Financial
Distress signals
Property profile

107 SE Washington St Portland, OR 97214

FOR LEASE
Other office properties
Property ID
US71-0403646
133,804 SF 0.92 ac lot Built 1920
Last sale Jun 2021 · $14,442,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of studio and office spaces intended for creative and professional uses. Studio units range from approximately 484 square feet, while office spaces range from approximately 1,000 to 7,598 square feet. The space configuration is suitable for users such as A/I, architects, designers, and engineers, and offers flexible lease structuring with terms varying up to 10 years.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$323k
Tax billed · 2023
Assessed value$12.18M
Effective rate2.65%

Value estimate

· Sep 2026
$30.10M
$27.09M – $33.10M
Submarket $/SF estimate$30.09M
NOI build-up
Gross scheduled income$1.28M
Vacancy & credit loss−$85k
Operating expenses−$360k
NOI · 4,940,105.88% cap applied$840k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$290/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$213 – $415

Cap rate analysis

How does the asset earn?
4,940,105.88%
$840k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IG1
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan...
General categoryINDUSTRIAL
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Veterinary Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Veterinary Clinic10.6
Laundromat9.1
Pet Grooming Service9.0

Location

107 SE Washington St Portland, OR 97214
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2532 Hawthorne, Portland, OR 97214-3927 $5,000,000 May 2025 9,847 SF
1120 Madison, Portland, OR 97214-3618 $10,350,000 Oct 2024 34,930 SF
211 Caruthers, Portland, OR 97214-4502 $10,995,000 Aug 2024 44,835 SF
850 3rd, Portland, OR 97214-2579 $5,073,750 Mar 2024 41,173 SF
905 14th, Portland, OR 97214-2549 $4,900,000 Aug 2023 12,154 SF
537 Alder, Portland, OR 97214-2231 $2,350,000 Nov 2019 12,254 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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