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    8828 Division St Portland, OR 97266

    Sponsored
    For Lease
    $12 SF/Yr ($4,895 /Mo)

    4,895 SF Flex Space, Ideal Location

    Lot size:
    4,895 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,895-square-foot flex space, located at 8828 SE Division St, Portland, OR 97266, presents a unique opportunity for a variety of businesses. Situated in the desirable Portland Inner SE - West of I-205 submarket, this single-tenant property offers a versatile layout suitable for retail, office, or industrial uses. The building, constructed in 1948, sits on a 0.39-acre lot (17,078 square feet) and boasts a 28 building FAR. The property features 15 parking spaces with convenient driveway access from Division and 89th Avenue. The zoning is CS2. The building's gross leasable area is 4,895 square feet, with approximately 2,920 square feet potentially suitable for retail/office and 2,400 square feet for manufacturing/warehouse use. The property includes a 280-foot frontage. Taxes are $1.66 per square foot. The owner is open to dividing the space to accommodate multiple tenants. A tenant improvement budget is available. This property offers a compelling combination of location, size, and flexibility, making it an attractive investment opportunity. The property's APN is R193367. The monthly rent is $5,000 NNN. There are no loading docks or dock-high doors.

    Property Features for 8828 Division St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,895 SF
    Total Rate
    4895

    Building Details

    Year Built
    1948
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,895 SF
    Rate per SF
    $24

    HighLights

    • 4,895 SF flex space at 8828 SE Division St, Portland, OR 97266.
    • Located in the desirable Portland Inner SE - West of I‑205 submarket.
    • Single‑tenant building on a 0.39‑acre lot with 15 parking spaces and convenient driveway access.
    • Zoned CS2; 4,895 SF GLA (approx. 2,920 SF retail/office, 2,400 SF warehouse/manufacturing).
    • 280‑foot frontage; $5,000/month NNN rent; $1.66/SF taxes.
    • Owner will consider dividing space; tenant improvement budget available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vicious Cycle Motorcycle Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.572427
    Latitude
    45.5042902

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    FAQs

    What type of property is this?
    Flex space - 4,895 SF Flex Space, Ideal Location
    Where is this flex space located?
    The property is located at 8828 Division St Portland, OR.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 4,895 SF flex space at 8828 SE Division St, Portland, OR 97266.; Located in the desirable Portland Inner SE - West of I-205 submarket.; Single-tenant building on a 0.39-acre lot with 15 parking spaces and convenient driveway access.
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    8828 Division St Portland, OR 97266
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    Portland, OR 97266
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    Realmo Value Estimation

    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.

    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.

    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
    8828 Division St Portland, OR 97266
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