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Building Details

Building Size 2,768 SF

Year Built 1948

Listing Agency: Kelly Right Real Estate of Portland, LLC

Listed By: Youssef Fransis Show Phone

Source: Eleeterealestate

Added: Jul 9 Changed: Sep 30 Last Checked: Oct 15 at 6:27AM

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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 Kelly Right Real Estate of Portland, LLC

Investment Insights

Based on property information with market context.

This 2,768-square-foot auto body shop occupies a fenced 0.19-acre corner site and includes the real estate, operating business, and equipment. A new paint booth was professionally installed, with additional tools and equipment for painting, welding, and framing. The property was built in 1948 and is zoned CM2.

Located at the corner of SE Foster Road and 87th Avenue, the site is near the 205 freeway. The secured lot can accommodate over 8 average-size vehicles, with additional parking available on the street and driveway. The combination of an established automotive operation, specialized equipment, and on-site parking supports continued auto body use.

Key Highlights

• 2,768‑square‑foot auto body shop on a fenced 0.19‑acre lot
• Real estate, business, and equipment included in the sale
• New professionally installed paint booth

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,261

Cap Rate

4.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$645,220 $645.2K

Cap Rate 7%

$460,871 $460.9K

Cap Rate 9%

$358,456 $358.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,768 SF

Gross rent

$49.8K $18.00/SF

− Vacancy

−$3.7K −$1.35/SF

EGI

$46.1K $16.65/SF

− OpEx

−$13.8K −$5.00/SF

NOI

$32.3K $11.66/SF

Area

Portland, OR

Vacancy

7.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$645,220

Cap Rate 7%

$460,871

Cap Rate 9%

$358,456

Alternative Uses

Best Use

Retail

$460.9K

$403.3K – $537.7K (±1% cap)

NOI $32,261 @ 7.0% cap · market cap 4.03%

Second Best

Industrial

$248.2K

$217.2K – $289.6K (±1% cap)

NOI $17,373 @ 7.0% cap · market cap 2.17%

Theoretical Best

Office A

$777.3K

$680.2K – $906.9K (±1% cap)

NOI $54,413 @ 7.0% cap · market cap 6.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Lami body repair ... Auto Repair Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Barber Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

788

Businesses Nearby

Well-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 Retail in Portland, OR

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - CM2-zoned automotive property includes business operations, a professionally installed paint booth, and painting, welding, and framing equipment.

Where is this auto shop located?

The property is located at 8705 SE FOSTER RD Portland, OR.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: 2,768‑square‑foot auto body shop on a fenced 0.19‑acre lot; Real estate, business, and equipment included in the sale; New professionally installed paint booth