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    1211 5Th Ave Portland, OR 97204

    • Office Properties & Spaces
    • 596,161 SF
    • 0.92 lot acres
    For Lease
    View listing
    Value Estimation
    $2,900,000
    Last Sale
    Oct 29, 2021
    $2,951,500
    Location Intelligence
    Property ID
    US71-1017399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Matusick Aaron Z / Attorney
    • KXL / Radio Broadcaster
    • Waldron Jay T / Attorney
    • Radio Northwest / Radio Broadcaster
    • Pacwest Center / Business Center

    Property Details for 1211 5Th Ave

    Year built
    1988
    Lot size
    0.92 lot acres
    Property size
    596,161 SF
    Zone code
    CXD
    Property type
    Office Properties & Spaces
    APN
    1S1E03BC 00900
    APU
    1S1E03BC00900

    Description

    This exceptional retail property, located at 1211 SW 5th Ave in Portland, Oregon's vibrant Multnomah County (zip code 97204), offers 6,790 square feet of versatile space currently available for lease. The property is categorized as retail, with suitable subtypes including restaurant, deli, and office uses. Multiple tenancy options are available, with spaces ranging from a minimum of 710 square feet to a maximum contiguous space of 3,167 square feet. The entire 6,790 square feet is currently vacant, presenting a unique opportunity for a single tenant or multiple businesses seeking a prime location in the heart of Portland. This property is ideally suited for a variety of retail concepts, offering high visibility and accessibility. The address is easily accessible and situated within a thriving commercial district. The property's location provides excellent exposure to high foot traffic and significant vehicular traffic. This is an exceptional opportunity to establish or expand your business in a dynamic and desirable area of Portland. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,245,000
      6.5%
      $3,005,000
      7%
      $2,930,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,375,000
      Geo Method
      $2,530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,350,000
      Retail
      $3,015,000
      Mixed-Use
      $2,800,000
      Hospitality
      $2,805,000
      Educational
      $2,870,000
      Residential Income
      $3,310,000
      Energy
      $3,245,000
      Income-Based Land
      $2,430,000
      Food Service
      $2,525,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.68
    Latitude
    45.5153
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,574,583
    $0.00
    $0.00
    $124,046,030
    -
    $14,000,000
    $124,797,240
    $138,797,240

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      OFFICE (GENERAL) • 207,864 SF
      401-421 6th Ave, Portland, OR 97204
      View Details

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    1211 5Th Ave
    Portland, OR 97204
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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
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