Property profile

11929 Airport Way Portland, OR 97220

OFF-MARKET
Hotels
Property ID
US71-0890975
46,488 SF 1.99 ac lot Built 1996
Entity Owned 31-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.12-acre commercial pad site is ideally located at 11929 NE Airport Way in Portland, Oregon, within Multnomah County (zip code 97220). The property is designated for single-tenant occupancy and presents a unique opportunity for businesses seeking a prominent location. With its expansive 2.12 acres, this land parcel offers significant development potential for a variety of commercial uses. The site's strategic location provides excellent visibility and accessibility, making it an attractive option for businesses aiming to establish a strong presence in the Portland market. The property is classified as commercial land, specifically a pad site, offering a blank canvas for custom development tailored to specific business needs. This is a single-tenant property, ensuring exclusive use and control. The total building square footage is currently listed as 1 square foot, indicating the land is undeveloped and ready for construction. Interested parties are encouraged to explore the possibilities this exceptional location offers. Its convenient access and ample space make it a highly desirable asset for businesses seeking growth and visibility in the vibrant Portland area. The property's coordinates are 45.5676384 latitude and -122.5404558 longitude. This is a for-lease opportunity.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1996
Total area 46,488 SF
Lot 1.99 ac (86,684 SF)
Zoning code EG2HSX
APN 1N2E15DA 00600
UPID US71-0890975

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Parking Lot & Garage

Location

11929 Airport Way Portland, OR 97220-1079
Portland metro Census 7300 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 1995
4 recorded transactions
1995
$241,830
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

EG2HSX · Portland, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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