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    5230 Basin Ave Portland, OR 97217

    • Warehouses
    • 191,682 SF
    • 6.63 lot acres
    For Lease
    View listing
    Value Estimation
    $14,625,000
    Last Sale
    Mar 23, 2020
    $14,000,000
    Location Intelligence
    Property ID
    US71-1807736
    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

    • WSL Services Inc. / Warehouse

    Property Details for 5230 Basin Ave

    Year built
    1955
    Lot size
    6.63 lot acres
    Property size
    191,682 SF
    Zone code
    GI2
    Property type
    Warehouses
    APN
    1N1E21BB 00900
    APU
    1N1E21BB00900

    Description

    This exceptional Portland industrial property, located at 5230 N Basin Ave, offers a rare opportunity. The 158,820-square-foot building features multiple tenancies within a single suite, providing flexibility for various business needs. Currently, 53,628 square feet are available for lease. The building boasts impressive features including 8 dock-high doors and 2 loading docks, ensuring efficient loading and unloading operations. Ample parking is provided with 100 spaces available on-site. The high ceilings, ranging from 18 to 22 feet, offer significant vertical storage capacity. The property is zoned IG-1 and is situated in Multnomah County, Oregon, with a convenient Portland location and 97217 zip code. A key highlight is a beautiful, newly constructed showroom with a grade-level door, ideal for showcasing products or services. The substantial 600-amp power supply caters to energy-intensive operations. This property is perfect for businesses seeking a well-equipped, strategically located industrial space in a thriving Portland market. The available space presents a unique chance to establish or expand operations in a highly desirable area. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $14,585,000
      6.5%
      $15,285,000
      7%
      $12,885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,550,000
      Geo Method
      $13,620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $16,045,000
      Retail
      $15,900,000
      Mixed-Use
      $15,470,000
      Hospitality
      $15,820,000
      Educational
      $12,865,000
      Residential Income
      $15,490,000
      Energy
      $15,625,000
      Income-Based Land
      $14,770,000
      Food Service
      $13,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.701
    Latitude
    45.5615
    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
    $203,606
    $0.00
    $0.00
    $7,683,640
    -
    $4,332,050
    $15,745,430
    $20,077,480

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    5230 Basin Ave
    Portland, OR 97217
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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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