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    88 Washington St Portland, OR 97214

    Sponsored
    For Lease
    $1.30 SF/Yr ($612 /Mo)

    Prime SE Portland warehouse, 16' ceilings.

    Lot size:
    5,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,650-square-foot warehouse in Portland's desirable Southeast neighborhood presents a unique investment opportunity. Located at 88 SE Washington St, 97214, this single-tenant industrial space boasts a highly desirable location offering convenient access to downtown Portland, I-5, and I-84. The property features a 16-foot ceiling height, providing ample vertical space for storage or operations. Loading is facilitated by one dock-high door, ensuring efficient handling of goods. Off-street parking is available for eight vehicles, providing convenient parking for employees and visitors. The entire 5,650 square feet is currently vacant, presenting a blank canvas for a new tenant or owner-occupier. Situated in Multnomah County, this warehouse offers a strategic location within a thriving industrial area. The property's combination of size, location, and features makes it an ideal space for a variety of industrial uses. The convenient access to major transportation arteries further enhances its appeal. This is a rare opportunity to acquire a well-located, functional warehouse in a highly sought-after area of Portland.

    Property Features for 88 Washington St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,650 SF
    Total Rate
    612.08

    Unit(s) available at that property

    Space
    SUITE 103
    Size
    5,650 SF
    Rate per SF
    $1.30
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6650715
    Latitude
    45.5184909

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    FAQs

    What type of property is this?
    Distribution property - Prime SE Portland warehouse, 16' ceilings.
    Where is this distribution property located?
    The property is located at 88 Washington St Portland, OR.
    What is the lease rate?
    The lease rate is $1.30 SF/Yr.
    Request Owner's contact information
    88 Washington 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
    88 Washington St Portland, OR 97214
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