Mixed-Use Building with Streetfront
New
For Sale
$585,000
8536 SE STARK ST, Portland, OR 97216
Two commercial spaces share the property with a rear residence, off-street parking, and a garden area.
Property Size2,193 SF
Lot Size0.11 Acres
Price / SF$266.76
Days on Market3
Property Features for 8536 SE STARK ST
General Information
Standard status
Active
Size
2,193 SF
Lot size
0.11 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,160
Amenities
off-street parking
large garden area/backyard
Building Details
Building Size
2,193 SF
Year Built
1923
Listing Agency:
Constant Commercial Real Estate Inc
Listed By:
Cory Carlson · License #201226331
(503) 222-0282
Source:
Eleeterealestate
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:33PM
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 Constant Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
Built in 1923, this mixed-use property provides 2,193 SF above grade, along with a basement, on an approximately 0.11-acre lot. Two commercial spaces face the street, while a two-bedroom residence at the rear includes an upstairs loft and basement access. Off-street parking and a backyard garden area are also on site.
The property is in Portland’s Montavilla neighborhood, east of the Montavilla business district, with access to SE 82nd Ave and I-205. Current occupancy is under a month-to-month master lease.
The property is in Portland’s Montavilla neighborhood, east of the Montavilla business district, with access to SE 82nd Ave and I-205. Current occupancy is under a month-to-month master lease.
Key Highlights
- 2,193 SF above grade plus a basement
- Two street‑facing commercial spaces
- Rear two‑bedroom residence with upstairs loft and basement access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,606
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,120
$592.1K
Cap Rate 7%
$422,943
$422.9K
Cap Rate 9%
$328,956
$329.0K
Market Conditions
NOI Build-Up for 2,193 SF
Gross rent
$52.6K $24.00/SF
− Vacancy
−$5.3K −$2.40/SF
EGI
$47.4K $21.60/SF
− OpEx
−$17.8K −$8.10/SF
NOI
$29.6K $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%
$592,120
Cap Rate 7%
$422,943
Cap Rate 9%
$328,956
Alternative Uses
Best Use
Mixed Use
$422.9K
$370.1K – $493.4K
NOI $29,606 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$365.1K
$319.5K – $426.0K
NOI $25,559 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$615.8K
$538.9K – $718.5K
NOI $43,109 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces share the property with a rear residence, off-street parking, and a garden area.
Where is this mixed-use property located?
The property is located at 8536 SE STARK ST Portland, OR.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,193 SF above grade plus a basement; Two street‑facing commercial spaces; Rear two‑bedroom residence with upstairs loft and basement access
