Financial
Distress signals
Property profile

1035 NW Northrup St Portland, OR 97209

FOR SALE
Commercial real estate
Property ID
US71-1587944
920 SF Built 2017
Last sale Nov 2018 · $3,504,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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1035 NW Northrup St, Portland, OR 97209 For Sale
Contact for pricing 920 SF
1035 NW Northrup St, Portland, OR 97209
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Property summary

AI-generated overview

This exceptional 1,690 square foot medical office space is available for sublease in Portland's coveted Pearl District, at 1035 NW Northrup St, Portland, OR 97209. Located near NW 10th Avenue in Multnomah County's Commercial Business District, this single-tenant space is perfect for an urgent care center or similar medical clinic. The property boasts a turnkey setup, eliminating the typical costs and time associated with establishing a new office. Built to high standards, the space is in

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?
$6k
Tax billed · 2023
Assessed value$212k
Effective rate2.61%

Value estimate

· Sep 2026
$370k
$333k – $407k
NOI build-up
Gross scheduled income$142k
Vacancy & credit loss−$11k
Operating expenses−$39k
NOI · 3.22% cap applied$92k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$333/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$214 – $443
Qualifying comparables8

Cap rate analysis

How does the asset earn?
3.22%
$92k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.0
Daycare Center7.2
Tanning Salon7.1

Location

1035 NW Northrup St Portland, OR 97209
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog · not on file

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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Portland, OR 97209 $390,000 Dec 2025 No data
Portland, OR 97209 $315,000 Dec 2025 No data
Levy Code, Portland, OR 97209 $575,000 Nov 2025 No data
Levy Code, Portland, OR 97209 $290,000 Aug 2025 No data
Levy Code, Portland, OR 97209 $242,000 Jul 2025 No data
1830 Riverscape, Portland, OR 97209-1839 $165,000 Apr 2025 714 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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