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Property profile & analytics
OFF-MARKET Estimated value $3,680,000
Warehouses

1163 63rd Ave Portland, OR 97213-4901

16,300 SF 0.64 ac lot Built 1957
Entity Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US71-0790540
Property summary
AI-generated overview

This exceptional 18,800-square-foot industrial property, located at 1163 NE 63rd Ave in Portland, Oregon, presents a significant opportunity for businesses seeking manufacturing or distribution space. The single-tenant building sits on a 0.75-acre lot and boasts 18-foot ceilings, providing ample vertical space for operations. The property includes 2,500 square feet of office space, ideal for administrative functions. Power is supplied by a robust 400-amp, 3-phase system, ensuring sufficient capacity for demanding operations. The property features fenced and paved parking, offering convenient and secure vehicle access. Its strategic location in the Gateway submarket of Northeast Portland provides excellent interstate exposure and easy access to major transportation arteries, including I-84, I-205, and I-5, facilitating efficient logistics and distribution. Built in 1957, the Class B building is zoned EG2 and has an APN of R227381 within Multnomah County. The property is currently vacant and available for occupancy beginning July 1st, 2025. This is a rare opportunity to acquire a well-located, functional industrial space in a thriving Portland submarket.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1957
Total area 16,300 SF
Lot 0.64 ac (27,666 SF)
Zoning code EG2
APN 1N2E32BB 02700
UPID US71-0790540
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BDI-Bearing Distributors Inc. Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.68M
Blend (final) Blend
$3.68M
Owner & transaction history
Spears I-84 LLC · 16 yrs held
Spears I-84 LLC
since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A
Zoning & alternative use
EG2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.6M +67.8%
Auto repair, garage $5.0M +49.6%
Medical building $4.9M +48.0%
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