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    7843-7845 SW Capitol Hwy Portland, OR 97219

    For Sale
    $1,850,000

    Prime location with value-add potential in high-demand Portland neighborhood.

    Property size:
    8,396 SF
    Lot size:
    0.14 Acres

    Property Features for 7843-7845 SW Capitol Hwy

    General Information

    Size
    8,396 SF
    Lot size
    0.14 Acres

    Source: Northmarq | Lake Oswego Agent Michael Kapnick

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

    Overview

    Multnomah Village Investment Opportunity

    Located in the high-demand Portland neighborhood of Multnomah Village, this property offers a prime investment opportunity. The location benefits from a dense residential area with over 110,000 people within a 3-mile radius and affluent demographics, including an average household income of over $169,000 within a 1.5-mile radius. The property is situated in a walkable location near restaurants, retail, parks, and community amenities, with strong connectivity via SW Multnomah Blvd to I-5 & Hwy 99W, which sees over 130,000 vehicles per day combined. Over 1,300 new multifamily units have been built nearby since 2022, with an occupancy rate exceeding 91%. The property features small-format suites, averaging 400 square feet, which meet growing demand and reduce leasing risk. The property is 96% occupied at below-market rents, offering strong value-add potential. One-third of the gross leasable area has been occupied by long-term tenants for over 10 years. The flexible zoning allows for retail, office, and residential uses. The property is located in an exceptionally tight office submarket with less than 1% vacancy.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.7138579
    Latitude
    45.4680695

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    FAQs

    What type of property is this?
    Retail space - Prime location with value-add potential in high-demand Portland neighborhood.
    Where is this retail space located?
    The property is located at 7843-7845 SW Capitol Hwy Portland, OR.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - High-demand location in Multnomah Village.; - Strong value-add potential due to below-market rents and 96% occupancy.; - Exceptionally tight office submarket with <1% vacancy.
    (503) 952-0700
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    7843-7845 SW Capitol Hwy Portland, OR 97219
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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
    7843-7845 SW Capitol Hwy Portland, OR 97219
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