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    2828 Corbett Ave Portland, OR 97201

    For Sale
    $6,650,000

    38,000 SF Office, 70 Parking Spaces

    Property size:
    38,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 38,000 square foot executive office building, located at 2828 S Corbett Ave in Portland, Oregon's desirable Multnomah County (zip code 97201), presents a unique investment opportunity. Built in 1965 and situated on a 52,306 square foot lot, the property boasts CM2 zoning. The building offers convenient access to downtown Portland, the South Waterfront district, and major freeways, making it an ideal location for a variety of businesses. Ample parking is provided with 70 covered and secured spaces (a 2:1000 ratio). The property features existing lab/medical infrastructure, making it particularly well-suited for medical, educational, or traditional office users. Previously occupied by the PSU Business Accelerator program, this building is elevator-served and has undergone recent upgrades, including a new roof and HVAC system. The asking price is $6,650,000. This is a truly remarkable opportunity to acquire a well-maintained, strategically located executive office building with significant potential. The property's existing infrastructure and convenient location offer immediate occupancy and operational advantages.

    Property Features for 2828 Corbett Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    38,000 SF

    Building Details

    Year Built
    1965

    HighLights

    • 36,320 square feet of rentable space.
    • 70 covered and secured parking spaces (2 per 1,000 square feet).
    • Strong medical and educational presence in the area.
    • Convenient access to Downtown, the South Waterfront, and major freeways.
    • Elevator service.
    • Recently upgraded roof and HVAC systems.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EndoRel Biosciences Biotechnology Company iFlipd Software Company Portland Bioscience Inc Manufacturer H D Medical Clinic PSBA Association / Organization

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Law Firm Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6749877
    Latitude
    45.5024224

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    FAQs

    What type of property is this?
    Office Property / Space - 38,000 SF Office, 70 Parking Spaces
    Where is this office property / space located?
    The property is located at 2828 Corbett Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $6,650,000.
    What are key features of this property?
    This property features: 36,320 square feet of rentable space.; 70 covered and secured parking spaces (2 per 1,000 square feet).; Strong medical and educational presence in the area.
    Request Owner's contact information
    2828 Corbett Ave Portland, OR 97201
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    Portland, OR 97201
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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
    2828 Corbett Ave Portland, OR 97201
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