Two-Story Warehouse with Flex
For Sale
Contact for pricing
8409 SE Woodstock Blvd, Portland, OR 97266
Two-story warehouse with 5,300 SF available and flexible layout potential on a 6,700 SF lot.
Property Size5,300 SF
Lot Size0.15 Acres
Price / SF$75.47
Days on Market140
Property Features for 8409 SE Woodstock Blvd
General Information
Standard status
Active
Size
5,300 SF
Lot size
0.15 Acres
Property subtype
OFFICE
Zoning
CM2
Building Details
Stories
2
Listing Agency:
Capacity Commercial Group
(503) 222-2248
Listed By:
Stephen Ossey · License ##841200041
(503) 816-2047
Source:
Moodyscre
Added: Mar 26
Changed: Jul 26
Last Checked: Jul 26 at 6:12PM
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
Investment Insights
Based on property information with market context.
This two-story warehouse offers 5,300 SF of available space with a flexible layout potential. The property sits on a 6,700 SF lot and is available now. It was formerly home to Standard TV & Appliance’s original warehouse, making it well-suited for continued warehouse or reconfigured uses within the existing structure.
Zoned CM2, the property permits a wide array of uses, including automotive-related uses. Located at 8409 SE Woodstock Blvd in Portland, Oregon, the building provides a compact footprint with room for an owner-user to tailor the space around their specific operational needs.
Available for sale, the offering is positioned as an owner-user option looking for an affordable base for long-term use in a flexible, zoning-supported warehouse setting.
Zoned CM2, the property permits a wide array of uses, including automotive-related uses. Located at 8409 SE Woodstock Blvd in Portland, Oregon, the building provides a compact footprint with room for an owner-user to tailor the space around their specific operational needs.
Available for sale, the offering is positioned as an owner-user option looking for an affordable base for long-term use in a flexible, zoning-supported warehouse setting.
Key Highlights
- 5,300 SF available within a 6,700 SF lot
- Two‑story warehouse with flexible layout potential
- Available now
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,265
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,300
$665.3K
Cap Rate 7%
$475,214
$475.2K
Cap Rate 9%
$369,611
$369.6K
Market Conditions
NOI Build-Up for 5,300 SF
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.
Gross rent
$50.9K $9.60/SF
− Vacancy
−$3.4K −$0.63/SF
EGI
$47.5K $8.97/SF
− OpEx
−$14.3K −$2.69/SF
NOI
$33.3K $6.28/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,300
Cap Rate 7%
$475,214
Cap Rate 9%
$369,611
Alternative Uses
Best Use
Flex RnD
$768.9K
$672.8K – $897.1K
NOI $53,825 @ 7.0% cap · market cap 13.46%
Second Best
Warehouse
$577.1K
$504.9K – $673.2K
NOI $40,394 @ 7.0% cap · market cap 10.10%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,186 @ 7.0% cap · market cap 26.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 7402 SE 92nd Ave, Portland, OR 97266
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- Brian Self Storage Units — 5002 SE 70th Ave, Portland, OR 97206
Frequently Asked Questions
What type of property is this?
Warehouse - Two-story warehouse with 5,300 SF available and flexible layout potential on a 6,700 SF lot.
Where is this warehouse located?
The property is located at 8409 SE Woodstock Blvd Portland, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 5,300 SF available within a 6,700 SF lot; Two‑story warehouse with flexible layout potential; Available now
