129 SE Malden St was occupied by the Oregon Department of Human Services for more than 25 years. Its prior institutional use and existing configuration support consideration by government, healthcare, nonprofit, educational, and other service-oriented organizations. The property is offered for sale.
The building at 8129 SE Malden St was occupied by the Oregon Department of Human Services for more than 25 years. Its prior institutional use and existing configuration support consideration by government, healthcare, nonprofit, educational, and other service-oriented organizations. The property is offered for sale.
Key Highlights
- 13,440‑square‑foot single‑story office building
- Located on 1.08 acres in Southeast Portland
- ADA‑compliant layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,977
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,479,540
$3.5M
Cap Rate 7%
$2,485,386
$2.5M
Cap Rate 9%
$1,933,078
$1.9M
Market Conditions
NOI Build-Up for 13,440 SF
Gross rent
$306.4K $22.80/SF
− Vacancy
−$74.5K −$5.54/SF
EGI
$232.0K $17.26/SF
− OpEx
−$58.0K −$4.31/SF
NOI
$174.0K $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%
$3,479,540
Cap Rate 7%
$2,485,386
Cap Rate 9%
$1,933,078
Alternative Uses
Best Use
Office B
$2.49M
$2.17M – $2.90M
NOI $173,977 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,200 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
557
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
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - ADA-compliant office property with updated building systems, security improvements, and a fenced site.
Where is this office building located?
The property is located at 8129 SE Malden St Portland, OR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 13,440‑square‑foot single‑story office building; Located on 1.08 acres in Southeast Portland; ADA‑compliant layout
