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    1104 15Th Ave Portland, OR 97209

    Sponsored
    For Lease
    $22 SF/Yr

    Executive Suites, Historic Charm, 7,240 SF Available

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Reid Pacific Building, a historic Portland landmark constructed in 1908, offers exceptional executive office space in the vibrant Pearl District. This Class B building boasts 15,000 total square feet, currently featuring 7,240 square feet of vacant space available for lease. Two suites are available, with a minimum divisible space of 2,640 square feet and a maximum contiguous space of 4,600 square feet. The building's character is undeniable, showcasing exposed brick walls, beautiful hardwood floors, and high ceilings with exposed post and beam construction. Natural light floods the space from two sides. Building amenities include 24-hour access, a convenient building shower, and freight elevator service. Located at 1104 NW 15th Ave, Portland, OR 97209, in Multnomah County, this property presents a unique opportunity to establish a presence in one of Portland's most sought-after neighborhoods. The building's historical charm combined with modern conveniences makes it an ideal location for businesses seeking a distinctive and functional workspace. Contact us today to learn more about leasing opportunities.

    Property Features for 1104 15Th Ave

    General Information

    Property type
    Industrial live-work properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    B
    Total Rate
    27500

    Building Details

    Year Built
    1908

    Unit(s) available at that property

    Space
    Suite 400
    Size
    4,600 SF
    Rate per SF
    $22
    Space
    Suite 250
    Size
    2,640 SF
    Rate per SF
    $22

    HighLights

    • Historic 1908 Portland landmark in the Pearl District.
    • 15,000 total square feet, 7,240 square feet available for lease.
    • Two suites available, 2,640 - 4,600 square feet.
    • Features exposed brick, hardwood floors, and heavy timber beams.
    • Building amenities include 24‑hour access, shower, and freight elevator.
    • Located at 1104 NW 15th Ave, Portland, OR 97209.
    Property Profile Location Intelligence

    Current Use by Public Records

    Circle Media Inc. Software Company International Center for Law ... Non-Profit Organization Parking NW - MachineWorks ... Parking Garage Ashe Legal Group, ... Attorney Lewis & Solberg LLC Corporate Office

    Suggested Use

    Realty agency Dental Office Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6860939
    Latitude
    45.5309357

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    FAQs

    What type of property is this?
    Industrial live-work property - Executive Suites, Historic Charm, 7,240 SF Available
    Where is this industrial live-work property located?
    The property is located at 1104 15Th Ave Portland, OR.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Historic 1908 Portland landmark in the Pearl District.; 15,000 total square feet, 7,240 square feet available for lease.; Two suites available, 2,640 - 4,600 square feet.
    Request Owner's contact information
    1104 15Th Ave Portland, OR 97209
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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
    1104 15Th Ave Portland, OR 97209
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