High-Visibility Office Building For
For Sale
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11000 SW Barbur Boulevard, Portland, OR 97219
Two-story office building on Barbur Boulevard with excellent visibility.
Property Size6,000 SF
Price / SF$216.67
Days on Market917
Property Features for 11000 SW Barbur Boulevard
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Office
Lease Type
Gross
Building Details
Stories
2
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR 200605069
(503) 972-7294
Source:
Crexi
Added: Apr 3, 2024
Changed: Oct 2
Last Checked: Oct 5 at 7:00PM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This highly visible two-story office building is located on SW Barbur Boulevard, near the Highway 99 and Interstate 5 interchange. The property features a large monument sign facing SW Barbur Boulevard, along with building signage. Situated on a major corridor for the city of Portland, the location provides quick access to downtown Portland and local freeways, including Interstate 5, Highway 99, and Highway 217. The property's location offers proximity to restaurants and coffee shops, as well as the proposed light rail expansion. The property has 6000 square feet of space. There is one available space for lease. The first-floor office space includes eight private offices, a breakroom, and two large open areas suitable for workspace or workstations.
Key Highlights
- Highly visible location on SW Barbur Boulevard, a major Portland corridor.
- Building and monument signage available.
- Quick access to downtown Portland, Interstate 5, Highway 99, and Highway 217.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,668
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,553,360
$1.6M
Cap Rate 7%
$1,109,543
$1.1M
Cap Rate 9%
$862,978
$863.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$136.8K $22.80/SF
− Vacancy
−$33.2K −$5.54/SF
EGI
$103.6K $17.26/SF
− OpEx
−$25.9K −$4.31/SF
NOI
$77.7K $12.94/SF
Area
ZIP 97219
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,553,360
Cap Rate 7%
$1,109,543
Cap Rate 9%
$862,978
Alternative Uses
Best Use
Office B
$1.11M
$970.9K – $1.29M
NOI $77,668 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.97M
NOI $117,946 @ 7.0% cap · market cap 9.07%
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
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building on Barbur Boulevard with excellent visibility.
Where is this office building located?
The property is located at 11000 SW Barbur Boulevard Portland, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Highly visible location on SW Barbur Boulevard, a major Portland corridor.; Building and monument signage available.; Quick access to downtown Portland, Interstate 5, Highway 99, and Highway 217.
