Class A Office
For Sale
Contact for pricing
9500 NE Cascades Pkwy, Portland, OR 97220
Vacant Class A office building within a mixed-use development near PDX and I-205.
Property Size35,000 SF
Price / SF$187.50
Days on Market243
Property Features for 9500 NE Cascades Pkwy
General Information
Standard status
Active
Size
35,000 SF
Class
A
Property subtype
OFFICE
Site & Location
Neighborhood
Parkrose
Additional Details
Business Included
No
Listing Agency:
Capacity Commercial Group
(503) 326-9000
Listed By:
Jeff Falconer
(503) 307-3075
Source:
Moodyscre
Added: Mar 3
Changed: Oct 25
Last Checked: Nov 1 at 7:16AM
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
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Investment Insights
Based on property information with market context.
Cascade Station II is a Class A office building within a larger centrally located development that includes office and flex space, hotels, destination retail, and dining. The property is less than 15 years old and described as very lightly used, with mechanical systems in good working order and expected to have long useful lives.
The development is positioned at Airport Way, just minutes to the newly remodeled PDX International Airport and I-205.
This is being offered as a vacant owner/user purchase opportunity, allowing an incoming business to occupy the building directly.
The development is positioned at Airport Way, just minutes to the newly remodeled PDX International Airport and I-205.
This is being offered as a vacant owner/user purchase opportunity, allowing an incoming business to occupy the building directly.
Key Highlights
- Vacant Class A office building in a mixed‑use development with office and flex space
- Building is less than 15 years old and very lightly used
- All mechanical systems are reported in good working order with long useful lives ahead
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$453,065
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,061,300
$9.1M
Cap Rate 7%
$6,472,357
$6.5M
Cap Rate 9%
$5,034,056
$5.0M
Market Conditions
NOI Build-Up for 35,000 SF
Gross rent
$798.0K $22.80/SF
− Vacancy
−$193.9K −$5.54/SF
EGI
$604.1K $17.26/SF
− OpEx
−$151.0K −$4.31/SF
NOI
$453.1K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,061,300
Cap Rate 7%
$6,472,357
Cap Rate 9%
$5,034,056
Alternative Uses
Best Use
Office B
$6.47M
$5.66M – $7.55M
NOI $453,065 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.83M
$8.60M – $11.47M
NOI $688,020 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - Vacant Class A office building within a mixed-use development near PDX and I-205.
Where is this office building located?
The property is located at 9500 NE Cascades Pkwy Portland, OR.
What is the asking price?
The asking price for this property is $6,562,500.
What are key features of this property?
This property features: Vacant Class A office building in a mixed‑use development with office and flex space; Building is less than 15 years old and very lightly used; All mechanical systems are reported in good working order with long useful lives ahead
