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    61 Yamhill St Portland, OR 97214

    Sponsored
    For Sale
    $3,000,000

    10,000 SF Manufacturing Space, Vacant

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,000-square-foot Class A industrial building, located at 61 SE Yamhill St, Portland, OR 97214, presents a unique investment opportunity. Built in 1935 and extensively renovated in 2009, this single-story structure sits on a 10,000-square-foot lot and boasts 18-foot ceilings, two loading docks, and 500 amps of 3-phase power. The property is zoned IG1 and features a mix of usable space, including a former bar/tasting room (3,000 sq ft) with kitchen and seating for up to 100, and 7,000 sq ft of production/storage/distribution space. The building includes a small office and two bathrooms. The asking price is $3,000,000, translating to $300 per square foot. The land value is estimated at $299-$300 per square foot. Property taxes are $14,000 annually. The sale is an owner-user opportunity with a triple net (NNN) lease type. The property is conveniently located near Interstate 5, offering excellent visibility and accessibility. Potential incentives exist for businesses locating in this Urban Renewal area. Paid parking for up to 12 vehicles is available nearby, with ample on-street parking also available. Negotiable brewing equipment is included.

    Property Features for 61 Yamhill St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    10,000 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1935/2009
    Buildings
    1
    Stories
    1

    HighLights

    • $3,000,000 asking price for a 10,000 SF Class A industrial manufacturing building.
    • Located at 61 SE Yamhill St, Portland, OR 97214.
    • 10,000 SF lot size, with a price per square foot of $299-$300.
    • Features 18' ceilings, two loading docks, and was renovated in 2009.
    • Currently vacant and offered for sale by owner; also available for lease at $12,500 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Labyrinth Forge Brewing ... Brewery

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy 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
    -122.6655354
    Latitude
    45.5160514

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    FAQs

    What type of property is this?
    Manufacturing property - 10,000 SF Manufacturing Space, Vacant
    Where is this manufacturing property located?
    The property is located at 61 Yamhill St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a 10,000 SF Class A industrial manufacturing building.; Located at 61 SE Yamhill St, Portland, OR 97214.; 10,000 SF lot size, with a price per square foot of $299-$300.
    Request Owner's contact information
    61 Yamhill 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
    61 Yamhill St Portland, OR 97214
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