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    10915 SE Stark St Portland, OR 97216

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    For Sale
    Contact for pricing

    Leased to Physical Rehabilitation Network with renewal option.

    Property Features for 10915 SE Stark St

    General Information

    Zoning
    CM2

    Building Details

    Year built
    2003

    Source: Joe Kappler Agent Joe Kappler

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

    Overview

    Single-Tenant Property in Gateway Submarket

    This single-tenant property is leased to Physical Rehabilitation Network (PRN), which operates in over 16 states with more than 180 clinics. PRN purchased Gateway Sports Medicine two years ago and subsequently signed a five-year lease back in December 2019. PRN offers a range of rehabilitation services, including chiropractic care, physical therapy, acupuncture, and therapeutic massage. The tenant has one five-year option to renew at fair market value. The current rent is fixed at $6,000 per month NNN for the remainder of the lease term. A new roof was installed in December 2020. The lease expires on December 15, 2024. Located in the Gateway submarket, the property offers convenient access to I-205, I-84, the airport, and downtown. It also benefits from its proximity to Mall 205 and the Gateway MAX stop. The seller also owns the neighboring property at 420 SE 109th Avenue (zoned CM2, 864 SF house on 9,366 SF) and is open to selling both together.
    Insight Report Location Intelligence

    Current Use by Public Records

    Stanley R. Gorman, ... Physical Therapist Bree-Lyn Martindale Physical Therapist Rene C. St ... Chiropractor Neena M. Kirkwood, ... Physical Therapist Dr Jura Surgeon

    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
    -122.5510201
    Latitude
    45.519207

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    FAQs

    What type of property is this?
    Medical space - Leased to Physical Rehabilitation Network with renewal option.
    Where is this medical space located?
    The property is located at 10915 SE Stark St Portland, OR.
    What are key features of this property?
    This property features: - Single-tenant property leased to Physical Rehabilitation Network (PRN).; - NNN lease provides fixed monthly income of $6,000 through December 15, 2024.; - Potential cap rate increase to 6.7% in 3 years.
    (503) 972-7294
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    10915 SE Stark St Portland, OR 97216
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    Portland, OR 97216
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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

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    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
    10915 SE Stark St Portland, OR 97216
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