Freestanding Office/Retail with
For Sale
$580,000
Pending
8729 SE POWELL BLVD, Portland, OR 97266
Freestanding small office/retail property currently configured with offices and storage plus on-site parking near SE Powell Blvd.
Property Size2,061 SF
Days on Market51
Property Features for 8729 SE POWELL BLVD
General Information
Standard status
Pending
Size
2,061 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,492
Building Details
Building Size
2,061 SF
Year Built
1925
Listing Agency:
MORE Realty
Listed By:
Simon Wong · License #199910117
(503) 804-2480
Source:
Eleeterealestate
Added: Jul 20
Changed: Aug 25
Last Checked: Sep 7 at 10:02AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,580
$533.6K
Cap Rate 7%
$381,129
$381.1K
Cap Rate 9%
$296,433
$296.4K
Market Conditions
NOI Build-Up for 2,061 SF
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.
Gross rent
$47.0K $22.80/SF
− Vacancy
−$11.4K −$5.54/SF
EGI
$35.6K $17.26/SF
− OpEx
−$8.9K −$4.31/SF
NOI
$26.7K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,580
Cap Rate 7%
$381,129
Cap Rate 9%
$296,433
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
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 Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
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 BLVD 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
