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    1650 3Rd Ave Portland, OR 97214

    Sponsored
    For Lease
    $18 SF/Yr

    Versatile Office Suites in vibrant SE Portland

    Lot size:
    268 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Pitman Building, located at 1650 SE 3rd Ave in Portland's CEID submarket of Multnomah County, offers a diverse range of office spaces. This Class B building features a mix of creative office, flex, executive office, coworking, and traditional office options, catering to various business needs. Currently, one storefront space totaling 268 square feet is immediately available, while a further 1,850 square feet of vacant space is available across multiple tenancies within the building. The building is situated above commercial kitchens, providing convenient access to food services. Amenities include on-site guest parking, designated parking for tenants, and secure bike storage for commuters. Security is a priority, with nightly patrols and 24/7 secure building access ensuring peace of mind. The Pitman Building is locally owned and managed, emphasizing a personal and responsive approach to tenant needs. The property's diverse offerings, combined with its convenient location and comprehensive amenities, make it an ideal choice for businesses seeking a dynamic and functional workspace in Portland. The building encompasses retail, office, and industrial space types.

    Property Features for 1650 3Rd Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    268 SF
    Class
    B

    Unit(s) available at that property

    Space
    Suite 207
    Size
    268 SF
    Rate per SF
    $18

    HighLights

    • 1,850 SF of vacant space available in a Class B building.
    • Multiple tenancy options available in a retail, office, and industrial property.
    • Located in the CEID submarket of Multnomah County.
    • Features on‑site guest parking, designated parking, and secure bike storage.
    • Offers nightly security patrol and 24/7 secure building access.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Sugar Trap Hair Removal Service Imaginal Cell Tattoo Shop Rescue Rooter Plumber Web Sharp Studios Software Company LashedPDX Beauty Salon

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6626995077
    Latitude
    45.510804272034

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Versatile Office Suites in vibrant SE Portland
    Where is this refrigerated / cold storage located?
    The property is located at 1650 3Rd 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: 1,850 SF of vacant space available in a Class B building.; Multiple tenancy options available in a retail, office, and industrial property.; Located in the CEID submarket of Multnomah County.
    Request Owner's contact information
    1650 3Rd Ave Portland, OR 97214
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    Portland, OR 97214
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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
    1650 3Rd Ave Portland, OR 97214
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