Renovated Mixed-Use Building in
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8283 SW Barbur Blvd, Portland, OR 97219
Recently renovated mixed-use building with commercial and residential spaces.
Property Size4,070 SF
Price / SF$170.76
Days on Market799
Property Features for 8283 SW Barbur Blvd
General Information
Standard status
Active
Size
4,070 SF
Property subtype
Office
Zoning
CM2
Occupancy
50%
Lease Type
Gross
Site & Location
Neighborhood
South Burlingame
Building Details
Year Built
1951
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR 200605069
(503) 708-9063
Source:
Crexi
Added: Aug 22, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:48AM
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
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Investment Insights
Based on property information with market context.
This recently renovated three-story commercial building features a top-floor apartment with two bedrooms and one bath. The middle floor offers commercial space with direct street access. The first floor is configured as a medical buildout, including several treatment rooms and access to a secure parking lot in the back. The top-floor apartment has been remodeled with a new kitchen, bathroom, flooring, and paint. The two floors of commercial space feature updated restrooms, new paint, lighting, HVAC, and a new fence, along with new exterior paint and a new parking lot. The property is located in the Southwest Barbur Boulevard corridor, near Multnomah Village, with convenient access to I-5 and various dining, retail, and recreational amenities.
Key Highlights
- Prime location in the highly sought‑after Southwest Barbur Boulevard corridor, near Multnomah Village and I‑5.
- Recently renovated three‑story commercial building with mixed‑use potential.
- Top‑floor apartment (2 bed/1 bath) featuring a recent remodel with updated kitchen, bathroom, flooring, and paint.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,319
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,380
$1.2M
Cap Rate 7%
$875,986
$876.0K
Cap Rate 9%
$681,322
$681.3K
Market Conditions
NOI Build-Up for 4,070 SF
Gross rent
$109.9K $27.00/SF
− Vacancy
−$7.7K −$1.89/SF
EGI
$102.2K $25.11/SF
− OpEx
−$40.9K −$10.04/SF
NOI
$61.3K $15.07/SF
Area
ZIP 97219
Vacancy
7.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,380
Cap Rate 7%
$875,986
Cap Rate 9%
$681,322
Alternative Uses
Best Use
Healthcare Medical
$876.0K
$766.5K – $1.02M
NOI $61,319 @ 7.0% cap · market cap 8.82%
Second Best
Mixed Use
$842.5K
$737.2K – $982.9K
NOI $58,974 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,007 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
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Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently renovated mixed-use building with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 8283 SW Barbur Blvd Portland, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime location in the highly sought‑after Southwest Barbur Boulevard corridor, near Multnomah Village and I‑5.; Recently renovated three‑story commercial building with mixed‑use potential.; Top‑floor apartment (2 bed/1 bath) featuring a recent remodel with updated kitchen, bathroom, flooring, and paint.
