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    13330 Glenridge Dr Portland, OR 97229

    Sponsored
    For Sale
    $1,200,000

    Portland development opportunity: 1.54 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.54-acre (67,082 square foot) residential development site in Portland, Oregon, presents a unique investment opportunity. Located at 13330 NW Glenridge Dr, in Washington County, zip code 97229, this property is zoned R9-12 Transit Oriented Residential District, offering significant potential. The land is comprised of two lots: Lot A, measuring 1.12 acres (48,787 square feet), and Lot B, encompassing 0.42 acres (18,295 square feet). Previously approved for the construction of 18 attached houses, this site benefits from its convenient location, less than 20 minutes from downtown Portland and close to major employers such as Columbia Sportswear and Nike. The asking price for this combined parcel is $1,200,000, translating to approximately $17.89 per square foot. This presents a compelling opportunity for developers seeking to capitalize on Portland's thriving residential market. The property's prime location and existing approvals significantly reduce development hurdles, making it an attractive investment with considerable upside potential. Detailed zoning information and previous development plans are available upon request.

    Property Features for 13330 Glenridge Dr

    General Information

    Property type
    Land
    Lot Size
    67,082 SF

    HighLights

    • Two residential development lots totaling 1.54 acres (67,082 sq ft).
    • Proximity to major employers including Columbia Sportswear and Nike.
    • Previously approved for 18 attached houses.
    • Less than 20‑minute commute to Downtown Portland.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.81465543382
    Latitude
    45.52287312453

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    FAQs

    What type of property is this?
    Land - Portland development opportunity: 1.54 acres.
    Where is this land located?
    The property is located at 13330 Glenridge Dr Portland, OR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Two residential development lots totaling 1.54 acres (67,082 sq ft).; Proximity to major employers including Columbia Sportswear and Nike.; Previously approved for 18 attached houses.
    (503) 222-2655
    Request Owner's contact information
    13330 Glenridge Dr Portland, OR 97229
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    Portland, OR 97229
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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
    13330 Glenridge Dr Portland, OR 97229
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