12404 Halsey StPortland, OR 97230

Property Details for 12404 Halsey St

Year built

1974

Lot size

0.50 AC

Property size (Sq ft)

6,700 SF

Zone code

CG

Property type

Retail space

APN

1N2E35BB 00600

APU

1N2E35BB00600

Description

This exceptional 6,586-square-foot single-tenant building presents a unique owner-user opportunity in Portland, Oregon. Situated on a half-acre lot at 12404 NE Halsey St, 97230, this Class B property boasts a versatile flex/warehouse configuration ideal for a variety of businesses. The building features one story, one loading dock, and ample off-street parking for 18 vehicles. Currently vacant, the space is a shell, previously used as an appliance store, offering a blank canvas for customization. The zoning is Commercial Employment (CE), allowing for diverse commercial uses. The property is available for both lease and sale. Lease rates are $15 per square foot, plus NNN charges. The sale price is $1,395,000. Pylon signage is available, enhancing visibility and brand recognition. This prime location offers excellent accessibility and exposure, making it an attractive investment or operational space. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,705,126

  6.5%

  $2,497,040

  7%

  $2,318,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,251,521

  Geo Method

  $3,251,521

• Alternative Use

  Use

  Valuation

  Residential

  $2,106,346

  Hospitality

  $1,929,402

  Educational

  $1,605,240

  Medical

  $1,660,446

  Retail

  $2,497,040

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5332

Longitude

-122.536

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].