Auto Glass Repair
For Sale
Contact for pricing
1804 NE Broadway, Portland, OR 97232
Auto glass repair shop in walkable neighborhood with recent upgrades.
Property Size4,400 SF
Price / SF$375
Days on Market693
Property Features for 1804 NE Broadway
General Information
Standard status
Active
Size
4,400 SF
Class
A
Total Parking Spaces
8
Property subtype
Industrial, Retail, Special Purpose
Zoning
CS Storefront Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$81,991
Building Details
Year Built
1971
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Adler Commercial Properties
Listed By:
Angelene Adler · License #OR
Source:
Crexi
Added: Nov 13, 2024
Changed: Sep 29
Last Checked: Oct 5 at 4:25PM
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 Adler Commercial Properties
Investment Insights
Based on property information with market context.
This property is an auto glass repair shop located in a walkable neighborhood with heavy foot traffic and convenient access to public transportation. The building underwent several upgrades in 2022 and 2023, including the installation of a new warehouse heating system, a new electrical panel, an elastomeric roof covering, new roof drains and downspouts, and a new warehouse overhead door. Interior office flooring was updated, and the exterior was repainted in the Speedy Glass color scheme. In 2024, the parking lot was re-seal-coated and painted with new stripes. The property size is 4400 square feet.
Key Highlights
- Recent upgrades completed in 2022‑2024: new roof, heating system, electrical panel, flooring, paint, parking lot maintenance.
- High foot traffic location in a walkable neighborhood.
- Easy access to public transit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,282
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,640
$1.0M
Cap Rate 7%
$732,600
$732.6K
Cap Rate 9%
$569,800
$569.8K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$79.2K $18.00/SF
− Vacancy
−$5.9K −$1.35/SF
EGI
$73.3K $16.65/SF
− OpEx
−$22.0K −$5.00/SF
NOI
$51.3K $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%
$1,025,640
Cap Rate 7%
$732,600
Cap Rate 9%
$569,800
Alternative Uses
Best Use
Retail
$732.6K
$641.0K – $854.7K
NOI $51,282 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$394.5K
$345.2K – $460.3K
NOI $27,617 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,494 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,790
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
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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- European Auto Centre — 2205 SW 6th Ave, Portland, OR 97201
- Ventori — 1962 SW 5th Ave, Portland, OR 97201
Frequently Asked Questions
What type of property is this?
Auto shop - Auto glass repair shop in walkable neighborhood with recent upgrades.
Where is this auto shop located?
The property is located at 1804 NE Broadway Portland, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Recent upgrades completed in 2022‑2024: **new roof, heating system, electrical panel, flooring, paint, parking lot maintenance.**; High foot traffic location in a walkable neighborhood.; Easy access to public transit.
