Remodeled Mixed-Use Building on
For Sale
Contact for pricing
3033 NE Broadway, Portland, OR 97232
Recently remodeled mixed-use building with parking on NE Broadway.
Property Size1,883 SF
Price / SF$294.74
Days on Market706
Property Features for 3033 NE Broadway
General Information
Standard status
Active
Size
1,883 SF
Class
B
Property subtype
Office, Retail
Zoning
CM2
Investment Type
Owner/User
Building Details
Year Renovated
2024
Listing Agency:
Commercial Real Estate NW
Listed By:
Marissa Lee · License #201221687
(971) 280-2222
Source:
Crexi
Added: Nov 12, 2024
Changed: Oct 10
Last Checked: Oct 19 at 7:30AM
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 Commercial Real Estate NW
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This recently remodeled standalone building on NE Broadway Street is suitable for office, retail, or live-work use. The property features private offices and open workspaces, a reception area, a kitchen and a kitchenette, and ample storage space. There are 6 off-street parking spaces located behind the building. The property is zoned CM2, which allows for a wide variety of uses. The building has a size of 1883 square feet.
Key Highlights
- Remodeled standalone building on NE Broadway St.
- CM2 zoning allows for a wide variety of uses (office, retail, live‑work).
- Benefit from 6 off‑street parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,421
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,420
$508.4K
Cap Rate 7%
$363,157
$363.2K
Cap Rate 9%
$282,456
$282.5K
Market Conditions
NOI Build-Up for 1,883 SF
Gross rent
$45.2K $24.00/SF
− Vacancy
−$4.5K −$2.40/SF
EGI
$40.7K $21.60/SF
− OpEx
−$15.3K −$8.10/SF
NOI
$25.4K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,420
Cap Rate 7%
$363,157
Cap Rate 9%
$282,456
Alternative Uses
Best Use
Mixed Use
$363.2K
$317.8K – $423.7K
NOI $25,421 @ 7.0% cap · market cap 4.58%
Second Best
Office B
$348.2K
$304.7K – $406.3K
NOI $24,375 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$528.8K
$462.7K – $616.9K
NOI $37,016 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,195
Businesses Nearby
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 Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently remodeled mixed-use building with parking on NE Broadway.
Where is this mixed-use property located?
The property is located at 3033 NE Broadway Portland, OR.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Remodeled standalone building on NE Broadway St.; CM2 zoning allows for a wide variety of uses (office, retail, live‑work).; Benefit from 6 off‑street parking spaces.
