Class A Office
9500 NE Cascades Pkwy Portland, OR 97220
For Sale
Contact for pricing
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 Market149
Property Features for 9500 NE Cascades Pkwy
General Information
Standard status
Active
Size
35,000 SF
Property subtype
OFFICE
Listing Agency:
Capacity Commercial Group
(503) 326-9000
Listed By:
Jeff Falconer
(503) 307-3075
Source:
Moodyscre
Added: Mar 3
Changed: Jul 28
Last Checked: Jul 29 at 4:00PM
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.
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 For Office B
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 | $798.0k | $22.80 |
| − Vacancy | −$193.9k | −$5.54 |
| EGI | $604.1k | $17.26 |
| − OpEx | −$151.0k | −$4.31 |
| NOI | $453.1k | $12.94 |
35,000 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
