2350 Multnomah BlvdPortland, OR 97219

  • Healthcare properties
  • 13,584 SF
For Lease
$18/SF/YR View listing

Property Details for 2350 Multnomah Blvd

Year built
1973
Lot size
0.69 AC
Property size (Sq ft)
13,584 SF
Zone code
CG
Property type
Healthcare properties
Property subtype
Medical offices
APN
1S1E21CC 03100
APU
1S1E21CC03100

Description

This exceptional 13,584 square foot medical office building, constructed in 1973, presents a unique leasing opportunity in Portland, Oregon. Located at 2350 SW Multnomah Blvd, 97219, this Class C, two-story building offers a diverse mix of medical tenants. Currently, 2,388 square feet are available for lease, providing a chance for a new practice to establish itself in a thriving medical community. The building boasts ample parking and features such as HEPA filtration, a shared waiting area, and a breakroom, enhancing the overall tenant experience. A 1,109 square foot ground floor suite is immediately available, priced at $18 per square foot on a modified gross lease. This second-generation space is perfectly suited for a variety of medical practices, including but not limited to orthodontics, ophthalmology, naturopathy, acupuncture, physical therapy, and chiropractic. The building's security cameras provide added peace of mind. This is an excellent opportunity to secure a well-located, functional space within an established medical center. The building's existing infrastructure and convenient location make it an ideal choice for a variety of medical professionals seeking to expand or establish their practice in the vibrant Portland market. Don't miss this chance to secure your space in this sought-after location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,407,914
    6.5%
    $2,222,689
    7%
    $2,063,926
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,305,297
    Geo Method
    $2,616,007
  • Alternative Use

    Use
    Valuation
    Residential
    $2,756,135
    Hospitality
    $2,524,604
    Educational
    $2,100,442
    Medical
    $2,172,679
    Retail
    $3,267,353
2350 Multnomah Blvd, Portland, Oregon
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Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.4651
Longitude
-122.702
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
$54,280
-
-
$2,222,490
-
$1,293,220
$1,737,010
$3,030,230

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