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    3207 SW 1St Ave Portland, OR 97239

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    For Sale
    $3,680,000

    Four-story office building with abundant natural light and outdoor terrace.

    Property size:
    22,222 SF
    Lot size:
    0.11 Acres

    Property Features for 3207 SW 1St Ave

    General Information

    Size
    22,222 SF
    Lot size
    0.11 Acres

    Source: Capacity Commercial Group, LLC Agent Jeff Valdes

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

    Overview

    Remodeled Office Building in Lair Hill

    This four-story, stand-alone office building is located in the Lair Hill neighborhood. The property features massive windows that allow for abundant natural light. It was completely remodeled in 2017. The building is 42% leased, leaving two floors available. Existing tenants have short-term and below-market leases. The property offers convenient access to Downtown and unique freeway access in all directions. A 1,000 square foot ground-level, outdoor terrace is included. The property is zoned CS (Commercial Storefront). The property size is 22,222 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Western Acceptance LLC Insurance Agency Coast Consulting Business Management Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Hair Salon Dental Office 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
    -122.679246
    Latitude
    45.4999769

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    FAQs

    What type of property is this?
    Office building - Four-story office building with abundant natural light and outdoor terrace.
    Where is this office building located?
    The property is located at 3207 SW 1St Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $3,680,000.
    What are key features of this property?
    This property features: - Unique freeway access in all directions and great ingress/egress to Downtown; - SBA opportunity with two floors available (42% leased); - Massive windows allowing for abundant natural light
    (503) 326-9000
    Request Owner's contact information
    3207 SW 1St Ave Portland, OR 97239
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    Portland, OR 97239
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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
    3207 SW 1St Ave Portland, OR 97239
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