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    216 NW 15Th Ave Portland, OR 97214

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    For Sale
    $850,000

    Creative office/retail space with open layout and natural light.

    Property size:
    1,676 SF
    Lot size:
    0.04 Acres

    Property Features for 216 NW 15Th Ave

    General Information

    Size
    1,676 SF
    Lot size
    0.04 Acres

    Source: Apex Real Estate Partners Agent Irfan Tahir

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

    Overview

    Creative Space with High Ceilings

    This property presents an excellent opportunity for creative office, retail, or studio use. The building, constructed in 1925 and renovated in 1999, has a size of approximately 1,676 square feet and is situated on a site of approximately 0.04 acres. The interior features a great open layout with high ceilings, a kitchenette, ample storage, and a restroom with a shower. A large skylight and oversized front windows provide abundant natural light throughout the space. The zoning is EX – Central Employment. The property is in excellent proximity to restaurants, bars, entertainment, and shopping. An adjoining parking lot is potentially available for purchase as well.
    Insight Report Location Intelligence

    Current Use by Public Records

    What'a Ya Think Graphic Designer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6860236
    Latitude
    45.524625

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    FAQs

    What type of property is this?
    Creative space - Creative office/retail space with open layout and natural light.
    Where is this creative space located?
    The property is located at 216 NW 15Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Great open layout with high ceilings, kitchenette, ample storage and restroom with shower; - Abundant natural light throughout the space from **large skylight and oversized front windows**; - Excellent proximity to restaurants, bars, entertainment and shopping
    (503) 757-1960
    Request Owner's contact information
    216 NW 15Th Ave Portland, OR 97214
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    Portland, OR 97214
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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
    216 NW 15Th Ave Portland, OR 97214
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