8283 Barbur BlvdPortland, OR 97219

Property Details for 8283 Barbur Blvd

Year built

1951

Lot size

0.10 AC

Property size (Sq ft)

2,484 SF

Zone code

CG

Property type

Healthcare properties

Property subtype

Medical offices

APN

1S1E21CB 04100

APU

1S1E21CB04100

Description

This exceptional mixed-use property at 8283 SW Barbur Blvd, Portland, OR 97219, offers a unique owner-user opportunity. The 4,070 square foot building, constructed in 1951 and situated on a 4,768 square foot lot, boasts a recently renovated two-bedroom, one-bathroom apartment on the top floor. The apartment features a new kitchen, bathroom, flooring, and paint. The two levels of commercial space have undergone significant improvements, including updated restrooms, fresh paint, new lighting, HVAC systems, and a new fence. The first floor includes a medical build-out with multiple treatment rooms and access to a secure rear parking lot. The middle floor offers street-level commercial space. The building is currently 50% occupied and zoned CM2 (Commercial Mixed Use 2, City of Portland). The seller is open to leasing back a portion of the building. The property benefits from excellent signage visibility on Barbur Boulevard and convenient access to I-5 and Highway 99. Priced at $1,125,000, this is a compelling investment opportunity with significant upside potential. The gross lease structure provides straightforward income management.

• CAP approach

  CAP return

  Valuation

  6%

  $440,316

  6.5%

  $406,446

  7%

  $377,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,552

  Geo Method

  $478,369

• Alternative Use

  Use

  Valuation

  Residential

  $503,993

  Hospitality

  $461,655

  Educational

  $384,091

  Medical

  $397,301

  Retail

  $597,475

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4652

Longitude

-122.699

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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