Contemporary Storefront
For Sale
Contact for pricing
900 N Tomahawk Island Dr, Portland, OR 97217
Retail space features glass frontage, exposed wooden beams, and direct exposure to I-5 traffic.
Property Size16,000 SF
Price / SF$137.50
Days on Market1841
Property Features for 900 N Tomahawk Island Dr
General Information
Standard status
Active
Size
16,000 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
HSM Pacific Retail Solutions
(503) 245-1400
Listed By:
Brock Switzer · License #200304224
(503) 863-3518
Source:
Moodyscre
Added: Oct 1, 2021
Changed: Oct 9
Last Checked: Oct 12 at 9:30PM
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 HSM Pacific Retail Solutions
Investment Insights
Based on property information with market context.
This 16,000-square-foot storefront property presents a contemporary retail design with exposed wooden beams and a glass storefront. The scale and configuration support a substantial retail presence at the site.
Located at 900 N Tomahawk Island Dr in Portland, Oregon, the property benefits from visibility to I-5 and reported traffic counts exceeding 121,100 vehicles daily. Its position at the Oregon–Washington border places it within reach of residents from both states. Oregon’s lack of a sales tax is also identified as a site consideration for Washington shoppers.
Located at 900 N Tomahawk Island Dr in Portland, Oregon, the property benefits from visibility to I-5 and reported traffic counts exceeding 121,100 vehicles daily. Its position at the Oregon–Washington border places it within reach of residents from both states. Oregon’s lack of a sales tax is also identified as a site consideration for Washington shoppers.
Key Highlights
- 16,000 square feet of storefront retail space
- Visibility to I‑5
- Traffic counts exceeding 121,100 daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,480
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,729,600
$3.7M
Cap Rate 7%
$2,664,000
$2.7M
Cap Rate 9%
$2,072,000
$2.1M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$288.0K $18.00/SF
− Vacancy
−$21.6K −$1.35/SF
EGI
$266.4K $16.65/SF
− OpEx
−$79.9K −$5.00/SF
NOI
$186.5K $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%
$3,729,600
Cap Rate 7%
$2,664,000
Cap Rate 9%
$2,072,000
Alternative Uses
Best Use
Retail
$2.66M
$2.33M – $3.11M
NOI $186,480 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,524 @ 7.0% cap · market cap 14.30%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail space features glass frontage, exposed wooden beams, and direct exposure to I-5 traffic.
Where is this storefront property located?
The property is located at 900 N Tomahawk Island Dr Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 16,000 square feet of storefront retail space; Visibility to I‑5; Traffic counts exceeding 121,100 daily
