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12724 SE Stark St - Building H 1,550 SF Office Condo Unit Offered at $399,000 in Portland, OR 97233
Investment Highlights
- Centrally Located in high density business and residential area
- Recently remodeled on two tax lots that can be split into two separate businesses.
- Very well managed HOA and property condition
- Can be used for most any type of office space
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 10 |
| Cap Rate | 6.49% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.49% |
| No. Parking Spaces | 10 |
Description
PRICED BELOW Recent Professional Appraisal of $450k. This sale is for the center unit which is 1550 sq ' on two tax lots. Can be divided for two separate businesses (500 sq ' and 1050 sq', or 220 sq' and 1330 sq', as two examples). Entry doors and separate bathrooms in the front and back of building. There is currently a physician on the west side of this unit and a financial services business on the east side. Great for medical, dental, law, architect, engineer, accounting, chiropractor, or any other service based commercial business.
Sale Notes
This unit has been recently remodeled top to bottom with fresh paint, new floor coverings, new window blinds, new light fixtures, etc. There is currently an audiology clinic leasing this unit that has been there over 25 years. If you choose to purchase this property as an investment, they should be willing to extend with another long term deal. If you prefer to move in asap, their lease ends in July 2026 but they may be willing to move out sooner. If you do not need the entire 1500 sq' for your business, you could split the space and continue leasing to the current tenant while using the remaining space for your own needs. This complex is in a well-managed HOA property that includes garbage, sewer, electricity, water, exterior maintenance, groundskeeping and property management. Includes HVAC throughout. Ample parking surrounds this centrally located office. Current HOA dues are $765 per month. 3% BAC
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 12724 | 1,550 SF | Office | $399,000 ($257.42/SF) | $25,894.50 |
Unit 12724
| Unit Size |
| 1,550 SF |
| Condo Use |
| Office |
| Price |
| $399,000 ($257.42/SF) |
| NOI |
| $25,894.50 |
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Unit 12724
| Unit Size | 1,550 SF |
| Condo Use | Office |
| Price | $399,000 ($257.42/SF) |
| NOI | $25,894.50 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.49% |
| No. Parking Spaces | 10 |
| Description | |
| PRICED BELOW Recent Professional Appraisal of $450k. This sale is for the center unit which is 1550 sq ' on two tax lots. Can be divided for two separate businesses (500 sq ' and 1050 sq', or 220 sq' and 1330 sq', as two examples). Entry doors and separate bathrooms in the front and back of building. There is currently a physician on the west side of this unit and a financial services business on the east side. Great for medical, dental, law, architect, engineer, accounting, chiropractor, or any other service based commercial business.</li></ul> | |
| Sale Notes | |
| This unit has been recently remodeled top to bottom with fresh paint, new floor coverings, new window blinds, new light fixtures, etc. There is currently an audiology clinic leasing this unit that has been there over 25 years. If you choose to purchase this property as an investment, they should be willing to extend with another long term deal. If you prefer to move in asap, their lease ends in July 2026 but they may be willing to move out sooner. If you do not need the entire 1500 sq' for your business, you could split the space and continue leasing to the current tenant while using the remaining space for your own needs. This complex is in a well-managed HOA property that includes garbage, sewer, electricity, water, exterior maintenance, groundskeeping and property management. Includes HVAC throughout. Ample parking surrounds this centrally located office. Current HOA dues are $765 per month. 3% BAC</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,550 SF | Typical Floor Size | 1,550 SF |
| Property Type | Office (Condo) | Year Built | 1981 |
| Property Subtype | Loft/Creative Space | Lot Size | 0.04 AC |
| Building Class | B | Parking Ratio | 6.45/1,000 SF |
| Floors | 1 | ||
| Zoning | CO2, Portland - CN12 | ||
| Total Building Size | 1,550 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,550 SF |
| Year Built | 1981 |
| Lot Size | 0.04 AC |
| Parking Ratio | 6.45/1,000 SF |
| Zoning | CO2, Portland - CN12 |
Amenities
- Bus Line
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
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Matterport 3D Exterior
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Presented by
Three Kings Investors LLC
12724 SE Stark St - Building H
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