Property profile

1233 12th Ave Portland, OR 97209

OFF-MARKET
Office Spaces
Property ID
US71-0163048
74,700 SF 0.92 ac lot Built 1939
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1939
Total area 74,700 SF
Lot 0.92 ac (40,000 SF)
Zoning code EX
APN 1N1E33AA 01700
UPID US71-0163048

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Telecommunications Service Data Center
  • Computer & Electronic Repair (Bike/Boat/Book/etc) Store
  • Business To Business Service
  • Business To Business Service

Location

1233 12th Ave Portland, OR 97209-2981
Portland metro Census 5001 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.95M
Blend (final) Blend
$10.37M

Owner & transaction history

since 2011
7 recorded transactions
2017
Price N/A
2011
$10.4M
2009
Price N/A
2008
Price N/A
2006
Price N/A
2006
Price N/A
1990
$1.1M

Zoning & alternative use

EX · Portland, OR
Zoning description

This zone implements the Central Employment map designation of the Comprehensive Plan. The zone allows mixed uses and is intended for areas in the center of the City that have predominantly industrial type development. T…

General category MIXED_USE
Top alternative use upside
Restaurant $25.6M +3.0%

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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