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    15 NW Park Ave Portland, OR 97209

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    For Lease
    Contact for pricing

    New mixed-use building with retail space in the Pearl District.

    Property size:
    2,003 SF
    Lot size:
    0.46 Acres

    Property Features for 15 NW Park Ave

    General Information

    Size
    2,003 SF
    Lot size
    0.46 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Kathleen Healy

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

    Overview

    Pearl District Retail Space Available

    Located on W. Burnside in the Pearl District, this new mixed-use building is situated across from the North Park Blocks. The building features 138 market-rate apartments above ground-floor retail spaces. The available retail spaces offer high ceilings, expansive glass storefronts, and signage opportunities. Up to two restaurant spaces are available, equipped with type 1 venting. The property is located one block from Powell’s City of Books and near the Brewery Blocks redevelopment. Neighboring tenants include Dr. Martens, North of West, Sizzle Pie, Made Here PDX, and Maurice.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sami Explorer - Reiki ... Reiki Therapist Amara Apartments Apartment Complex

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6794504
    Latitude
    45.5247221

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    FAQs

    What type of property is this?
    Retail space - New mixed-use building with retail space in the Pearl District.
    Where is this retail space located?
    The property is located at 15 NW Park Ave Portland, OR.
    What are key features of this property?
    This property features: - Prime Pearl District location on W. Burnside, across from the North Park Blocks.; - New, mixed-use building with 138 market-rate apartments above ground floor retail.; - Restaurant spaces available with type 1 venting.
    (503) 880-3033
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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
    15 NW Park Ave Portland, OR 97209
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