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3331 NE Sandy Blvd 9,800 SF 100% Leased Retail Building Portland, OR 97232 $2,161,425 ($220.55/SF) 7.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Full renovation done in 2015
- New HVAC
- Lift Master Callbox
- New roof
- New Plumbing and electricity
- Security System (Alarm.com)
EXECUTIVE SUMMARY
PRICE IMPROVEMENT: 8 CAP. For Sale: Fully Leased Mixed Use Retail/Neighborhood Office Complex located in the Laurelhurst Neighborhood. Fully Remodeled from studs up in 2015 including new plumbing, electrical, roof, systems, and more.
The first floor features four retail units—two facing Sandy and two facing Wasco. Each unit is equipped with its own ductless HVAC system, bathroom, and is pre-wired for internet. Additionally, each unit is individually submetered for electricity and water.
The second floor is served by two gas HVAC units with three zones, providing climate control for ten offices ranging from 300 to 500 SF. The floor includes common bathrooms and a kitchenette. It is equipped with fiber internet and Wi-Fi, with individual logins for each office. Each unit is submetered for electricity, and two offices have access to water and sewer.
The first floor features four retail units—two facing Sandy and two facing Wasco. Each unit is equipped with its own ductless HVAC system, bathroom, and is pre-wired for internet. Additionally, each unit is individually submetered for electricity and water.
The second floor is served by two gas HVAC units with three zones, providing climate control for ten offices ranging from 300 to 500 SF. The floor includes common bathrooms and a kitchenette. It is equipped with fiber internet and Wi-Fi, with individual logins for each office. Each unit is submetered for electricity, and two offices have access to water and sewer.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$223,542
|
$22.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$223,542
|
$22.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$49,245
|
$5.03
|
| Net Operating Income |
$174,297
|
$17.79
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $223,542 |
| Annual Per SF | $22.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $223,542 |
| Annual Per SF | $22.81 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $49,245 |
| Annual Per SF | $5.03 |
| Net Operating Income | |
|---|---|
| Annual | $174,297 |
| Annual Per SF | $17.79 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,800 SF
Building Class
C
Year Built/Renovated
1947/2015
Price
$2,161,425
Price Per SF
$220.55
Cap Rate
7.46%
NOI
$161,350
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.11 AC
Zoning
CM3 - The CM3 zone is a large-scale, commercial mixed use zone intended for sites close to the Central City, in high-capacity transit station areas or t
Frontage
100’ on Sandy Blvd
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R203041 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $551,060 (2025) |
PROPERTY TAXES
Parcel Number
R203041
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$551,060 (2025)
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3331 NE Sandy Blvd
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