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    7601 Division St Portland, OR 97206

    Sponsored
    For Sale
    $5,000,000

    Prime 0.92-acre Portland development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.92-acre development opportunity is located at 7601 SE Division Street in Portland, Oregon, within Multnomah County (zip code 97206). Zoned CM2 (Commercial/Mixed Use 2), this property offers significant potential for a variety of uses, including multifamily residential, retail, office, and medical facilities. The asking price is $5,000,000. Its strategic location is just one block from Portland Community College, ensuring high visibility and accessibility. Based on a 4:1 Floor Area Ratio (FAR) plus bonus potential, the buildable area could reach 160,300 square feet. A multifamily development could potentially accommodate up to 213 units, assuming an average unit size of 750 square feet

    Property Features for 7601 Division St

    General Information

    Property type
    Commercial land
    Lot Size
    40,075 SF

    HighLights

    • Development site at SE Division St. & SE 76th Ave.
    • 4:1 FAR with bonus potential, allowing for approximately 160,300 square feet of buildable area.
    • Multifamily development potential of up to 213 units (750 sq ft average unit size), or higher density with micro‑units.
    • CM2 (Commercial/Mixed Use 2) zoning.
    • Permitted uses include multifamily residential, retail, and office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.58510117
    Latitude
    45.50542222

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    FAQs

    What type of property is this?
    Commercial land - Prime 0.92-acre Portland development site.
    Where is this commercial land located?
    The property is located at 7601 Division St Portland, OR.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Development site at SE Division St. & SE 76th Ave.; 4:1 FAR with bonus potential, allowing for approximately 160,300 square feet of buildable area.; Multifamily development potential of up to 213 units (750 sq ft average unit size), or higher density with micro-units.
    (503) 222-2655
    Request Owner's contact information
    7601 Division St Portland, OR 97206
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    Portland, OR 97206
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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
    7601 Division St Portland, OR 97206
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