Retail Opportunity in Sellwood
1405 Southeast Tacoma Street Portland, OR 97202
1405 Southeast Tacoma Street, Portland, OR, 97202
$815,000
For Sale
$815,000
3,033 SF retail space in desirable SE Portland neighborhood.
Property Size3,033 SF
Price / SF$268.71
Days on Market238
Property Features for 1405 Southeast Tacoma Street
General Information
- Standard status
- Active
- Size
- 3,033 SF
- Property subtype
- Retail
Listing agency
Capacity Commercial Group
(503) 222-2655
Listed by
Nicholas Diamond · License #OR #200403266
Source
Corfac
Added: Nov 25, 2025 Updated: Jul 6 at 10:06AM Checked: Jul 21 at 4:28AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
Located in the desirable Sellwood neighborhood of Southeast Portland, this property offers a 3,033-square-foot retail opportunity. Situated along SE Tacoma Street, between SE 17th and SE 13th, the location provides easy access to Hwy 99E. The 0.11-acre (5,000 SF) lot is zoned Commercial Mixed-Use 2 (CM2). The property is near Columbia Sportswear and New Seasons. Multiple configurations are possible, including live/work, office, studio, retail, and food and beverage. The exterior backyard is available for additional space or patio seating for a restaurant or bar. Multiple sheds provide additional storage. The property will be delivered vacant upon close.
Key Highlights
- Desirable Sellwood Neighborhood in SE Portland
- 3,033 SF of Commercial Space with Multiple Configuration Options
- To Be Delivered Vacant Upon Close
Local Financial Insights For Specialty 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 | $69.2k | $22.80 |
| − Vacancy | −$4.1k | −$1.37 |
| EGI | $65.0k | $21.43 |
| − OpEx | −$16.3k | −$5.36 |
| NOI | $48.8k | $16.07 |
3,033 SF · lease $22.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$696.5K
$609.4K – $812.5K
NOI $48,752 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$606.0K
$530.3K – $707.0K
NOI $42,420 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$723.6K
$633.1K – $844.2K
NOI $50,651 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SuitsMeFine.Org
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,033 SF retail space in desirable SE Portland neighborhood.
Where is this retail space located?
The property is located at 1405 Southeast Tacoma Street Portland, OR.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Desirable Sellwood Neighborhood in SE Portland; **3,033 SF of Commercial Space with Multiple Configuration Options**; To Be Delivered Vacant Upon Close
