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    1224 Oak St Portland, OR 97214

    Sponsored
    For Sale
    $3,350,000

    10,800 SF Executive Office, $3.35M

    Property size:
    10,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,800-square-foot stand-alone office building presents a unique investment opportunity in the heart of Southeast Portland, Oregon. Constructed in 2007, the property boasts a desirable CM2 zoning designation, offering versatility for a range of uses. The building features an attractive open floor plan, easily adaptable to various office configurations or clinical settings. A convenient grade-level roll-up door enhances accessibility and functionality, while ample off-street parking provides convenience for employees and clients. Previously utilized for a cannabis operation, the building retains existing infrastructure, though it's currently in excellent condition and readily convertible for alternative uses. The building is served by an elevator, ensuring efficient vertical circulation within the space. Located at 1224 SE Oak St, Portland, OR 97214, this property offers a rare combination of modern construction, flexible layout, and a prime location in a thriving Portland neighborhood. The asking price is $3,350,000. This is a remarkable opportunity to acquire a well-maintained, versatile commercial property with significant potential.

    Property Features for 1224 Oak St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,800 SF

    Building Details

    Year Built
    2007

    HighLights

    • CM2 Zoning allows for a variety of commercial uses.
    • Free‑standing building offers excellent visibility and accessibility.
    • Grade‑level loading dock with roll‑up door facilitates efficient shipping and receiving.
    • 2007 construction ensures modern building systems and finishes.
    • Building includes an elevator for convenient multi‑level access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Daycare Center Clothing Store Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6530506
    Latitude
    45.519872

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    FAQs

    What type of property is this?
    Office Property / Space - 10,800 SF Executive Office, $3.35M
    Where is this office property / space located?
    The property is located at 1224 Oak St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: CM2 Zoning allows for a variety of commercial uses.; Free-standing building offers excellent visibility and accessibility.; Grade-level loading dock with roll-up door facilitates efficient shipping and receiving.
    Request Owner's contact information
    1224 Oak St 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
    1224 Oak St Portland, OR 97214
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