Renovated Mixed-Use Building in
For Sale
Contact for pricing
8283 SW Barbur Blvd, Portland, OR 97219
Recently renovated mixed-use building with commercial and residential spaces.
Property Size4,070 SF
Price / SF$276.41
Days on Market744
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
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) 972-7294
Source:
Crexi
Added: Aug 22, 2024
Changed: Sep 2
Last Checked: Sep 1 at 10:47PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,319
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.45%
Second Best
Mixed Use
$842.5K
$737.2K – $982.9K
NOI $58,974 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,007 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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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 $1,125,000.
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.
