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    11703-11731 NE Glisan St Portland, OR 97220

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    For Sale
    Contact for pricing

    Value-add office building in Portland's Hazelwood neighborhood for sale.

    Property Features for 11703-11731 NE Glisan St

    General Information

    Zoning
    CM1 - City of Portland

    Building Details

    Year built
    1950

    Source: Clayton Madey, SIOR Agent Clayton Madey, SIOR

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

    Overview

    Portland Office Building Investment Opportunity

    This property presents a value-add investment opportunity in a growing area of Portland, situated in the Hazelwood neighborhood. It offers potential for office rental income or redevelopment, with frontage on NE Glisan Street. The location benefits from convenient TriMet Max access. Nearby amenities include Mall 205 and the Gateway Shopping Center. The property currently has strong existing leases and generates roughly $82,000 in net operating income, providing an attractive yield on in-place rents. Leasing the remaining 1,300 square feet could potentially increase the cap rate to over 7%. The corner location provides immediate access and visibility from NE Glisan Street and is less than 1 mile from I-205 and I-84. On-site parking is available with 12 surface spaces. The property is also within walking distance of restaurant and retail amenities. It is well-positioned as a 1031 exchange solution.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage 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
    -122.5418168
    Latitude
    45.5265931

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    FAQs

    What type of property is this?
    Office building - Value-add office building in Portland's Hazelwood neighborhood for sale.
    Where is this office building located?
    The property is located at 11703-11731 NE Glisan St Portland, OR.
    What are key features of this property?
    This property features: - Value-add investment opportunity with potential for increased rental income or redevelopment.; - Attractive yield on in-place rents with approximately $82k net operating income.; - Strategic corner location with high visibility and immediate access to NE Glisan Street.
    (503) 896-6286
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    11703-11731 NE Glisan St Portland, OR 97220
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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
    11703-11731 NE Glisan St Portland, OR 97220
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