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    8737 N Lombard St Portland, OR 97203

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    For Sale
    $3,600,000

    Mixed-use property in prime St. Johns location with strong income.

    Property size:
    12,968 SF

    Property Features for 8737 N Lombard St

    General Information

    Size
    12,968 SF

    Building Details

    Year built
    2014

    Source: Nicholas Diamond Agent Nicholas Diamond

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

    Overview

    St. Johns Mixed-Use Investment

    This mixed-use property in St. Johns offers an investment opportunity with 6 multifamily units and 7 commercial spaces. Developed in 2014, the property is situated in a prime downtown St. Johns location, within a highly sought-after retail trade area surrounded by local restaurants and retailers. The rentable area totals 12,968 square feet on a 0.35-acre lot. The property is zoned CM2 - Commercial Mixed-Use 2. The property benefits from stabilized project with strong in-place income. Well-maintained storefronts and excellent visibility create a strong retail draw. The location is a short distance from the St. Johns Bridge and Cathedral Park.
    Insight Report Location Intelligence

    Current Use by Public Records

    Pastificio d’Oro Italian Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    -122.7549676
    Latitude
    45.5912401

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in prime St. Johns location with strong income.
    Where is this mixed-use property located?
    The property is located at 8737 N Lombard St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Stabilized project with strong in-place income (NOI: $224,326, CAP Rate: 6.23%); - Prime downtown St. Johns location in a highly sought-after retail trade area; - Mixed-use property with 6 multifamily units and 7 commercial spaces
    (503) 222-2655
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    8737 N Lombard St Portland, OR 97203
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    Portland, OR 97203
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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
    8737 N Lombard St Portland, OR 97203
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