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    1163 63Rd Ave Portland, OR 97213

    Sponsored
    For Lease
    $12 SF/Yr ($18,800 /Mo)

    18,800 SF Manufacturing/Distribution Space

    Lot size:
    18,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,800-square-foot industrial property, located at 1163 NE 63rd Ave in Portland, Oregon, presents a significant opportunity for businesses seeking manufacturing or distribution space. The single-tenant building sits on a 0.75-acre lot and boasts 18-foot ceilings, providing ample vertical space for operations. The property includes 2,500 square feet of office space, ideal for administrative functions. Power is supplied by a robust 400-amp, 3-phase system, ensuring sufficient capacity for demanding operations. The property features fenced and paved parking, offering convenient and secure vehicle access. Its strategic location in the Gateway submarket of Northeast Portland provides excellent interstate exposure and easy access to major transportation arteries, including I-84, I-205, and I-5, facilitating efficient logistics and distribution. Built in 1957, the Class B building is zoned EG2 and has an APN of R227381 within Multnomah County. The property is currently vacant and available for occupancy beginning July 1st, 2025. This is a rare opportunity to acquire a well-located, functional industrial space in a thriving Portland submarket.

    Property Features for 1163 63Rd Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,800 SF
    Class
    B
    Total Rate
    18800

    Building Details

    Year Built
    1957

    Unit(s) available at that property

    Space
    Size
    1 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    BDI-Bearing Distributors Inc. Distribution Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    Multnomah
    State
    Oregon
    Longitude
    -122.599263
    Latitude
    45.531176

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    FAQs

    What type of property is this?
    Distribution property - 18,800 SF Manufacturing/Distribution Space
    Where is this distribution property located?
    The property is located at 1163 63Rd Ave Portland, OR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    1163 63Rd Ave Portland, OR 97213
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    Portland, OR 97213
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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
    1163 63Rd Ave Portland, OR 97213
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