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    55 Farragut St Portland, OR 97211

    For Lease
    $10 SF/Yr ($19,848 /Mo)

    Versatile Portland industrial space available

    Lot size:
    22,157 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Portland, Oregon industrial property, located at 55 NE Farragut St, offers 22,157 square feet of flexible space in a two-story building. Situated in the Piedmont neighborhood, it provides easy access to I-5. The property features nine suites ranging from 532 to 6,539 square feet, ideal for various businesses including office, retail, production, and manufacturing. Seven convenient drive-in bays are available. Utilities such as electricity and natural gas are tenant-paid, along with garbage disposal. Currently, one space is available, with sizes ranging from 532 to 3,433 square feet. The property is in Multnomah County, Oregon, with a 97211 zip code. Detailed lease rates are available upon request. Serious inquiries only.

    Property Features for 55 Farragut St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,157 SF
    Total Rate
    19848.98

    Unit(s) available at that property

    Space
    Suite 07
    Size
    3,433 SF
    Rate per SF
    $10

    HighLights

    • Prime downtown location.
    • Excellent freeway accessibility.
    • High ceilings.
    • Abundant natural light.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keep Trucking Garage Auto Repair Shop Balance Media Video Production Service Times Two Studios Photographer AMO Bladesmithing Blacksmith Water in the Desert Dance Company

    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
    -122.665636
    Latitude
    45.5796594

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    FAQs

    What type of property is this?
    Office space - Versatile Portland industrial space available
    Where is this office space located?
    The property is located at 55 Farragut St Portland, OR.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown location.; Excellent freeway accessibility.; High ceilings.
    Request Owner's contact information
    55 Farragut St Portland, OR 97211
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    Portland, OR 97211
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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
    55 Farragut St Portland, OR 97211
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