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    5625 83Rd Ave Portland, OR 97266

    Sponsored
    For Sale
    $367,999

    616 SF Office, Updated, Great Location

    Property size:
    616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-story, 616-square-foot office building in Portland, Oregon, presents a fantastic owner-user opportunity. Located at 5625 SE 83rd Ave, 97266, this Class C property boasts a recent 2022 renovation, including a new roof-mounted HVAC system, durable wide-plank LVP flooring, fresh paint, upgraded bathroom fixtures and hardware. The building sits on a 4,000-square-foot lot and includes three off-street parking spaces directly in front. A significant advantage is the expansive 2,100-square-foot rear storage yard with convenient 18-foot alley access, ideal for businesses requiring extra space. The interior features a convenient breakroom complete with a shower. The property is currently vacant and zoned CM3, offering flexibility for various uses. Its proximity to I-205 via Foster Road (half a mile east) ensures excellent accessibility. The asking price is $367,999, translating to $597.40 per square foot. This is a turnkey solution for a small business seeking a well-maintained office space with ample outdoor area. The property's features make it suitable for a variety of businesses, including those needing storage or outdoor space. The building's 1986 construction date and recent renovation combine to offer a blend of character and modern functionality. The Multnomah County location adds to its appeal.

    Property Features for 5625 83Rd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    616 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1986/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2,100 SF rear yard with 18' alley access.
    • 3 off‑street parking spaces.
    • CM3 zoning.
    • 2022 renovation including new LVP flooring, paint, bathroom upgrades, fixtures, and HVAC.
    • Breakroom with shower.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foster-Lents Denture Services Dentist Crown Dental Laboratory Dental Laboratory LIN KONG Acupuncturist

    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
    -122.5782002
    Latitude
    45.481837

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    FAQs

    What type of property is this?
    Office Property / Space - 616 SF Office, Updated, Great Location
    Where is this office property / space located?
    The property is located at 5625 83Rd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $367,999.
    What are key features of this property?
    This property features: 2,100 SF rear yard with 18' alley access.; 3 off-street parking spaces.; CM3 zoning.
    (503) 201-8537
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    5625 83Rd Ave Portland, OR 97266
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    Portland, OR 97266
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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
    5625 83Rd Ave Portland, OR 97266
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