Renovated Mixed-Use Building in
8283 SW Barbur Blvd Portland, OR 97219
8283 SW Barbur Blvd, Portland, OR, 97219
Contact for pricing
For Sale
Contact for pricing
Recently renovated mixed-use building with commercial and residential spaces.
Property Size4,070 SF
Price / SF$276.41
Days on Market699
Property Features for 8283 SW Barbur Blvd
General Information
- Standard status
- Active
- Size
- 4,070 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1951
Listing agency
Macadam Forbes
(503) 972-7294
Listed by
Joe Kappler · License #OR 200605069
Source
Crexi
Added: Aug 22, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 19 at 6:25AM
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.
Local Financial Insights For Healthcare Medical
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 | $109.9k | $27.00 |
| − Vacancy | −$7.7k | −$1.89 |
| EGI | $102.2k | $25.11 |
| − OpEx | −$40.9k | −$10.04 |
| NOI | $61.3k | $15.07 |
4,070 SF · lease $27.00/SF/yr · vacancy 7.00% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jared Dean - State ...
Insurance Agency
Sara Ohgushi
Midwife
Open River Acupuncture
Medical Clinic
Roberto Masferrer, LAC
Medical Clinic
Natural Traditions PC
Association Or Organization
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FAQs
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.
