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    Property profile & analytics
    FOR LEASE
    Hotels

    2811 NE 181St Ave, Portland, OR 97230

    57,502 SF 1.99 ac lot Built 2019
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US71-1534239
    Property summary
    AI-generated overview

    This exceptional 56,467 square foot commercial outparcel presents a remarkable investment opportunity in Portland, Oregon. Strategically located at the intersection of Interstate 84 and NE 181st Avenue, this property boasts unparalleled visibility and accessibility. Its prime location within a high-employment area ensures a robust customer base. The site is ideally suited for drive-thru retail development, capitalizing on the significant traffic flow along I-84 and NE 181st Avenue. Nearby major employers include the US Bank Columbia Center, Albertsons Distribution and Support Center, John Deere Distribution Center, Grocery Outlet Distribution Center, and Boeing, providing a substantial pool of potential customers. The surrounding area also features established retailers such as McDonald's, Burger King, and 24 Hour Fitness, further enhancing the site's desirability and potential for success. This property in Multnomah County, Oregon, offers a unique chance to establish a thriving business in a dynamic and rapidly growing market. The address is 2811 NE 181st Ave, Portland, OR 97230. This is a for-sale opportunity.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 2019
    Total area 57,502 SF
    Lot 1.99 ac (86,554 SF)
    Zoning code BP
    APN 1N3E30A 00604
    UPID US71-1534239
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Courtyard Portland East Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    2811 Ne 181 Avenue Owner LP · 4 yrs held
    2811 Ne 181 Avenue Owner LP
    since 2022
    3 recorded transactions
    2022
    2018
    2011
    $733,000
    Zoning & alternative use
    BP · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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