Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3303 N Mississippi Ave Portland, OR 97227

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr

    Fully outfitted gym in a Class A building available now.

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Marissa Lee
    Marissa Lee
    Source: Commercialrenw

    Listing Agent: Marissa Lee

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

    Learn more

    Overview

    Turnkey Gym in Class A Building

    The PDX Flatiron is a modern, six-story, Class A building located on Mississippi Avenue in Portland. Its architectural design features large, double-height windows that provide ample natural light throughout the interior. The available space is suitable for a fully equipped, turnkey gym, ready for immediate operation. The property is located within walking distance of over 600 newly constructed apartment units and is within one mile of over 18,000 daytime employees. The PDX Flatiron building is positioned in one of Portland's most vibrant areas on Mississippi Avenue, with convenient access to I-5 and I-405. Trimet bus line 4 is just one block away, and numerous popular bars, breweries, coffee shops, and eateries are within easy walking distance. The space includes a dedicated restroom.
    Location Intelligence

    Current Use by Public Records

    Schwartz Intellectual Property ... Law Firm Young Hip & Married ... Wedding Service PolishedAgency Advertising Agency ReputationUs Marketing & Advertising Brandlive (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Yoga for Bigger Bodies, XTC Fitness, ChangeWorks Institute, Na-Meth-Ste Yoga Studios, Simian Fitness

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.675888
    Latitude
    45.547049

    Nearby Similar for Lease

    • Contact for pricing

      Lincoln Center

      Discover many ways to work your way in Lincoln Center
      10260 Greenburg Rd, Portland, OR 97223
      View Details
    • Contact for pricing

      Sixth & Main

      Discover many ways to work your way in Sixth & Main
      1050 6Th Ave, Portland, OR 97204
      View Details
    • Contact for pricing

      River Park Center

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      205 Spokane St, Portland, OR 97202
      View Details
    • Contact for pricing

      US Bancorp Tower

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      111 5Th Ave, Portland, OR 97204
      View Details
    • Contact for pricing

      Liberty center

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      650 Holladay St, Portland, OR 97232
      View Details
    • Contact for pricing

      Spaces Slabtown

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      2175 Raleigh St, Portland, OR 97210
      View Details
    • Contact for pricing

      OR, Portland - 555 SE Martin Luther King Boulevard

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      525 Martin Luther King Blvd, Portland, OR 97214
      View Details
    • $1,250 /Mo

      NE Sandy Blvd

      Prime NE Sandy Blvd Retail Space
      11518 NE Sandy Blvd, Portland, OR 97232
      View Details
    • $3,750 /Mo

      Steinmetz Building

      Creative Warehouse Office Space (includes utilities, no NNN)
      1415 SE 8Th Ave, Portland, OR 97214
      View Details
    • $10,000 /Mo

      Warehouse with Convenient I-5 Access

      Warehouse space with docks, grade door, and I-5 access.
      18017 SW Lower Boones Ferry Rd, Portland, OR 97224
      View Details
    • $6,360 /Mo

      Warehouse with Office and Mezzanine

      Sublease available with office, warehouse, and mezzanine space.
      2221 SE Ochoco St, Portland, OR 97222
      View Details
    • $25 SF/Yr

      1607 and 1611 NE 16th Ave, Portland

      Charming Commercial Space for Lease 1607 and 611 NE 16th Ave, Portland
      1607 NE 16Th Ave # Portland, Portland, OR 97232
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - Fully outfitted gym in a Class A building available now.
    Where is this fitness center & gym located?
    The property is located at 3303 N Mississippi Ave Portland, OR.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Fully outfitted turnkey gym ready for immediate operation.; - Located in the PDX Flatiron, a Class A building on Mississippi Avenue.; - High visibility with huge, double-height windows and modern architectural appeal.
    (971) 280-2222
    Request Owner's contact information
    3303 N Mississippi Ave Portland, OR 97227
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3303 N Mississippi Ave
    Portland, OR 97227
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3303 N Mississippi Ave Portland, OR 97227
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marissa Lee
    Marissa Lee
    (971) 280-2222 (503) 309-5106
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!