Financial
Distress signals
Property profile

1111 Flanders St Portland, OR 97209

OFF-MARKET
Retail space
Property ID
US71-0560858
5,000 SF 0.11 ac lot Built 1880
Last sale May 1993 · $252,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional creative office building, originally constructed in 1911 and extensively renovated in 2017, offers two available suites totaling between 1,644 and 1,781 square feet. Located at 1111 NE Flanders Street in Portland, Oregon's desirable Close-in Eastside submarket (Multnomah County, zip code 97232), this Class B property boasts a unique blend of historic character and modern functionality. The building's two stories house a total of four suites, providing a vibrant and

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?
$19k
Tax billed · 2023
Assessed value$714k
Effective rate2.65%

Value estimate

· Sep 2026
$540k
$486k – $594k
Submarket $/SF estimate$2.15M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 315 recorded sales of this use type
Observed band · Q1–Q3$178 – $430
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
EXD
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
Laundromat10.8
Buffet6.8
Laundry Service6.6

Location

1111 Flanders St Portland, OR 97209-2949
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales 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
1639 Marshall, Portland, OR 97209-2406 $1,150,000 Jul 2025 2,686 SF
14-18 3rd, Portland, OR 97209 $2,300,000 Mar 2025 5,625 SF
222-224 Burnside, Portland, OR 97209 $1,250,000 Oct 2022 2,960 SF
512 12th, Portland, OR 97209-3001 $200,000 Jun 2022 4,900 SF
1715 Lovejoy, Portland, OR 97209-2322 $1,700,000 May 2022 3,750 SF
903 Davis, Portland, OR 97209-3103 $10,312,500 Jan 2021 8,520 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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