Mixed-Use Property with Excess
For Sale
Contact for pricing
8416-8426 N Lombard St, Portland, OR 97203
Flexible commercial asset combining an existing building with additional land for varied business and community-oriented uses.
Property Size5,000 SF
Price / SF$199
Days on Market71
Property Features for 8416-8426 N Lombard St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Listing Agency:
Apex Real Estate Partners
(503) 595-2840
Listed By:
Jordan Fezler · License #201225534
(503) 313-8149
Source:
Moodyscre
Added: Aug 10
Changed: Oct 11
Last Checked: Oct 19 at 7:17AM
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 Apex Real Estate Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 5,000-square-foot building and 10,000 square feet of commercial mixed-use land along N Lombard St. The combination of enclosed space and adjoining land supports a range of configurations, including retail, office, food and beverage, recreation, studio, and childcare concepts identified for the site.
The property is in Portland’s St. Johns neighborhood, near the district’s restaurants, pubs, breweries, coffee shops, and other retailers. Access to freeways and public transit is available, while the Willamette River and nearby parks provide additional surrounding amenities. The site’s building-and-land format offers flexibility for an owner-user, operator, or purchaser evaluating multiple commercial layouts.
The property is in Portland’s St. Johns neighborhood, near the district’s restaurants, pubs, breweries, coffee shops, and other retailers. Access to freeways and public transit is available, while the Willamette River and nearby parks provide additional surrounding amenities. The site’s building-and-land format offers flexibility for an owner-user, operator, or purchaser evaluating multiple commercial layouts.
Key Highlights
- 5,000 SF building with 10,000 SF of commercial mixed‑use land
- Property fronts N Lombard St in Portland’s St. Johns neighborhood
- Potential concepts identified include retail, office, food and beverage, studios, childcare, and recreation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,500
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,000
$1.4M
Cap Rate 7%
$964,286
$964.3K
Cap Rate 9%
$750,000
$750.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$120.0K $24.00/SF
− Vacancy
−$12.0K −$2.40/SF
EGI
$108.0K $21.60/SF
− OpEx
−$40.5K −$8.10/SF
NOI
$67.5K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,000
Cap Rate 7%
$964,286
Cap Rate 9%
$750,000
Alternative Uses
Best Use
Mixed Use
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,289 @ 7.0% cap · market cap 9.88%
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
1,006
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial asset combining an existing building with additional land for varied business and community-oriented uses.
Where is this mixed-use property located?
The property is located at 8416-8426 N Lombard St Portland, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,000 SF building with 10,000 SF of commercial mixed‑use land; Property fronts N Lombard St in Portland’s St. Johns neighborhood; Potential concepts identified include retail, office, food and beverage, studios, childcare, and recreation
