Mixed-Use Retail/Office Condo For
For Sale
Contact for pricing
1435 N Killingsworth St, Portland, OR 97217
Retail/office condo in mixed-use building with CM3 zoning.
Property Size1,188 SF
Price / SF$366.16
Days on Market706
Property Features for 1435 N Killingsworth St
General Information
Standard status
Active
Size
1,188 SF
Class
B
Property subtype
Office, Retail
Zoning
CM3
Building Details
Year Built
2012
Listing Agency:
Commercial Real Estate NW
Listed By:
Denise Brohoski · License #OR 200508190
(503) 309-5106
Source:
Crexi
Added: Nov 12, 2024
Changed: Oct 19
Last Checked: Oct 19 at 6:33AM
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 Commercial Real Estate NW
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Investment Insights
Based on property information with market context.
This property features a 988 square foot retail/office condominium on the ground floor, complemented by a 200 square foot attached garage. It is located within a modern, mixed-use residential building. The interior includes a large, multi-purpose space with an office, storage room, and a bathroom. The CM3 zoning allows for a variety of uses.
Key Highlights
- Ground floor retail/office condo with 988 SF space.
- CM3 zoning allows for a variety of uses.
- Includes a 200 SF attached garage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,038
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,760
$320.8K
Cap Rate 7%
$229,114
$229.1K
Cap Rate 9%
$178,200
$178.2K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$28.5K $24.00/SF
− Vacancy
−$2.9K −$2.40/SF
EGI
$25.7K $21.60/SF
− OpEx
−$9.6K −$8.10/SF
NOI
$16.0K $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%
$320,760
Cap Rate 7%
$229,114
Cap Rate 9%
$178,200
Alternative Uses
Best Use
Mixed Use
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.6K
$291.9K – $389.2K
NOI $23,353 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail/office condo in mixed-use building with CM3 zoning.
Where is this mixed-use property located?
The property is located at 1435 N Killingsworth St Portland, OR.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Ground floor retail/office condo with 988 SF space.; CM3 zoning allows for a variety of uses.; Includes a 200 SF attached garage.
