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    2828 SW Naito Pkwy Portland, OR 97201

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    For Sale
    $3,650,000

    Move-in ready office building with parking and income potential.

    Property size:
    28,028 SF
    Lot size:
    0.41 Acres

    Property Features for 2828 SW Naito Pkwy

    General Information

    Size
    28,028 SF
    Lot size
    0.41 Acres

    Source: Apex Real Estate Partners Agent Irfan Tahir

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

    Overview

    Historic Office Building with Income

    This historic building, currently used as faculty and staff offices, is located south of Portland’s central business district. It offers convenient access to I-5, I-404, and the proposed TriMet MAX rail expansion, providing excellent connectivity throughout the Portland metro area. The property features ample on-site parking and excess land currently utilized as garden space. An existing cell tower lease generates income. The building is ADA accessible, with an elevator servicing each floor. The move-in ready build-out includes numerous offices, conference rooms, kitchenettes/break areas, storage space, and an outdoor deck. The City of Portland has planned improvements to reconfigure the Ross Island bridgehead, intending to reconnect South Portland to SW Naito Parkway, create a connected community, and improve traffic flow. The property size is 28,028 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lot Parking Administration Building at NUNM University NUNM Press Book Store Lough Dana Insurance Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Law Firm 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
    -122.6773291
    Latitude
    45.5025422

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    FAQs

    What type of property is this?
    Office building - Move-in ready office building with parking and income potential.
    Where is this office building located?
    The property is located at 2828 SW Naito Pkwy Portland, OR.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Income-generating cell tower lease.; - Excellent location south of Portland's central business district with access to I-5, I-404, and proposed TriMet MAX expansion.; - Move-in ready with ample offices, conference rooms, kitchenettes/break areas, storage, and an outdoor deck.
    (503) 757-1960
    Request Owner's contact information
    2828 SW Naito Pkwy Portland, OR 97201
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    Portland, OR 97201
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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
    2828 SW Naito Pkwy Portland, OR 97201
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