Two-Story Office Building For
For Sale
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3395 SW Garden View Ave, Portland, OR 97225
Versatile office building in Washington County, near major highways.
Property Size10,780 SF
Lot Size0.80 Acres
Price / SF$231.91
Days on Market718
Property Features for 3395 SW Garden View Ave
General Information
Standard status
Active
Size
10,780 SF
Lot size
0.80 Acres
Property subtype
Office
Zoning
CBD
Building Details
Year Built
1972
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR 200605069
(503) 708-9063
Source:
Crexi
Added: Nov 7, 2024
Changed: Oct 25
Last Checked: Oct 24 at 3:09PM
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
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Investment Insights
Based on property information with market context.
This is a 10,780 square foot two-story office building situated on a 34,833 square foot lot. The property is located just off Canyon Road in unincorporated Washington County. The main floor office space comprises 5,572 square feet and includes multiple private offices, conference rooms, a small break area, and a large reception area. The lower floor, measuring 5,208 square feet, is primarily storage space with a small 357 square foot office. The building is fully sprinkled and features several windows. It is serviced by four HVAC units and includes a backup generator. Zoned CBD (Community Business District), the property allows for a variety of uses, including offices, medical facilities, and other service-based businesses. The location provides convenient access to transportation, being less than 1 mile from Highway 217 and just under 2 miles from Highway 26.
Key Highlights
- Versatile 10,780 SF two‑story office building on 34,833 SF of land.
- Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.
- Zoned CBD (Community Business District) allowing for a variety of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,544
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,790,880
$2.8M
Cap Rate 7%
$1,993,486
$2.0M
Cap Rate 9%
$1,550,489
$1.6M
Market Conditions
NOI Build-Up for 10,780 SF
Gross rent
$245.8K $22.80/SF
− Vacancy
−$59.7K −$5.54/SF
EGI
$186.1K $17.26/SF
− OpEx
−$46.5K −$4.31/SF
NOI
$139.5K $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%
$2,790,880
Cap Rate 7%
$1,993,486
Cap Rate 9%
$1,550,489
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.33M
NOI $139,544 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $211,910 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
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Business Placement
Demographics for 97225, OR
26,247
Population
12,219
Households
2.1
Avg Household Size
41
Median Age
62%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,917
Density / Sq Mi
$111,341
Median Household Income
$60,933
Median Earnings
$1,703
Median Rent
$709,500
Median Home Value
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - Versatile office building in Washington County, near major highways.
Where is this office building located?
The property is located at 3395 SW Garden View Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Versatile 10,780 SF two‑story office building on 34,833 SF of land.; Located in unincorporated Washington County, less than 1 mile from Highway 217 and just under 2 miles from Highway 26.; Zoned CBD (Community Business District) allowing for a variety of uses.
