Remodeled Mixed-Use Building on
3033 NE Broadway Portland, OR 97232
3033 NE Broadway, Portland, OR, 97232
Contact for pricing
For Sale
Contact for pricing
Recently remodeled mixed-use building with parking on NE Broadway.
Property Size1,883 SF
Price / SF$294.74
Days on Market616
Property Features for 3033 NE Broadway
General Information
- Standard status
- Active
- Size
- 1,883 SF
- Property subtype
- Office, Retail
Listing agency
Commercial Real Estate NW
(503) 309-5106
Listed by
Marissa Lee · License #201221687
Source
Crexi
Added: Nov 12, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 20 at 3:52AM
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
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.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $24.00 |
| − Vacancy | −$4.5k | −$2.40 |
| EGI | $40.7k | $21.60 |
| − OpEx | −$15.3k | −$8.10 |
| NOI | $25.4k | $13.50 |
1,883 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tinker George W
Physician
Colistro Frank P ...
Physician
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FAQs
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.
