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    4023-4029 Tillamook St Portland, OR 97212

    Sponsored
    For Sale
    $875,000

    3,132 SF Office, $875,000

    Property size:
    3,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional freestanding commercial building, located at 4023-4029 NE Tillamook St in Portland, Oregon's vibrant Hollywood district, presents a unique investment opportunity. The property boasts a total of 3,132 square feet, thoughtfully divided into three separate tenant suites on the main floor (2,449 SF) and a 683 SF basement. Situated on a prominent corner lot spanning 5,000 square feet, this 1958-built structure offers excellent visibility and accessibility. The CM1 zoning provides remarkable flexibility, permitting a wide range of uses including office, retail, daycare, and medical clinics. The current configuration allows for continued multi-tenant occupancy or the potential to consolidate the space into a single, expansive unit for an owner-occupier. Each suite features a substantial office build-out and includes its own restrooms. Ample parking is available both on-site and conveniently nearby on the street. Building signage is also a possibility, enhancing visibility and branding opportunities. This property represents a compelling chance to acquire a well-located, versatile commercial building in a thriving Portland neighborhood. The asking price is $875,000.

    Property Features for 4023-4029 Tillamook St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,132 SF

    Building Details

    Year Built
    1958

    HighLights

    • Freestanding commercial building with off‑street parking.
    • Building signage permitted.
    • Three tenant suites totaling 3,132 SF (2,449 SF main floor, 683 SF basement), each with substantial office build‑out and private restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -122.6212512
    Latitude
    45.5379215

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    FAQs

    What type of property is this?
    Office Property / Space - 3,132 SF Office, $875,000
    Where is this office property / space located?
    The property is located at 4023-4029 Tillamook St Portland, OR.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Freestanding commercial building with off-street parking.; Building signage permitted.; Three tenant suites totaling 3,132 SF (2,449 SF main floor, 683 SF basement), each with substantial office build-out and private restrooms.
    (503) 227-2500
    Request Owner's contact information
    4023-4029 Tillamook St Portland, OR 97212
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    Portland, OR 97212
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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
    4023-4029 Tillamook St Portland, OR 97212
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