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6529-6533 NE Sandy Blvd 4,496 SF 100% Leased Office Building Portland, OR 97213 $799,000 ($177.71/SF) 8.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Neighborhood Flex Retail and Office. Excellent Condition Throughout. Stable Tenants. Low Maintenance.
EXECUTIVE SUMMARY
2 Story Retail Flex Small Office Building at NE 65th and Sandy. a true 8 CAP
Main Floor has 3 tenants. A Non Profit, Tattoo Studio, Naturopath Clinic.
2nd Floor has 7 small therapy and related tenants.
Excellent Condition Throughout. Completely rented, and easy to self manage. this is a great property for an investor.
Easy to Self Manage.
Discover a prime investment opportunity in NE Portland’s close-in district on Sandy Blvd — a creative flex office building in immaculate condition.
This 2-story mid-century CM2 brick property boasts excellent drive-by visibility, long-term tenants, and a great neighborhood vibe.
Easy to self-manage, it’s perfect for owner-users or investors seeking a turnkey asset in a thriving, high-traffic location.
Main Floor has 3 tenants. A Non Profit, Tattoo Studio, Naturopath Clinic.
2nd Floor has 7 small therapy and related tenants.
Excellent Condition Throughout. Completely rented, and easy to self manage. this is a great property for an investor.
Easy to Self Manage.
Discover a prime investment opportunity in NE Portland’s close-in district on Sandy Blvd — a creative flex office building in immaculate condition.
This 2-story mid-century CM2 brick property boasts excellent drive-by visibility, long-term tenants, and a great neighborhood vibe.
Easy to self-manage, it’s perfect for owner-users or investors seeking a turnkey asset in a thriving, high-traffic location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$103,668
|
$23.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,668
|
$23.06
|
| Taxes |
$13,992
|
$3.11
|
| Operating Expenses |
$23,827
|
$5.30
|
| Total Expenses |
$37,819
|
$8.41
|
| Net Operating Income |
$65,849
|
$14.65
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $103,668 |
| Annual Per SF | $23.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,668 |
| Annual Per SF | $23.06 |
| Taxes | |
|---|---|
| Annual | $13,992 |
| Annual Per SF | $3.11 |
| Operating Expenses | |
|---|---|
| Annual | $23,827 |
| Annual Per SF | $5.30 |
| Total Expenses | |
|---|---|
| Annual | $37,819 |
| Annual Per SF | $8.41 |
| Net Operating Income | |
|---|---|
| Annual | $65,849 |
| Annual Per SF | $14.65 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,496 SF
Building Class
C
Year Built
1954
Price
$799,000
Price Per SF
$177.71
Cap Rate
8.24%
NOI
$65,838
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,248 SF
Building FAR
0.93
Lot Size
0.11 AC
Zoning
CM2 - Commercial
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- All American Insurance
- Finance and Insurance
- -
- -
- -
- David Lawrence
- Public Administration
- -
- -
- -
- Green Earth Medicine
- Services
- -
- -
- -
- Mark's Express Delivery Inc
- Transportation and Warehousing
- -
- -
- -
- Nature's Bodywork
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| All American Insurance | Finance and Insurance | - | - | - | ||
| David Lawrence | Public Administration | - | - | - | ||
| Green Earth Medicine | Services | - | - | - | ||
| Mark's Express Delivery Inc | Transportation and Warehousing | - | - | - | ||
| Nature's Bodywork | Services | - | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R114150 | Total Assessment | $538,650 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $13,992 ($3.11/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R114150
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$538,650 (2025)
Annual Taxes
$13,992 ($3.11/SF)
Tax Year
2024
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6529-6533 NE Sandy Blvd
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