Industrial Property with Crane
For Sale
$2,300,000
Portland, OR 97203, Portland, OR 97203
Industrial property featuring crane service, surplus land, and ample power.
Property Size10,682 SF
Price / SF$215.32
Days on Market268
Property Features
General Information
Standard status
Active
Size
10,682 SF
Property subtype
Industrial
Building Details
Building Size
10,682 SF
Year Built
1982
Listing Agency:
(503) 781-6324
Listed By:
Mike Hale, SIOR
(503) 781-6324
Source:
Corfac
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:41PM
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 Mike Hale, SIOR
Investment Insights
Based on property information with market context.
This industrial property features crane service via an overhead bridge crane and includes surplus land. The building provides 1,600+ Amps of 3-Phase, 480V power. It has an 18' clear height and is equipped with two grade-level doors. The property is located in close proximity to I-5 via North Marine Drive and near Port of Portland Terminals. It is also situated 12 miles from Portland International Airport and offers multiple access points to the central business district. The property contains 10,682 square feet.
Key Highlights
- High Power Capacity: 1,600+ Amps, 3‑Phase, 480V
- Crane Served with Overhead Bridge Crane
- Surplus Land available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,628,240
$1.6M
Cap Rate 7%
$1,163,029
$1.2M
Cap Rate 9%
$904,578
$904.6K
Market Conditions
NOI Build-Up for 10,682 SF
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.
Gross rent
$102.5K $9.60/SF
− Vacancy
−$6.8K −$0.63/SF
EGI
$95.8K $8.97/SF
− OpEx
−$14.4K −$1.34/SF
NOI
$81.4K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,628,240
Cap Rate 7%
$1,163,029
Cap Rate 9%
$904,578
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,412 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$957.8K
$838.1K – $1.12M
NOI $67,045 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,984 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial property featuring crane service, surplus land, and ample power.
Where is this manufacturing property located?
The property is located at 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: High Power Capacity: 1,600+ Amps, 3‑Phase, 480V; Crane Served with Overhead Bridge Crane; Surplus Land available
