Sandy Blvd Automotive Repair
8850 NE Sandy Blvd, Portland, OR 97220
For Sale
Contact for pricing
Retail or industrial property with street exposure on Sandy Blvd.
Property Size3,200 SF
Price / SF$296.88
Days on Market2266
Property Features for 8850 NE Sandy Blvd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Macadam Forbes
Listed By:
Clayton Madey · License OR #201727196
(503) 972-7277
Source:
Crexi
Added: Aug 31, 2020
Changed: Nov 11
Last Checked: Nov 12 at 6:29AM
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 Macadam Forbes
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Investment Insights
Based on property information with market context.
This property presents an opportunity for a retail or industrial user seeking street exposure on Sandy Boulevard. Currently configured as an automotive repair shop, it is ready for immediate use. The flexible zoning also allows for a variety of development opportunities. The property size is 3200 square feet.
Key Highlights
- Significant street exposure on Sandy Blvd.
- Plug‑and‑play automotive repair shop.
- Flexible zoning.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,296
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,920
$745.9K
Cap Rate 7%
$532,800
$532.8K
Cap Rate 9%
$414,400
$414.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$53.3K $16.65/SF
− OpEx
−$16.0K −$5.00/SF
NOI
$37.3K $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%
$745,920
Cap Rate 7%
$532,800
Cap Rate 9%
$414,400
Alternative Uses
Best Use
Retail
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$286.9K
$251.1K – $334.8K
NOI $20,085 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Portland, OR
Properties on Market for Auto shops in Portland
Vacancy Rate% for Retail in Portland, OR
Similar Off Market Nearby
- Five Stars Auto Glass Llc — 3400 NE 82nd Ave, Portland, OR 97220
- Carquest — 7636 NE Sandy Blvd, Portland, OR 97213
- Al's Auto Repair Center — 3445 NE 82nd Ave, Portland, OR 97213
- Vina Auto Care — 8220 NE Fremont St, Portland, OR 97220
- Abe Auto Garage — 8220 NE Fremont St, Portland, OR 97220
Frequently Asked Questions
What type of property is this?
Auto shop - Retail or industrial property with street exposure on Sandy Blvd.
Where is this auto shop located?
The property is located at 8850 NE Sandy Blvd Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Significant street exposure on Sandy Blvd.; Plug‑and‑play automotive repair shop.; Flexible zoning.
