Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    88 Murray Blvd Portland, OR 97229

    Sponsored
    For Sale
    $995,000

    Profitable 2-Story, 2,034 SF Office/Retail

    Property size:
    2,034 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 88 NW Murray Blvd in Portland, Oregon, presents a lucrative investment opportunity. The building, constructed in 2007, boasts a total of 2,034 square feet, perfectly divided into 1,017 square feet of retail space on the ground floor and an equal amount of office space on the second floor. Currently operating at 100% occupancy, this property offers immediate cash flow. Situated on a 0.13-acre lot (APN R0636805), the building benefits from high visibility and significant traffic volume due to its strategic location directly off the Murray Boulevard exit of Highway 26. This provides excellent access to Highway 217, ensuring convenient commutes for both employees and customers. The property is zoned NC and features a two-story structure. The asking price is $995,000, translating to a price per square foot of $489.18. This represents a strong value proposition in the vibrant Portland market. The property's excellent location, combined with its current high occupancy rate and versatile floor plan, makes it an ideal investment for discerning buyers seeking a stable and profitable asset. Don't miss this chance to acquire a thriving mixed-use property in a prime Portland location.

    Property Features for 88 Murray Blvd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,034 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    2

    HighLights

    • 2,034 SF mixed‑use building in Portland, OR, on a 0.13‑acre lot (APN R0636805).
    • 100% occupied, generating immediate cash flow.
    • Evenly divided: 1,017 SF retail (ground floor) and 1,017 SF office (second floor).
    • High‑visibility location off Highway 26's Murray Blvd exit, with easy access to Highway 217.
    • $995,000 asking price ($489.18/SF).
    • Built in 2007, zoned NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    E-Fly Travel Inc Travel Agency Murray Massage Spa el jalisco 2 ... Restaurant New Mobile Food Mobile Caterer D'Elegant Nails Nail Salon

    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
    Washington
    State
    Oregon
    Longitude
    -122.8156469
    Latitude
    45.52027

    Nearby Similar for Sale

    • $1,475,000
      5,899 SF

      Turn-Key Multifamily Investment Opportunity

      Well-maintained, income-generating property in desirable Mill Park neighborhood.
      2448 SE 117Th Ave, Portland, OR 97216
      View Details
    • $690,000
      0.11 Acres

      Richmond Duplex: Investment Opportunity

      Charming 1912 duplex in the heart of Richmond.
      3504 SE Sherman St, Portland, OR 97214
      View Details
    • New
      $474,900
      0.12 Acres

      Classic Portland Duplex Opportunity

      Rare Portland duplex with two units, ideal for investment.
      9023 SE Ankeny St, Portland, OR 97216
      View Details
    • $699,000
      2,164 SF

      Portland Duplex with Income Potential

      Spacious duplex in Portland, ideal for owners or investors.
      402 SE 75Th Ave, Portland, OR 97215
      View Details
    • New
      $2,800,000
      7,065 SF

      New Multifamily Investment Opportunity

      Newly constructed, fully rented property with condo conversion potential.
      6061 NE Simpson St, Portland, OR 97218
      View Details
    • New
      $550,000

      Montavilla Mixed-Use Development Opportunity

      Quarter-acre lot in Portland's Montavilla neighborhood with commercial zoning.
      415 SE 94Th Ave, Portland, OR 97216
      View Details
    • New
      $6,999,000
      15,956 SF

      New Multifamily Portfolio in Portland

      Portfolio of 17 units in prime Portland locations.
      NE Ainsworth St, Portland, OR 97211
      View Details
    • New
      $639,900
      1,447 SF

      Charming Concordia Duplex with ADU

      Updated 1949 duplex with permitted ADU near Alberta St.
      3286 NE Holman St, Portland, OR 97211
      View Details
    • $839,900
      4,781 SF

      Portland Multifamily with Airbnb Potential

      Multigenerational living or short-term rental in Portland's SW Hills.
      3412 SW 13Th Ave, Portland, OR 97239
      View Details
    • $725,000
      4,500 SF

      Mixed-Use Property with Development Potential

      Mixed-use property with income, development potential, and CM2 zoning.
      8325 SE Division St, Portland, OR 97266
      View Details
    • New
      $640,000
      2,607 SF

      Remodeled Duplex in NW Portland

      Updated duplex in desirable NW Portland location, ideal for investors.
      2115 NW 22Nd Ave, Portland, OR 97210
      View Details
    • New
      $5,424,900
      13,521 SF

      New Multifamily Portfolio in Portland

      Newly built 17-unit multifamily portfolio across three Portland neighborhoods.
      5855 NE Prescott St, Portland, OR 97218
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Profitable 2-Story, 2,034 SF Office/Retail
    Where is this mixed-use property located?
    The property is located at 88 Murray Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 2,034 SF mixed-use building in Portland, OR, on a 0.13-acre lot (APN R0636805).; 100% occupied, generating immediate cash flow.; Evenly divided: 1,017 SF retail (ground floor) and 1,017 SF office (second floor).
    Request Owner's contact information
    88 Murray Blvd Portland, OR 97229
    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.
    88 Murray Blvd
    Portland, OR 97229
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    88 Murray Blvd Portland, OR 97229
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.