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    240 N Broadway Ave Portland, OR

    For Lease
    $19 SF/Yr ($8,854 /Mo)

    Office space with on-site cafe and brewery in Portland.

    Property size:
    5,449 SF
    Lot size:
    0.64 Acres

    Property Features for 240 N Broadway Ave

    General Information

    Size
    5,449 SF
    Lot size
    0.64 Acres

    Source: Colliers | Portland Agent J.T. Sand

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

    Overview

    Portland Office Space with Brewery

    This Portland property, originally a warehouse converted to office space, features vaulted ceilings and large windows. Seismic retrofitting was completed in 2020, and the building is Energy Star certified. Amenities include locker rooms with showers, an on-site cafe and brewery (Upright Brewery, voted Portland’s #2 best brewery), and extensive covered and indoor bike parking. The property is located on the streetcar line and is blocks from the Rose Quarter Transit Center, providing access to numerous MAX light rail and bus lines. On-site parking is available at a ratio of 0.6 per 1000 square feet, with an additional parking agreement for nearly unlimited parking in the adjacent Rose Quarter garage. The available space is 5449 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5134351
    Latitude
    45.4433066

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    FAQs

    What type of property is this?
    Office space - Office space with on-site cafe and brewery in Portland.
    Where is this office space located?
    The property is located at 240 N Broadway Ave Portland, OR.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - On-site cafe & brewery, **Upright Brewery, voted Portland’s #2 best brewery**; - Located on the streetcar line and blocks from Rose Quarter Transit Center (MAX light rail and bus lines); - **Extensive covered & indoor bike parking**
    (503) 223-3123
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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
    240 N Broadway Ave Portland, OR
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