Pearl District Retail
416 NW 10th Ave Portland, OR 97209
416 NW 10th Ave, Portland, OR, 97209
Contact for pricing
For Sale
Contact for pricing
High-visibility retail space in Portland's Pearl District.
Property Size5,000 SF
Price / SF$380
Days on Market751
Property Features for 416 NW 10th Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1941
Listing agency
Cushman & Wakefield - Portland, Oregon
(503) 279-1743
Listed by
Jim Lewis · License #OR 200412086
Source
Crexi
Added: Jul 1, 2024 Updated: Jul 6 at 7:44AM Checked: Jul 21 at 5:13AM
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 Cushman & Wakefield - Portland, Oregon
Investment Insights
Based on property information with market context.
This is a street-level retail space located in Portland's Pearl District. The property benefits from high visibility and a location on NW 10th Avenue, which includes a Tri-Met Streetcar line. The nearest streetcar stop is one door down from the property. Traffic counts average around 8,000 daily vehicles passing on NW Glisan at 9th Avenue, the closest measured intersection. The area also benefits from strong foot traffic, supported by the 10th and 11th Avenue transit lines and a variety of local retail options. The property has a size of 5000 square feet.
Key Highlights
- High‑visibility retail space in Portland's Pearl District.
- Superb location on NW 10th Ave with Tri‑Met Streetcar line.
- One door down from the nearest streetcar stop.
Local Financial Insights For Retail
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 | $90.0k | $18.00 |
| − Vacancy | −$6.8k | −$1.35 |
| EGI | $83.3k | $16.65 |
| − OpEx | −$25.0k | −$5.00 |
| NOI | $58.3k | $11.66 |
5,000 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,289 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-visibility retail space in Portland's Pearl District.
Where is this retail space located?
The property is located at 416 NW 10th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High‑visibility retail space in Portland's Pearl District.; Superb location on NW 10th Ave with Tri‑Met Streetcar line.; One door down from the nearest streetcar stop.
