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    7201 Interstate Ave Portland, OR 97217

    Sponsored
    For Sale
    $10,000,000

    Prime Portland office, ideal owner-user.

    Property size:
    48,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 48,420 square foot, two-story Class B office building presents a unique owner-user investment opportunity in Portland, Oregon. Located at 7201 N Interstate Ave, in Multnomah County, zip code 97217, this single-tenant property sits on a 0.97-acre lot and was built in 1976. The building's low-rise design and ample surface parking offer significant cost advantages compared to high-rises, making it easy to adapt to evolving business needs. Its convenient location provides easy access to I-5, Portland International Airport, and a MAX light rail stop, serving a population of approximately 312,609 within a 5-mile radius. The property benefits from its location in a thriving area attracting major technology companies, contributing to a strong and diverse talent pool. This presents an attractive opportunity to secure long-term cost savings by eliminating rent payments, while simultaneously building after-tax equity. The asking price for this exceptional investment is $10,000,000.

    Property Features for 7201 Interstate Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    48,420 SF
    Class
    B
    Lot Size
    42,253 SF

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    2

    HighLights

    • 48,420 SF, two‑story Class B office building in Portland, OR.
    • Located at 7201 N Interstate Ave, Multnomah County, 97217, on a 0.97‑acre lot. Built in 1976.
    • Single‑tenant, owner‑user opportunity; $10,000,000 asking price.
    • Low‑rise design with ample surface parking; convenient I‑5 access, proximity to PDX airport, and MAX light rail.
    • Situated in a thriving area attracting major tech companies, offering a strong talent pool (53% of Portlanders have at least a bachelor's degree).
    Property Profile Location Intelligence

    Current Use by Public Records

    Miguel A. Camacho, MA Doctor Kaiser Permanente North ... Medical Center Dr. Krista Lowen Dentist David Au-Yeung Dental Implants Periodontist CHRISTINE JULIE OLSON Surgeon

    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
    -122.682483
    Latitude
    45.5757394

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland office, ideal owner-user.
    Where is this office property / space located?
    The property is located at 7201 Interstate Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: 48,420 SF, two-story Class B office building in Portland, OR.; Located at 7201 N Interstate Ave, Multnomah County, 97217, on a 0.97-acre lot. Built in 1976.; Single-tenant, owner-user opportunity; $10,000,000 asking price.
    Request Owner's contact information
    7201 Interstate Ave Portland, OR 97217
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    Portland, OR 97217
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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
    7201 Interstate Ave Portland, OR 97217
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