Standalone Industrial
8223 N Decatur St Portland, OR 97203
For Sale
Contact for pricing
Standalone industrial building and sizable CM3-zoned lot for contractor operations and potential future development.
Property Size9,500 SF
Lot Size29,000.00 Acres
Price / SF$188.95
Days on Market51
Property Features for 8223 N Decatur St
General Information
- Standard status
- Active
- Size
- 9,500 SF
- Lot size
- 29,000.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing Agency:
Macadam Forbes
Listed By:
Tyler Dean · License #OR 200705002
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 10:48AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This offering includes a 9,500 SF standalone industrial building suited to a contractor with a small fleet and outdoor storage needs. The property is complemented by a 29,000 SF CM3-zoned lot, providing room for expansion or future development opportunities.
Located in the St. Johns neighborhood of Portland, the site also features dynamic views of the St. Johns Bridge. Access to Portland is convenient, with Interstate 5 approximately 4 miles away, supporting practical connectivity for goods movement and daily operations.
For tenants, buyers, or operators looking for an industrial base with outdoor storage capability, the combination of a dedicated building and a CM3-zoned lot can support current work needs while keeping options open. The configuration is particularly relevant for small fleet use where space for vehicles and materials matters, with additional land area available through the existing zoning for later plans.
Located in the St. Johns neighborhood of Portland, the site also features dynamic views of the St. Johns Bridge. Access to Portland is convenient, with Interstate 5 approximately 4 miles away, supporting practical connectivity for goods movement and daily operations.
For tenants, buyers, or operators looking for an industrial base with outdoor storage capability, the combination of a dedicated building and a CM3-zoned lot can support current work needs while keeping options open. The configuration is particularly relevant for small fleet use where space for vehicles and materials matters, with additional land area available through the existing zoning for later plans.
Key Highlights
- 9,500 SF standalone industrial building (built in 1975) for contractor operations and outdoor storage needs
- 29,000 SF lot zoned CM3 for future development
- Located in the St. Johns neighborhood of Portland with views of the St. Johns Bridge
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.2k | $9.60 |
| − Vacancy | −$6.0k | −$0.63 |
| EGI | $85.2k | $8.97 |
| − OpEx | −$12.8k | −$1.34 |
| NOI | $72.4k | $7.62 |
9,500 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.03M
$905.1K – $1.21M
NOI $72,404 @ 7.0% cap · market cap 4.03%
Second Best
Industrial
$851.8K
$745.3K – $993.8K
NOI $59,627 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,748 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Self Storage — 8195 n lombard st, portland, or 97203
- Northwest Self Storage — 8190 N Lombard St, Portland, OR 97203
- Stasher Luggage Storage — 7319 N John Ave, Portland, OR 97203
FAQs
What type of property is this?
Warehouse - Standalone industrial building and sizable CM3-zoned lot for contractor operations and potential future development.
Where is this warehouse located?
The property is located at 8223 N Decatur St Portland, OR.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 9,500 SF standalone industrial building (built in 1975) for contractor operations and outdoor storage needs; 29,000 SF lot zoned CM3 for future development; Located in the St. Johns neighborhood of Portland with views of the St. Johns Bridge
