707 Belmont StPortland, OR 97214

Property Details for 707 Belmont St

Year built

1967

Lot size

0.18 AC

Property size (Sq ft)

8,000 SF

Zone code

EXD

Property type

Office properties

Property subtype

Other office properties

APN

1S1E02BB 06400

APU

1S1E02BB06400

Description

This exceptional 13,400-square-foot property at 707 SE Belmont St in Portland, Oregon, presents a unique opportunity for a single tenant seeking a combined office and warehouse space. Located in Multnomah County, the property boasts a convenient location within the Central Employment (EX) zoning district, offering easy access to major transportation routes and amenities. The building's total square footage is 13,400 square feet, all of which is currently vacant and ready for immediate occupancy. The property sits on a 0.18-acre lot and includes secured off-street parking on the lower level, providing ample and secure parking for employees and clients. The property's classification as both Executive Office and Warehouse space makes it ideal for businesses requiring a blend of professional office space and functional warehouse storage. The property's single-tenant occupancy ensures privacy and control over the entire space. The APN is 1S1E02BB 06400, and the zip code is 97214. This is a rare opportunity to secure a substantial, versatile property in a highly desirable Portland location. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,197,280

  6.5%

  $2,028,258

  7%

  $1,883,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,540,640

  Geo Method

  $1,540,640

• Alternative Use

  Use

  Valuation

  Residential

  $2,515,040

  Hospitality

  $2,303,764

  Educational

  $1,916,704

  Medical

  $1,982,623

  Retail

  $2,981,540

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5167

Longitude

-122.658

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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