St. Johns Net Leased
8525 N LOMBARD Portland, OR 97203
For Sale
$1,200,000
Net leased investment opportunity in St. Johns neighborhood, Portland.
Property Size7,260 SF
Price / SF$165.29
Days on Market100
Property Features for 8525 N LOMBARD
General Information
- Standard status
- Active
- Size
- 7,260 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing Agency:
HANNA NETWORK
(503) 774-8893
Listed By:
DONALD HANNA
Source:
Corcoran
Added: Apr 16
Changed: Jul 10
Last Checked: Jul 23 at 6:57AM
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 HANNA NETWORK
Investment Insights
Based on property information with market context.
This commercial property, located in the St. Johns area of Portland, presents a net leased investment opportunity. The building includes leased storefront and office spaces. The property has a total size of 7,260 square feet. The main floor has 1,600 square feet of vacant space, in addition to some vacant second-floor office spaces. The property does not include the lot behind the building. An opportunity exists to own the adjoining building at 8535-39 N Lombard.
Key Highlights
- Rare net leased investment opportunity.
- Strong Proforma CAP rate over 8%.
- Quality tenants and leases in place.
Financial Insights For Retail
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 | $130.7k | $18.00 |
| − Vacancy | −$9.8k | −$1.35 |
| EGI | $120.9k | $16.65 |
| − OpEx | −$36.3k | −$5.00 |
| NOI | $84.6k | $11.66 |
7,260 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,615 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,715 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Natalie Burke, LMT
Alternative Medicine Practice
Similar Off Market Nearby
- St John's Flower Shop — 7810 N Lombard St, Portland, OR 97203
- St. John’s Flower Shop — 7810 N Lombard St, Portland, OR 97203
FAQs
What type of property is this?
Storefront property - Net leased investment opportunity in St. Johns neighborhood, Portland.
Where is this storefront property located?
The property is located at 8525 N LOMBARD Portland, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare net leased investment opportunity.; Strong Proforma CAP rate **over 8%**.; Quality tenants and leases in place.
