Sandy Blvd Automotive Repair
For Sale
Contact for pricing
8850 NE Sandy Blvd, Portland, OR 97220
Retail or industrial property with street exposure on Sandy Blvd.
Property Size3,200 SF
Price / SF$296.88
Days on Market2181
Property Features for 8850 NE Sandy Blvd
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Retail
Zoning
CM2
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Macadam Forbes
(503) 972-7277
Listed By:
Clayton Madey · License #OR 201727196
Source:
Crexi
Added: Aug 31, 2020
Changed: Aug 8
Last Checked: Aug 20 at 4:14PM
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 property presents an opportunity for a retail or industrial user seeking street exposure on Sandy Boulevard. Currently configured as an automotive repair shop, it is ready for immediate use. The flexible zoning also allows for a variety of development opportunities. The property size is 3200 square feet.
Key Highlights
- Significant street exposure on Sandy Blvd.
- Plug‑and‑play automotive repair shop.
- Flexible zoning.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,296
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$745,920
$745.9K
Cap Rate 7%
$532,800
$532.8K
Cap Rate 9%
$414,400
$414.4K
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.6K $18.00/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$53.3K $16.65/SF
− OpEx
−$16.0K −$5.00/SF
NOI
$37.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$745,920
Cap Rate 7%
$532,800
Cap Rate 9%
$414,400
Alternative Uses
Best Use
Retail
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$286.9K
$251.1K – $334.8K
NOI $20,085 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Five Stars Auto Glass Llc — 3400 NE 82nd Ave, Portland, OR 97220
- Al's Auto Repair Center — 3445 NE 82nd Ave, Portland, OR 97213
- Vina Auto Care — 8220 NE Fremont St, Portland, OR 97220
- Carquest — 7636 NE Sandy Blvd, Portland, OR 97213
- Abe Auto Garage — 8220 NE Fremont St, Portland, OR 97220
Frequently Asked Questions
What type of property is this?
Auto shop - Retail or industrial property with street exposure on Sandy Blvd.
Where is this auto shop located?
The property is located at 8850 NE Sandy Blvd Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Significant street exposure on Sandy Blvd.; Plug‑and‑play automotive repair shop.; Flexible zoning.
