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    35 Weidler St Portland, OR 97232

    Sponsored
    For Sale
    $2,350,000

    Portland Creative Office, $2.35M

    Property size:
    2,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,215 square foot Class C creative office building in Portland's Lloyd District presents a unique owner-user opportunity. Currently vacant, this single-story property offers significant income potential through existing leases. A secured parking lot generates approximately $22,000 annually from Moda Center event rentals, supplemented by a billboard lease generating an additional $23,250 annually through 2030. The building is situated on a 5,922 square foot lot, zoned CXD, and boasts convenient access to both NE Weidler Street and NE Victoria Avenue. The asking price is $2,350,000, with a current Net Operating Income (NOI) of $44,500. This is a triple net (NNN) lease property, providing a strong investment opportunity for an owner-occupant seeking to leverage existing income streams while establishing their business in a vibrant Portland location. The property's vacant status allows for immediate customization to suit specific business needs. This is a rare chance to acquire a well-located, income-producing asset in a thriving urban neighborhood.

    Property Features for 35 Weidler St

    General Information

    Property type
    Office space
    Square Feet
    2,215 SF
    Class
    C

    Building Details

    Stories
    1

    HighLights

    • 2,215 SF Class C creative office building in Portland's Lloyd District.
    • Currently vacant, offering owner‑user potential and significant income upside.
    • Generates $45,250 annual income from parking lot and billboard leases.
    • 5,922 SF lot, CXD zoning, excellent access to NE Weidler & NE Victoria.
    • $2,350,000 asking price with $44,500 current NOI; Triple Net (NNN) lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    City and State Real ... Real Estate Agency Equity Builders Realty Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -122.666044
    Latitude
    45.5346789

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    FAQs

    What type of property is this?
    Office space - Portland Creative Office, $2.35M
    Where is this office space located?
    The property is located at 35 Weidler St Portland, OR.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 2,215 SF Class C creative office building in Portland's Lloyd District.; Currently vacant, offering owner-user potential and significant income upside.; Generates $45,250 annual income from parking lot and billboard leases.
    Request Owner's contact information
    35 Weidler St Portland, OR 97232
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    Portland, OR 97232
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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
    35 Weidler St Portland, OR 97232
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