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    710 21St Ave Portland, OR 97232

    Sponsored
    For Lease
    $12 SF/Yr ($12,500 /Mo)

    12,500 SF Warehouse - Eastside Portland

    Lot size:
    12,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,500-square-foot warehouse, located at 710 NE 21st Ave in Portland, Oregon, presents a unique opportunity for businesses seeking a well-situated industrial space. Built in 1928, this single-story building boasts a 20-foot ceiling height, providing ample vertical space for various operations. The property features four drive-in doors, facilitating efficient loading and unloading, and is equipped with 3-phase 600-amp power, suitable for light manufacturing or assembly needs. The warehouse is currently vacant and offers a total of 12,500 square feet of usable space. A small office area is included within the building. The property is zoned EG and is situated in Multnomah County, with a convenient location just four blocks north of Sandy Boulevard on NE 21st Avenue, offering excellent access to major transportation routes. The building's cross street is NE Irving. The competitive gross rate of $1.00 per square foot translates to a net rate of $0.80 per square foot (NNN). This translates to a highly attractive lease rate for potential tenants. The abundant natural light within the warehouse further enhances its appeal. This vintage building offers a blend of character and functionality, making it an ideal choice for a variety of industrial uses. The property's address is 710 NE 21st Ave, Portland, OR 97232.

    Property Features for 710 21St Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,500 SF
    Total Rate
    12500

    Building Details

    Year Built
    1928
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    12,500 SF
    Rate per SF
    $12

    HighLights

    • 3‑Phase Electrical Service
    • Multiple Loading Docks
    • High Ceilings & Ample Parking
    • Flexible Lease Terms with a Long‑Term Landlord
    • Gross Lease; No Tenant Expenses
    • Excellent, Convenient Location
    Property Profile Location Intelligence

    Current Use by Public Records

    Eckelman Enterprises Property Management Company Holah Design + Architecture Architect

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -122.6440983
    Latitude
    45.5280969

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    FAQs

    What type of property is this?
    Distribution property - 12,500 SF Warehouse - Eastside Portland
    Where is this distribution property located?
    The property is located at 710 21St Ave Portland, OR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 3-Phase Electrical Service; Multiple Loading Docks; High Ceilings & Ample Parking
    Request Owner's contact information
    710 21St Ave 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
    710 21St Ave Portland, OR 97232
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