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121-151 NE 102nd Avenue, Portland, OR 97220

Five-building office complex with parking and transit access in Gateway.

Days on Market184

Property Features for 121-151 NE 102nd Avenue

General Information

Standard status Active
Property subtype Office

Building Details

Year Built 1977
Listing Agency: Macadam Forbes
Listed By: Tyler Collins · License #OR #201219113
Source: Macadamforbes
Added: Jan 27 Changed: Jul 10 Last Checked: Jul 30 at 3:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes

Investment Insights

Based on property information with market context.

This five-building, multi-tenant office complex caters to both office and medical tenants seeking a long-term location. The complex provides abundant parking and convenient access to nearby public transit stops, along with a wide array of surrounding amenities. Situated in the Gateway area off NE 102nd Avenue, near Burnside Street, Professional Plaza 102 benefits from immediate access to both I-205 and I-84. The location boasts a Bike Score of 96, a Walk Score of 81, and a Transit Score of 73, offering tenants various commute options. Building and parking lot upgrades were completed in 2021. The parking ratio is 4.7/1,000 SF, and parking is negotiable. Monument signage is available. The complex is located south of Gateway Center, Trimet MAX Station, Fred Meyer, Providence Medical Center, and the junction of I-84 and I-205, and north of Mall 205, which includes anchor tenants such as Home Depot, Target, and Adventist Medical Center.

Key Highlights

  • Excellent Commute Options: High Bike Score (96), Walk Score (81), and Transit Score (73).
  • Prime Location: Near Gateway Center, Trimet MAX Station, I‑84, and I‑205.
  • Abundant Parking: High parking ratio of 4.7/1,000 SF.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Auto Parts Store HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,506
Businesses Nearby

Demographics for 97220, OR

29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value

Market

Lease Benchmarks for Portland, OR

$18.37 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
21,894 SF
Avg Space Size

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Five-building office complex with parking and transit access in Gateway.
Where is this office building located?
The property is located at 121-151 NE 102nd Avenue Portland, OR.
What are key features of this property?
This property features: Excellent Commute Options: High Bike Score (96), Walk Score (81), and Transit Score (73).; Prime Location: Near Gateway Center, Trimet MAX Station, I‑84, and I‑205.; Abundant Parking: High parking ratio of 4.7/1,000 SF.
More about this property
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