Corner Retail and Office
For Sale
$950,000
828 Southeast 35th Avenue, Portland, OR 97214
Corner lot with off-street parking offering retail and office/mixed-use under current zoning allowances.
Property Size3,254 SF
Days on Market121
Property Features for 828 Southeast 35th Avenue
General Information
Standard status
Active
Size
3,254 SF
Property subtype
Mixed-Use
Site & Location
Neighborhood
Sunnyside
Building Details
Building Size
3,254 SF
Listing Agency:
Capacity Commercial Group
Listed By:
Jim Wierson II · License #201217195
(503) 969-9596
Source:
Capacitycommercial
Added: Jun 25
Changed: Oct 15
Last Checked: Oct 23 at 4:52AM
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 Capacity Commercial Group
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Investment Insights
Based on property information with market context.
This mixed-use property provides retail and office space on a corner lot, with zoning that allows for retail, office, mixed use, and additional uses. The site includes off-street parking, supporting convenient access for customers and staff.
The property is located at 828 Southeast 35th Avenue in Portland, Oregon, and is positioned as a corner lot configuration. Zoned for retail and office uses, it is suited for tenants seeking a flexible commercial setup.
With its combination of retail and office/mixed-use zoning approvals and off-street parking, the property offers multiple space planning options within the existing use allowances.
The property is located at 828 Southeast 35th Avenue in Portland, Oregon, and is positioned as a corner lot configuration. Zoned for retail and office uses, it is suited for tenants seeking a flexible commercial setup.
With its combination of retail and office/mixed-use zoning approvals and off-street parking, the property offers multiple space planning options within the existing use allowances.
Key Highlights
- Corner lot with off‑street parking
- Current zoning allows retail, office, and mixed‑use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,122
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,440
$842.4K
Cap Rate 7%
$601,743
$601.7K
Cap Rate 9%
$468,022
$468.0K
Market Conditions
NOI Build-Up for 3,254 SF
Gross rent
$74.2K $22.80/SF
− Vacancy
−$18.0K −$5.54/SF
EGI
$56.2K $17.26/SF
− OpEx
−$14.0K −$4.31/SF
NOI
$42.1K $12.94/SF
Area
Portland, OR
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%
$842,440
Cap Rate 7%
$601,743
Cap Rate 9%
$468,022
Alternative Uses
Best Use
Office B
$601.7K
$526.5K – $702.0K
NOI $42,122 @ 7.0% cap · market cap 4.43%
Second Best
Retail
$541.8K
$474.1K – $632.1K
NOI $37,925 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$913.8K
$799.6K – $1.07M
NOI $63,966 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Retail space - Corner lot with off-street parking offering retail and office/mixed-use under current zoning allowances.
Where is this retail space located?
The property is located at 828 Southeast 35th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Corner lot with off‑street parking; Current zoning allows retail, office, and mixed‑use
