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    4938 109Th Ave Portland, OR 97220

    Sponsored
    For Sale
    $2,400,000

    11,800 SF Industrial Property, $2.4M

    Property size:
    11,800 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    327
    This exceptional Portland, Oregon industrial property, located at 4938 & 4946 Northeast 109th Ave, offers 11,800 square feet of versatile warehouse space. Priced at $2,400,000, this four-building complex presents a compelling investment opportunity for both owner-occupants and investors seeking rental income. The property boasts flexible CE zoning, allowing for diverse uses including industrial, retail, service, vehicle repair, and even household/group living. Buildings feature clear spans, grade-level loading, 16-18 foot clear heights, and 3-phase power. One building (10928 NE Killingsworth Bldg A) will be vacant at closing, offering immediate owner-occupancy potential of 2,800-5,800 square feet. A long-term tenant, Portland Spray Works, occupies another building, currently paying $3,500 per month on a month-to-month lease, offering potential for a longer-term agreement. The property comprises two tax lots (5300 & 5400), with combined property taxes totaling $14,286.05. This property is an excellent opportunity to acquire a well-located, functional industrial complex in a thriving Portland market. The combination of owner-occupancy potential and existing rental income makes this a truly unique investment.

    Property Features for 4938 109Th Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    11,800 SF

    HighLights

    • $2,400,000 asking price for this Portland, Oregon industrial property.
    • 11,800 square foot warehouse.
    • Located at 4938 & 4946 Northeast 109th Ave, Portland, OR 97220.
    • Zoned CE (Commercial Employment), allowing diverse uses including industrial, retail, and residential.
    • Features four buildings with grade‑level loading, 16‑18' clear height, and 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paint Portland LLC Painter

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.5503442
    Latitude
    45.5589801

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    FAQs

    What type of property is this?
    Distribution property - 11,800 SF Industrial Property, $2.4M
    Where is this distribution property located?
    The property is located at 4938 109Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for this Portland, Oregon industrial property.; 11,800 square foot warehouse.; Located at 4938 & 4946 Northeast 109th Ave, Portland, OR 97220.
    Request Owner's contact information
    4938 109Th Ave Portland, OR 97220
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    Portland, OR 97220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4938 109Th Ave Portland, OR 97220
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