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6529-6533 NE Sandy Blvd 4,496 SF 100% Leased Office Building Portland, OR 97213 $1,115,340 CAD ($248.07 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$144,712
|
$32.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,712
|
$32.19
|
| Taxes |
$19,532
|
$4.34
|
| Operating Expenses |
$33,261
|
$7.40
|
| Total Expenses |
$52,792
|
$11.74
|
| Net Operating Income |
$91,920
|
$20.44
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $144,712 |
| Annual Per SF | $32.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $144,712 |
| Annual Per SF | $32.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,532 |
| Annual Per SF | $4.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $33,261 |
| Annual Per SF | $7.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $52,792 |
| Annual Per SF | $11.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,920 |
| Annual Per SF | $20.44 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,496 SF
Building Class
C
Year Built
1954
Price
$1,115,340 CAD
Price Per SF
$248.07 CAD
Cap Rate
8.24%
NOI
$91,904 CAD
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 | $751,912 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $19,532 CAD ($4.34 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R114150
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$751,912 CAD (2025)
Annual Taxes
$19,532 CAD ($4.34 CAD/SF)
Tax Year
2024
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6529-6533 NE Sandy Blvd
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