Flex Building with Office
New
For Sale
$699,000
9821 SE FOSTER Rd, Portland, OR 97266
CommercialSale, Portland, OR
Property Size4,115 SF
Lot Size0.12 Acres
Price / SF$169.87
Days on Market3
Property Features for 9821 SE FOSTER Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EG2
Directions
North Side of S.E. Foster Road
Subdivision
_143
Standard status
Active
APN
R215646
Size
4,115 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
MCKINLEY PK, BLOCK 1, LOT 12 TL 5700
Tax Annual Amount
2918
Legal Description
MCKINLEY PK, BLOCK 1, LOT 12 TL 5700
Utilities
Heating system
Forced Air
Cooling system
Heat Pump
Building Details
Year built
1912
Floors in Building
2
Building materials
Concrete, MetalSiding
Roof type
Composition
Listing Agency:
Keller Williams PDX Central · Keller Williams Realty
(503) 548-4848
Listed By:
Brent Maxson
(503) 720-1931
Added: Oct 21
Last Checked: Oct 23 at 3:06AM
MLS# 124143574
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,115-square-foot flex property includes warehouse space, an upstairs office, and a grade-level loading door. The 0.12-acre site is zoned EG2. Reported improvements include a new roof, HVAC, three-phase electrical, interior and exterior paint, sheetrock, insulation, and an updated bathroom. The upstairs office has a mini-split system; the building also has forced-air heating and heat-pump cooling.
Located on SE Foster Road, the property has access to I-205. EG2 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 uses have size limits and may require additional review.
Located on SE Foster Road, the property has access to I-205. EG2 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 uses have size limits and may require additional review.
Key Highlights
- 4,115 square feet on a 0.12‑acre lot
- EG2 zoning; employment uses include manufacturing, warehousing, distribution, offices, and vehicle repair, subject to regulations
- Grade‑level loading door serves the warehouse area
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
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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
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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 - EG2 zoning supports a range of employment uses, subject to applicable regulations.
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 on a 0.12‑acre lot; EG2 zoning; employment uses include manufacturing, warehousing, distribution, offices, and vehicle repair, subject to regulations; Grade‑level loading door serves the warehouse area
