11268 21St Ave Milwaukie, OR 97222
This exceptional 15,000-square-foot office building, located at 11268 SE 21st Avenue in Milwaukie, Oregon (97222), presents a unique investment opportunity. Constructed in 1963 and extensively renovated in 2019, this two-story Class C building offers a single-tenant occupancy configuration. The property boasts ample natural light and convenient access to an exclusive parking lot, a significant advantage in this desirable location. The building features 240v power and is zoned DO. Its strategic location across from the MAX station and Milwaukie's vibrant food cart pods ensures high visibility and accessibility. The address is easily accessible via SE Adams St and SE Lake Rd. While the listing details mention a 750 sq ft space, the total building size is a substantial 15,000 square feet, providing significant potential for a variety of uses. This property represents a compelling opportunity for businesses seeking a well-maintained, conveniently located office space in the thriving Milwaukie community. The building's recent renovation ensures modern amenities and functionality, making it an attractive option for discerning tenants. Interested parties are encouraged to explore the possibilities this property offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.