St. Johns Net Leased
For Sale
$1,725,000
8535 N LOMBARD, Portland, OR 97203
Net leased investment opportunity in the heart of St. Johns.
Property Size8,600 SF
Price / SF$200.58
Days on Market109
Property Features for 8535 N LOMBARD
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Commercial
Building Details
Year Built
1907
Listing Agency:
HANNA NETWORK
(503) 774-8893
Listed By:
DONALD HANNA
Source:
Corcoran
Added: Apr 16
Changed: Jul 10
Last Checked: Aug 2 at 8:53AM
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, presents a net leased investment opportunity. The property includes some leased second-floor office spaces. There is potential for upside by finishing the currently unfinished second floor. A parking lot is included behind the building. The property has a size of 8600 square feet.
Key Highlights
- Strong proforma CAP rate over 8%
- Rare net leased investment opportunity
- 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 | $154.8k | $18.00 |
| − Vacancy | −$11.6k | −$1.35 |
| EGI | $143.2k | $16.65 |
| − OpEx | −$43.0k | −$5.00 |
| NOI | $100.2k | $11.66 |
8,600 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,233 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,056 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Storefront property - Net leased investment opportunity in the heart of St. Johns.
Where is this storefront property located?
The property is located at 8535 N LOMBARD Portland, OR.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Strong proforma CAP rate over 8%; Rare net leased investment opportunity; Quality tenants and leases in place
