Columbia Corridor Industrial
For Sale
Contact for pricing
7739 NE 21st Ave, Portland, OR 97211
Free-standing industrial building with fenced yard and convenient freeway access.
Property Size11,250 SF
Lot Size0.51 Acres
Price / SF$204.44
Days on Market1118
Property Features for 7739 NE 21st Ave
General Information
Standard status
Active
Size
11,250 SF
Total Parking Spaces
18
Lot size
0.51 Acres
Property subtype
Industrial
Zoning
IG2 General Industrial
Building Details
Year Renovated
2020
Listing Agency:
Capacity Commercial Group
Listed By:
Scott Miller · License #OR 200410112
(281) 353-5544
Source:
Crexi
Added: Sep 19, 2023
Changed: Oct 7
Last Checked: Oct 9 at 4:51PM
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.
This is a free-standing industrial building featuring 11,250 square feet of space on a 0.51-acre lot. The property includes a fenced yard suitable for storage and staging. A new roof was installed in 2020. The building is located in the heart of the Columbia Corridor, offering convenient access to both I-5 (1.3 miles) and I-205 (4.5 miles). It is situated just one block north of Columbia Boulevard.
Key Highlights
- Convenient access to I‑5 (1.3 miles) and I‑205 (4.5 miles).
- Free‑standing industrial building with 11,250 SF of space.**
- Fenced yard for storage and staging.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,610
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,200
$1.4M
Cap Rate 7%
$1,008,714
$1.0M
Cap Rate 9%
$784,556
$784.6K
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$108.0K $9.60/SF
− Vacancy
−$7.1K −$0.63/SF
EGI
$100.9K $8.97/SF
− OpEx
−$30.3K −$2.69/SF
NOI
$70.6K $6.28/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,200
Cap Rate 7%
$1,008,714
Cap Rate 9%
$784,556
Alternative Uses
Best Use
Industrial
$1.01M
$882.6K – $1.18M
NOI $70,610 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.69M
NOI $221,149 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Free-standing industrial building with fenced yard and convenient freeway access.
Where is this industrial property located?
The property is located at 7739 NE 21st Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Convenient access to I‑5 (1.3 miles) and I‑205 (4.5 miles).; Free‑standing industrial building with 11,250 SF of space.**; Fenced yard for storage and staging.
