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    222-238 SE Alder St Portland, OR 97214

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    For Lease
    $2,563 /Mo ($47 SF/Yr)

    Recently renovated creative office space in a diverse business district.

    Property size:
    648 SF
    Lot size:
    0.23 Acres

    Property Features for 222-238 SE Alder St

    General Information

    Size
    648 SF
    Lot size
    0.23 Acres

    Source: SVN Bluestone Agent Olesya Prokhorova

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Creative Office Space

    This recently renovated creative office space is available for lease in the heart of a diverse business district. The location in SE Close-In offers close proximity to entertainment venues such as the Oregon Science and Industry (OMSI), the Willamette River waterfront, and various food establishments and restaurants. It is situated within minutes of the central business district of downtown Portland, between Sellwood/Clackamas and NE Portland, and just minutes away from the SE Morrison Bridge, I-5, Hawthorne, and Burnside Bridge. The space includes a shared kitchen area equipped with a dishwasher, refrigeration, and food preparation and storage areas. Common restrooms and multiple secured entrances are available. Shared grade doors provide ease of loading and shipping larger equipment or other inventory. Located on the second floor, Suite 10 features an open floor plan with 2 private offices and an extra-wide hallway that could be utilized as an additional lounge area. The space is 648 square feet. The zoning does not work for retail use, and the property is not ADA accessible. The intended use of the property is for office space.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.663082
    Latitude
    45.5177285

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    FAQs

    What type of property is this?
    Office space - Recently renovated creative office space in a diverse business district.
    Where is this office space located?
    The property is located at 222-238 SE Alder St Portland, OR.
    What is the lease rate?
    The lease rate is $47 SF/Yr.
    What are key features of this property?
    This property features: - Recently renovated creative office space.; - Prime location in a diverse business district, close to OMSI, Willamette River waterfront, and various restaurants.; - Easy access to downtown Portland, Sellwood/Clackamas, and NE Portland.
    (503) 539-1341
    Request Owner's contact information
    222-238 SE Alder St Portland, OR 97214
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    Portland, OR 97214
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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
    222-238 SE Alder St Portland, OR 97214
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