Flex Space with Grade-Level
New
For Sale
$699,000
9821 Se Foster Rd, Portland, OR 97266
An upstairs office, three-phase electrical service, and updated building components support a range of business operations.
Property Size4,115 SF
Price / SF$169.87
Days on Market7
Property Features for 9821 Se Foster Rd
General Information
Standard status
Active
Size
4,115 SF
Property subtype
Commercial
Zoning
EG2
Site & Location
Neighborhood
Lents
Highway Access
Yes
Warehouse & Industrial
Drive-In Doors
1
Three-Phase Power
Yes
Additional Details
Property Use
Warehouse/Office
Building Details
Year Built
1912
Listing Agency:
Keller Williams PDX Central
Listed By:
Brent Maxson · License #920400264
(503) 720-1931
Source:
Portlandpropertylistings
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 5:04PM
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 Keller Williams PDX Central
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Investment Insights
Based on property information with market context.
This 4,115-square-foot flex property combines warehouse space with an upstairs office and a grade-level loading door. Built in 1912, the building has a new roof, HVAC, three-phase electrical service, fresh interior and exterior paint, sheetrock, insulation, and an updated bathroom. The upstairs office has its own mini-split system.
The property is on SE Foster Road in Portland, with access to I-205. EG2 (General Employment 2) zoning allows a range of employment uses, including manufacturing, warehousing and distribution, wholesale sales, industrial services, offices, and vehicle repair, subject to applicable regulations. Retail activity is subject to size limits and may need further review; contractor use depends on the operation and City requirements.
The property is on SE Foster Road in Portland, with access to I-205. EG2 (General Employment 2) zoning allows a range of employment uses, including manufacturing, warehousing and distribution, wholesale sales, industrial services, offices, and vehicle repair, subject to applicable regulations. Retail activity is subject to size limits and may need further review; contractor use depends on the operation and City requirements.
Key Highlights
- 4,115 square feet; built in 1912
- Grade‑level loading door serves the warehouse area
- Upstairs office with a mini‑split system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,790
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,800
$835.8K
Cap Rate 7%
$597,000
$597.0K
Cap Rate 9%
$464,333
$464.3K
Market Conditions
NOI Build-Up for 4,115 SF
Gross rent
$69.1K $16.80/SF
− Vacancy
−$4.8K −$1.18/SF
EGI
$64.3K $15.62/SF
− OpEx
−$22.5K −$5.47/SF
NOI
$41.8K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,800
Cap Rate 7%
$597,000
Cap Rate 9%
$464,333
Alternative Uses
Best Use
Flex RnD
$597.0K
$522.4K – $696.5K
NOI $41,790 @ 7.0% cap · market cap 5.98%
Second Best
Warehouse
$448.0K
$392.0K – $522.7K
NOI $31,362 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,892 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Portland, OR
Similar Off Market Nearby
- Candyce Cater — 6318 SE 89th Ave, Portland, OR 97266
- The prime store — 8940 SE Reedway St, Portland, OR 97266
Frequently Asked Questions
What type of property is this?
Flex space - An upstairs office, three-phase electrical service, and updated building components support a range of business operations.
Where is this flex space located?
The property is located at 9821 Se Foster Rd Portland, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,115 square feet; built in 1912; Grade‑level loading door serves the warehouse area; Upstairs office with a mini‑split system
