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    4111-4131 Hawthorne Blvd Portland, OR 97214

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    For Lease
    Contact for pricing

    Prime Portland retail space, 11,407 SF, partial vacancy.

    Lot size:
    11,407 SF

    Property Features for 4111-4131 Hawthorne Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,407 SF
    Total Rate
    38023.33

    Building Details

    Year Built/Renovated
    1973/2008
    Buildings
    1

    Spaces For Lease

    at 4111-4131 Hawthorne Blvd, Portland, OR 97214 Contact us
    Unit Suite 4131

    $40 /Mo

    Size
    2,930 SF
    Contact us

    We can help!

    Listing Contact
    Michelle Rozakis
    Michelle Rozakis

    Listing Agency: Capacity Commercial Group Listing Agent: Michelle Rozakis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 4111-4131 SE Hawthorne Blvd in Portland, Oregon's vibrant Hawthorne district (zip code 97214), offers a unique investment opportunity. The single-building property, totaling 11,407 square feet, was constructed in 1973 and underwent renovations in 2008. Currently, there is 2,930 square feet of vacant space available, previously occupied by a Key Bank branch. This space presents a fantastic opportunity for a variety of uses, including financial services, banking, office space, cafes, or other service-oriented businesses. The property is zoned CS (Portland) and sits within the Mall 205 submarket, specifically the Hawthorne submarket cluster in Multnomah County. The multiple tenancy structure allows for flexibility and potential for diverse income streams. The available 2,930 square foot suite is offered at a lease rate of $40 per square foot, plus NNN charges, with a 30-day notice period. This location benefits from high visibility and foot traffic in a thriving commercial area. The property's history and recent renovations provide a solid foundation for a successful business venture. Serious inquiries are encouraged to explore this compelling opportunity further.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.61994052163
    Latitude
    45.512210064145

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    FAQs

    What type of property is this?
    Restaurant - Prime Portland retail space, 11,407 SF, partial vacancy.
    Where is this restaurant located?
    The property is located at 4111-4131 Hawthorne Blvd Portland, OR.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 11,407 SF retail building on Hawthorne Blvd in Portland, OR (97214), built in 1973, renovated in 2008.; 2,930 SF of vacant space available, previously a Key Bank branch, leasing for $40/SF NNN, 30-day notice.; High-visibility endcap with on-site parking and great window frontage.
    (503) 222-0755 Call to check price and availability
    Request Owner's contact information
    4111-4131 Hawthorne Blvd Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4111-4131 Hawthorne Blvd Portland, OR 97214
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    Contact for Pricing
    Please call us for current price
    and status of this listing Michelle Rozakis
    Michelle Rozakis
    Real Estate License ID: 200512190
    (503) 222-0755 (503) 326-9000
    Learn more
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