8283 Barbur Blvd Portland, OR 97219
- Medical offices
- 2,484 SF
- 0.10 lot acres
Current Use by Public Records
- Jared Dean - State Farm Insurance Agent / Motorcycle Insurance Agency / Renter'S Insurance Agency
- Sara Ohgushi / Midwife
- Open River Acupuncture / Chinese Medicine / Massage Therapist
- Roberto Masferrer, LAC / Acupuncture Clinic
- Natural Traditions PC / Association Or Organization
Property Details for 8283 Barbur Blvd
- Year built
- 1951
- Lot size
- 0.10 lot acres
- Property size
- 2,484 SF
- Zone code
- CG
- Property type
- Medical offices
- Property subtype
- Medical centers
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $550,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $485,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $550,000
- Mixed-Use
- $515,000
- Hospitality
- $560,000
- Educational
- $505,000
- Residential Income
- $475,000
- Energy
- $540,000
- Income-Based Land
- $605,000
- Food Service
- $540,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.699
- Latitude
- 45.4652
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA