Freestanding Office/Retail with
8729 SE POWELL Portland, OR 97266
New
For Sale
$580,000
Freestanding small office/retail property currently configured with offices and storage plus on-site parking near SE Powell Blvd.
Property Size2,061 SF
Price / SF$281.42
Days on Market6
Property Features for 8729 SE POWELL
General Information
- Standard status
- Active
- Size
- 2,061 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency:
MORE REALTY
(503) 353-6673
Listed By:
SIMON WONG · License #199910117
Source:
Corcoran
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 24 at 8:55AM
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 MORE REALTY
Investment Insights
Based on property information with market context.
Freestanding small office/retail property with on-site parking. The interior is currently set up with offices and storage and is being used as a CPA office. The property has a prior history of retail and restaurant use, with the existing configuration supporting office-based tenants.
Located at 8729 SE Powell in Portland, OR, the property is on busy SE Powell Blvd. It is across from the DMV on SE 87th Ave and offers easy freeway access, with Eastport Plaza nearby.
The current layout centers on office and storage space, presenting a straightforward fit for professional services or other office users seeking a small standalone building with parking.
Located at 8729 SE Powell in Portland, OR, the property is on busy SE Powell Blvd. It is across from the DMV on SE 87th Ave and offers easy freeway access, with Eastport Plaza nearby.
The current layout centers on office and storage space, presenting a straightforward fit for professional services or other office users seeking a small standalone building with parking.
Key Highlights
- Freestanding small office/retail property with on‑site parking
- Built in 1925
- Currently configured with offices and storage
Financial Insights For Office B
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 | $47.0k | $22.80 |
| − Vacancy | −$11.4k | −$5.54 |
| EGI | $35.6k | $17.26 |
| − OpEx | −$8.9k | −$4.31 |
| NOI | $26.7k | $12.94 |
2,061 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$381.1K
$333.5K – $444.7K
NOI $26,679 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.8K
$506.4K – $675.3K
NOI $40,515 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hummingbird CPA PC
Accounting Firm
FAQs
What type of property is this?
Office building - Freestanding small office/retail property currently configured with offices and storage plus on-site parking near SE Powell Blvd.
Where is this office building located?
The property is located at 8729 SE POWELL Portland, OR.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Freestanding small office/retail property with on‑site parking; Built in 1925; Currently configured with offices and storage
