Manufacturing Property with Highway
For Sale
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901 NE 60th Ave, Portland, OR 97213
Portland industrial property with General Employment (EG2) zoning and proximity to I-84.
Property Size53,944 SF
Price / SF$144.59
Days on Market260
Property Features for 901 NE 60th Ave
General Information
Standard status
Active
Size
53,944 SF
Total Parking Spaces
50
Property subtype
Industrial
Zoning
General Employment (EG2), city of Portland
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Listing Agency:
Kidder Matthews
Listed By:
John Hallman · License #201235126
(503) 721-2721
Source:
Crexi
Added: Feb 5
Changed: Oct 1
Last Checked: Oct 20 at 7:28PM
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 Kidder Matthews
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Investment Insights
Based on property information with market context.
This Portland manufacturing property encompasses 53,944 square feet and was built in 1960. It carries General Employment (EG2) zoning within the city of Portland, providing a defined industrial setting for the asset.
The property is located at 901 NE 60th Ave in an established industrial area and offers immediate access to I-84. Its infill setting places the site within a developed employment corridor associated with manufacturing and logistics activity.
The property is located at 901 NE 60th Ave in an established industrial area and offers immediate access to I-84. Its infill setting places the site within a developed employment corridor associated with manufacturing and logistics activity.
Key Highlights
- 53,944‑square‑foot manufacturing property
- Built in 1960
- General Employment (EG2) zoning in the city of Portland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$411,131
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,222,620
$8.2M
Cap Rate 7%
$5,873,300
$5.9M
Cap Rate 9%
$4,568,122
$4.6M
Market Conditions
NOI Build-Up for 53,944 SF
Gross rent
$517.9K $9.60/SF
− Vacancy
−$34.2K −$0.63/SF
EGI
$483.7K $8.97/SF
− OpEx
−$72.6K −$1.34/SF
NOI
$411.1K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,222,620
Cap Rate 7%
$5,873,300
Cap Rate 9%
$4,568,122
Alternative Uses
Best Use
Warehouse
$5.87M
$5.14M – $6.85M
NOI $411,131 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$4.84M
$4.23M – $5.64M
NOI $338,578 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$15.15M
$13.26M – $17.67M
NOI $1,060,416 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Manufacturing property - Portland industrial property with General Employment (EG2) zoning and proximity to I-84.
Where is this manufacturing property located?
The property is located at 901 NE 60th Ave Portland, OR.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: 53,944‑square‑foot manufacturing property; Built in 1960; General Employment (EG2) zoning in the city of Portland
