Standalone Industrial
For Sale
Contact for pricing
8223 N Decatur St, Portland, OR 97203
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 Market152
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
Zoning
CM3
Site & Location
Neighborhood
Cathedral Park
Highway Access
Yes
Building Details
Year Built
1975
Tenancy
Single
Listing Agency:
Macadam Forbes
Listed By:
Tyler Dean · License #OR 200705002
(503) 972-7278
Source:
Crexi
Added: Jun 3
Changed: Oct 31
Last Checked: Nov 1 at 4:12AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$72,404
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,080
$1.4M
Cap Rate 7%
$1,034,343
$1.0M
Cap Rate 9%
$804,489
$804.5K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$91.2K $9.60/SF
− Vacancy
−$6.0K −$0.63/SF
EGI
$85.2K $8.97/SF
− OpEx
−$12.8K −$1.34/SF
NOI
$72.4K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,080
Cap Rate 7%
$1,034,343
Cap Rate 9%
$804,489
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 authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Portland, OR
Similar Off Market Nearby
- Stasher Luggage Storage — 7319 N John Ave, Portland, OR 97203
- Self Storage — 8195 n lombard st, portland, or 97203
- Northwest Self Storage — 8190 N Lombard St, Portland, OR 97203
Frequently Asked Questions
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
