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    OFF-MARKET
    Warehouses

    1206 Alberta St 1238, Portland, OR 97211-5004

    3,360 SF 0.35 ac lot Built 1961
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-0609955
    Property summary
    AI-generated overview

    This exceptional .348-acre commercial land parcel is situated in the vibrant heart of Portland's Alberta Arts District, at 1206 NE Alberta St, zip code 97211, Multnomah County, Oregon. Zoned CM2 dhm (MU-U), this property presents a unique investment opportunity within a thriving and highly sought-after neighborhood. The Alberta Arts District is renowned for its rich cultural heritage, boasting a diverse array of local artists, galleries, boutiques, acclaimed restaurants, and popular bars. This location benefits from significant foot traffic and community engagement, particularly during the summer's "Last Thursdays" events, which transform NE Alberta Street into a vibrant pedestrian-only street fair attracting thousands of attendees. The property's size and zoning offer considerable flexibility for a variety of commercial developments, capitalizing on the area's high demand and consistent growth. The asking price for this exceptional land parcel is $3,000,000. Its central location within the Alberta Arts District ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a prime location in one of Portland's most dynamic neighborhoods. The property's latitude and longitude coordinates are 45.5588856 and -122.653375 respectively.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1961
    Total area 3,360 SF
    Lot 0.35 ac (15,160 SF)
    Zoning code CGH
    APN 1N1E23BD 01900
    UPID US71-0609955
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    1206 Alberta LLC · 1 yrs held
    1206 Alberta LLC
    since 2025
    Last sale
    $2.0M
    4 recorded transactions
    2025
    $2.0M
    2017
    $4.0M
    2015
    1969
    Zoning & alternative use
    CGH · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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