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    233 NE Grand Ave Portland, OR 97232

    For Sale
    $1,050,000

    9,000 SF development lot in a central location.

    Property size:
    9,000 SF
    Lot size:
    9.00 Acres

    Property Features for 233 NE Grand Ave

    General Information

    Size
    9,000 SF
    Lot size
    9.00 Acres

    Building Details

    Year built
    1960

    Source: Michael Horter Agent Michael Horter

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

    Overview

    NE Portland Development Opportunity

    This property offers a development opportunity with approximately 9,000 square feet of land in Northeast Portland. The site includes a building with a size of approximately 3,492 square feet. The zoning is EX - Central Employment, providing flexible options for potential allowable uses such as retail, office, light industrial, and mixed-use developments. The location offers high visibility along NE Grand Ave and is in close proximity to both I-84, I-5, and public transit. Currently, an autobody shop occupies the development lot. The zoning allows for a 9:1 maximum FAR and a 200’ maximum height.
    Insight Report Location Intelligence

    Current Use by Public Records

    Import Auto Sales, ... Car Dealer Gateway Tire World ... Tire Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6610259
    Latitude
    45.5248527

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    FAQs

    What type of property is this?
    Commercial land - 9,000 SF development lot in a central location.
    Where is this commercial land located?
    The property is located at 233 NE Grand Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - 9,000 SF Development Opportunity in NE Portland; - High Visibility Along NE Grand Ave; - Flexible EX - Central Employment Zoning (Retail, Office, Light Industrial, Mixed-Use)
    (503) 936-8332
    Request Owner's contact information
    233 NE Grand Ave Portland, OR 97232
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    233 NE Grand Ave
    Portland, OR 97232
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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
    233 NE Grand Ave Portland, OR 97232
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