Retail/Industrial Property on Sandy
For Sale
$950,000
Portland, OR 97220, Portland, OR 97220
Retail or industrial property with street exposure on Sandy Blvd.
Property Size3,200 SF
Days on Market296
Property Features
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Retail
Zoning
CM2
Building Details
Building Size
3,200 SF
Listed By:
Clayton Madey, SIOR · License #OR #201727196
(503) 896-6286
Source:
Macadamforbes
Added: Nov 25, 2025
Changed: Sep 4
Last Checked: Sep 16 at 5:57PM
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 Clayton Madey, SIOR
Investment Insights
Based on property information with market context.
This property presents a significant opportunity for a retail or industrial user seeking substantial street exposure on Sandy Blvd. Currently configured as an automotive repair shop, it offers a plug-and-play setup. The flexible zoning also allows for a variety of development opportunities. The property benefits from a prominent location in NE Portland, featuring excellent frontage on Sandy Blvd. It also provides convenient access to I-205 and I-84. The property includes 144 feet of frontage on Sandy Blvd, professionally installed and maintained lifts, 3-phase power, a paint booth, and an outdoor hydraulic lift with a capacity of up to 12,000 lbs. Income is generated from an advertising billboard. The location is approximately 3 blocks from I-205. Average Daily Traffic is 3,326. Option for Lease to Own.
Key Highlights
- Significant street exposure on Sandy Blvd with 144 feet of frontage.
- Plug‑and‑play automotive repair shop with professionally installed and maintained lifts and paint booth.
- Flexible zoning allows for a variety of development opportunities.
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
$37,296
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
3.93%
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%
$745,920
$745.9K
Cap Rate 7%
$532,800
$532.8K
Cap Rate 9%
$414,400
$414.4K
Market Conditions
NOI Build-Up for 3,200 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
$57.6K $18.00/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$53.3K $16.65/SF
− OpEx
−$16.0K −$5.00/SF
NOI
$37.3K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$745,920
Cap Rate 7%
$532,800
Cap Rate 9%
$414,400
Alternative Uses
Best Use
Retail
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$286.9K
$251.1K – $334.8K
NOI $20,085 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
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Similar Off Market Nearby
- Hemi Rebuild Kits — 3127 NE Rocky Butte Ln, Portland, OR 97220
- ASAP Heating Oil Co — Portland, OR 97220
- Marty's Transmissions — 8850 NE Sandy Blvd, Portland, OR 97220
- Portland One Stop Auto Shop — 8850 NE Sandy Blvd, Portland, OR 97220
- A 2 Z Auto Buyers — 8850 NE Sandy Blvd, Portland, OR 97220
Frequently Asked Questions
What type of property is this?
Auto shop - Retail or industrial property with street exposure on Sandy Blvd.
Where is this auto shop located?
The property is located at Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Significant street exposure on Sandy Blvd with 144 feet of frontage.; Plug‑and‑play automotive repair shop with professionally installed and maintained lifts and paint booth.; Flexible zoning allows for a variety of development opportunities.
