Portland Flex Space For
Portland, OR 97239, Portland, OR 97239
8,990 SF flex space in Portland's Johns Landing neighborhood.
Type:Office
Property size:
8,990 SFPrice / SF:
$216/SF- Added:
- Nov 25, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 8:26 pm
Property Features
General Information
- Standard status
- Active
- Size
- 8,990 SF
- Property subtype
- Office
Listing agent Don Ossey, SIOR License #201233429 (503) 542-4344
Listing office Capacity Commercial Group (503) 542-4344
Listing date Nov 25, 2025
Source Corfac
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
HighLights
- Located in Portland’s vibrant Johns Landing Neighborhood with high visibility on SW Macadam Ave (± 21,000 vehicles per day).
- 8,990 SF across two floors with flexible layouts and conceptual plan to restore flex capabilities with warehouse and mezzanine.
- CM2 Zoning supports diverse commercial uses.
- Easy access to Downtown Portland and major transportation routes.
- 16’ ceiling height with grade level loading potential.
- High visibility adjacent to retail, food, and service amenities.
Overview
Located in Portland’s vibrant Johns Landing Neighborhood, this 8,990 square foot flex space is available now. The property features high visibility on SW Macadam Ave with approximately 21,000 vehicles per day and easy access to Downtown Portland and major transportation routes. The location is suitable for businesses seeking a dynamic headquarters or creative production space. Nearby highlights include 48 North Pizzeria, Café Du Berry, St Honoré Bakery Macadam, Essence Coffee, River’s Edge, McMenamins Fulton Pub, Elephants on Corbett and Chart House. The space is spread across two floors with flexible layouts. A conceptual plan exists to restore flex capabilities with warehouse and mezzanine. The property includes a 16’ ceiling height with grade level loading potential. CM2 Zoning supports diverse commercial uses. Ten surface parking stalls are available, with additional street parking. The property offers high visibility adjacent to retail, food, and service amenities.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.29M
NOI $116,373 @ 9.00% cap · cautious / downside scenario
Moderate
$1.66M
NOI $116,373 @ 7.00% cap · market / base-case scenario
Aggressive
$2.33M
NOI $116,373 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.0k | $22.80 |
| − Vacancy | −$49.8k | −$5.54 |
| EGI | $155.2k | $17.26 |
| − OpEx | −$38.8k | −$4.31 |
| NOI | $116.4k | $12.94 |
8,990 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,373 @ 7.0% cap · market cap 5.97%
Second Best
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,299 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$2.52M
$2.21M – $2.95M
NOI $176,723 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.672
- Latitude
- 45.477
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 8,990 SF flex space in Portland's Johns Landing neighborhood.
Where is this office units located?
The property is located at Portland, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Located in Portland’s vibrant Johns Landing Neighborhood with high visibility on SW Macadam Ave (± 21,000 vehicles per day).; 8,990 SF across two floors with flexible layouts and conceptual plan to restore flex capabilities with warehouse and mezzanine.; CM2 Zoning supports diverse commercial uses.
