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    2705 Burnside St Portland, OR 97214

    Sponsored
    For Sale
    $4,300,000

    Prime Portland Office Building, High NOI

    Property size:
    16,597 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a stabilized Class B office building located at 2705 E Burnside St, Portland, Oregon 97214. The Burnside Trolley Building offers 16,597 square feet of leasable space, spread across two stories and served by an elevator. The building boasts a classic brick exterior and features on-site parking, a significant advantage in this desirable location. Currently generating a strong pro-forma NOI of $270,650, resulting in a 6.29% pro-forma cap rate, this property offers a compelling return on investment. The asking price is $4,300,000, translating to $259.08 per square foot. The building's tenant base demonstrates remarkable stability, with over half having occupied the space for more than a decade, indicating strong lease longevity and predictable income streams. Situated in close-in Portland, the property benefits from its proximity to numerous amenities, making it an attractive location for businesses and employees alike. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Portland neighborhood. The building's solid performance history and strong tenant relationships make it an ideal addition to any commercial real estate portfolio. This two-story building offers a blend of classic charm and modern functionality, making it a highly sought-after property in the competitive Portland market.

    Property Features for 2705 Burnside St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,597 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $4,300,000 asking price.
    • 16,597 square foot, Class B office building.
    • Stabilized investment with a 6.29% pro‑forma cap rate and $270,650 pro‑forma NOI.
    • Two‑story building with elevator service.
    • Located at 2705 E Burnside St, Portland, OR 97214, offering on‑site parking and classic brick exterior.
    Property Profile Location Intelligence

    Current Use by Public Records

    Organic Partners International Grocery Store Portland Cooperative Divorce Divorce Lawyer Black Cloud Therapy Psychotherapist Simon John Agger Chiropractor Ms. Korina Jochim Marriage Or Relationship Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6378817
    Latitude
    45.5232748

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland Office Building, High NOI
    Where is this office property / space located?
    The property is located at 2705 Burnside St Portland, OR.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: $4,300,000 asking price.; 16,597 square foot, Class B office building.; Stabilized investment with a 6.29% pro-forma cap rate and $270,650 pro-forma NOI.
    Request Owner's contact information
    2705 Burnside 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
    2705 Burnside St Portland, OR 97214
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