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    1541 181St Ave Portland, OR 97230

    Sponsored
    For Lease
    $18 SF/Yr ($2,779 /Mo)

    1853 SF Retail Space in Portland, OR

    Lot size:
    1,853 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,853-square-foot retail space, located at 1541 NE 181st Avenue in Portland, Oregon's Multnomah County, presents a unique investment opportunity. Situated within an existing and operational 24 Hour Fitness gym, this single-tenant space is ideally suited for a variety of fitness-related businesses. Potential uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, and the sale of sport, health, and wellness products. The space is not suitable for businesses that prepare food and drink on-site, offer pole dancing classes, or require extensive construction or utility upgrades. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is conveniently located in the Portland submarket, with easy access to major transportation routes and a strong local demographic. This turnkey space offers immediate occupancy and significant potential for growth within a thriving fitness environment. The property's address is 1541 NE 181st Ave, Portland, OR 97230.

    Property Features for 1541 181St Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,853 SF
    Total Rate
    2779.5

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,853 SF
    Rate per SF
    $18

    HighLights

    • State‑of‑the‑art fitness center.
    • On‑site fitness center.
    Property Profile Location Intelligence

    Current Use by Public Records

    24 Hour Fitness Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.4798141
    Latitude
    45.5341387

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    FAQs

    What type of property is this?
    Individual retail property - 1853 SF Retail Space in Portland, OR
    Where is this individual retail property located?
    The property is located at 1541 181St Ave Portland, OR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: State-of-the-art fitness center.; On-site fitness center.;
    Request Owner's contact information
    1541 181St Ave Portland, OR 97230
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    Portland, OR 97230
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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
    1541 181St Ave Portland, OR 97230
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