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    Historic Irvington Mixed-Use Building Title is generated by Realmo AI

    1836 NE 7th Ave, Portland, OR 97212

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    35,000 sq ft mixed-use building in Irvington Historical Neighborhood.

    Type:Retail, Office, Restaurant
    Property size:
    35,000 SF
    Added:
    Jan 25, 2022
    Days on Market:
    1591
    Last Refresh:
    May 12 at 10:41 pm

    Property Features for 1836 NE 7th Ave

    General Information

    Standard status
    Active
    Size
    35,000 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1913

    Spaces For Lease

    at 1836 NE 7th Ave Contact us

    Suite 103 $12/Mo

    Size
    1,679 SF
    Type
    Retail, Office
    Ground-level corner retail suite with an open reception area and a shared kitchen....
    show more
    Contact us

    Suite 114 $34/Mo

    Size
    126 SF
    Type
    Office
    This private office has been recently renovated and has modern finishes throughout....
    show more
    Contact us

    Suite 115 $34/Mo

    Size
    126 SF
    Type
    Retail, Office
    This private office has been recently renovated and has modern finishes throughout....
    show more
    Contact us

    We can help!

    Listing Contact
    Matt Schweitzer

    Listing agent Matt Schweitzer License #940600121

    Listing office North Rim Commercial Properties

    Listing date Jan 25, 2022

    Source Crexi

    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 North Rim Commercial Properties

    HighLights

    • Prime location in the Irvington Historical Neighborhood, close to the Lloyd District.
    • Bright, open spaces with floor‑to‑ceiling windows and abundant natural light.
    • Unique blend of historic charm with modern updates, including exposed old‑growth timbers and polished cement floors.
    • Sustainably updated with amenities such as off‑street parking, ADA accessibility, luxurious restrooms with commuter shower, passenger elevator, and secure bike storage.
    • Versatile mixed‑use building suitable for retail, creative office, and commercial kitchen spaces.
    • High‑visibility retail space and upper‑level offices with city views.

    Overview

    The Mont-Blanc Building is a 35,000 sq. ft. mixed-use property that blends the Irvington neighborhood’s historic beauty with bright, open spaces and polished cement floors. The building features exposed old-growth timbers and floor-to-ceiling windows. It offers retail, creative office, and commercial kitchen spaces. The property is located in close-in Portland, at the southwestern corner of the Irvington Historical Neighborhood. Street-level tenants have high-visibility retail space in the surging Lloyd District. Upper-level creative and tech offices enjoy a vista over the city. Commercial kitchen and catering spaces are available. The building has been sustainably updated for ease of use and includes off-street parking options, ADA-accessible facilities, luxurious restrooms with a commuter shower, a passenger elevator, and secure bike storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Optimum Performance Motorsports, ... Motorcycle Shop Elsa Mitchell Physician Zócalo Wellness Gym & Fitness Center Familia Industrial Kitchen Restaurant Dr. Carl Baird Alternative Medicine Practice

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6582783
    Latitude
    45.5362702

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    FAQs

    What type of property is this?
    Mixed-use property - 35,000 sq ft mixed-use building in Irvington Historical Neighborhood.
    Where is this mixed-use property located?
    The property is located at 1836 NE 7th Ave Portland, OR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the Irvington Historical Neighborhood, close to the Lloyd District.; Bright, open spaces with floor‑to‑ceiling windows and abundant natural light.; Unique blend of historic charm with modern updates, including exposed old‑growth timbers and polished cement floors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Schweitzer
    Real Estate License ID: 940600121
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    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
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