PendingPrice cut −5%
$10,105,000
7.8% cap · 27,020 sq ft RBA · Class C
2079 NE Fremont St
Portland, OR 97209
Listed 3 months ago$374/sq ft
01 / 09
Price cut −8%For SaleRetail
$9,315,000
5829 N Mississippi Ave
Sellwood-Moreland · Portland, OR 97205
$327/sq ft150 days on market3.1K views110 saves
Key facts
- Interior
- 28,480 sq ft
- Lot
- 0.99 acres
- Year built
- 1952
- Property type
- Retail
- Price / sq ft
- $327/sq ft
- Annual taxes
- $97,810
- Days on market
- 150
Getting around
Walk Score66
Somewhat Walkable
Transit Score60
Good Transit
Bike Score77
Very Bikeable
About this property
Built in 1952 and capitalized properly since, this retail property needs no immediate capital. Zoning and the highway frontage leave the door open for a future repositioning. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
6.50%
Net operating income ÷ price
Net operating income
$605,475
Annual, after operating expenses
Cash-on-cash
+2.3%
$64,864 annual cash flow on $2,794,500 equity
Occupancy86%
24,493 sq ft leased of 28,480 sq ft
- Tenants
- 5
- Rentable area
- 28,480 sq ft
- Price / sq ft
- $327/sq ft
- WALE
- 2.3 yrs
- Lease type
- Ground Lease
- Building class
- Class B
- Zoning
- CG-1
- Parking
- 156 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $540,611 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Sprinkler System
Highlights
- Monument Signage
- Highway Frontage
- Anchored Center
- Drive-Thru
- Recent Capital Improvements
- Below-Market Rents
- Build-to-Suit Ready
- 24/7 Card Access
- Value-Add Upside
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-10-04 | Sold | $5,700,000 |
| 2026-02-25 | Listed | $10,149,000 |
| 2026-04-19 | Price cut | $9,315,000 |
Location
Sellwood-Moreland, Portland — Multnomah County
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Approximate location · Sellwood-Moreland
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Estimated monthly
$57,480/mo
- Principal & interest81%$46,613
- Property tax14%$8,151
- Home insurance5%$2,717
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $7,452,000 · 30 yr · 6.40%
