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    The Largest CRE Database in the US with Over 1 Million Listings

    825 NE Multnomah St Portland, OR 97232

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    For Lease
    Contact for pricing

    Vibrant Lloyd community location with abundant natural light and amenities.

    Property size:
    23,563 SF
    Lot size:
    0.55 Acres

    Property Features for 825 NE Multnomah St

    General Information

    Size
    23,563 SF
    Lot size
    0.55 Acres

    We can help!

    Listing Contact
    Jeff Falconer
    Jeff Falconer
    Source: Moodyscre

    Listing Agent: Jeff Falconer

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

    Learn more

    Property Insight Report

    Overview

    Prime Office Space in Portland

    Located in the heart of Portland’s vibrant Lloyd community, this office space offers abundant exterior glass, providing natural light and panoramic views. On-site property management and engineering staff are available. Parking is provided at a ratio of 2:1000 in the parking garage and surface lot. Conference rooms are located within the building. The property is adjacent to Lloyd Center with access on the mezzanine level and across from Hassalo on Eighth retail and restaurants. On-site amenities include a sundry shop, dry cleaning service, jeweler, cafe, espresso bar, and banking. Immediate access is available to area restaurants, hotels, business services, the Oregon Convention Center, and the Moda Center. The Tuesday Lloyd Farmers Market is two blocks away. Multiple transportation options are available, including MAX Red, Blue & Green light rail, TriMet bus lines, and the Portland Streetcar, which are just a few blocks away. Superior freeway and airport access is provided. The property size is 23,563 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sally Li, Peak ... Loan Service Kellie Jenkins, Principal ... Real Estate Agency Meridian Wealth Advisors ... Financial Advisor Guild Mortgage - Shane ... Loan Service Fidelity National Title Title Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.657662
    Latitude
    45.5325605

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    FAQs

    What type of property is this?
    Office space - Vibrant Lloyd community location with abundant natural light and amenities.
    Where is this office space located?
    The property is located at 825 NE Multnomah St Portland, OR.
    What are key features of this property?
    This property features: - Prime location in Portland's Lloyd District, adjacent to Lloyd Center with direct access.; - Abundant natural light and panoramic views due to extensive exterior glass.; - Multiple transportation options: MAX light rail, bus lines, and streetcar access.
    (503) 307-3075
    Request Owner's contact information
    825 NE Multnomah St Portland, OR 97232
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    Portland, OR 97232
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    825 NE Multnomah St Portland, OR 97232
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    We can help!
    Listing Contact
    Jeff Falconer
    Jeff Falconer
    (503) 307-3075
    Learn more
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