Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1325 Flanders St, Unit 3 Portland, OR 97209-2641
    Back to Search
    Property profile & analytics

    1325 Flanders St, Unit 3, Portland, OR 97209-2641

    View on Map
    • Office Spaces
    • 7,136 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Dec 18, 2025
    $1,452,500
    Property ID
    US71-0916316
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Premier Mortgage Resources / Loan Service / Bank
    • The Nishimura Group / Loan Service / Bank
    • LAUREN MIRECKI / Loan Service / Bank
    • Sundt Mortgage / Loan Service / Bank
    • Lindsay Zeke / Loan Service

    Property Details for 1325 Flanders St

    Year built
    1911
    Lot size
    0.14 lot acres
    Zone code
    EXD
    Property type
    Office Spaces
    APN
    1N1E33DA 90001
    APU
    1N1E33DA90001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 19, 2015 — Pearl Flanders LLC Premier Mortgage Resources LLC Special Warranty Deed $1.3M · Western Alliance Bank
    Jun 19, 2015 $832,500 Brian H Pienovi Premier Mtg Rsrcs LLC Warranty Deed —
    Sep 27, 2013 $1,500,000 Premier Mtg Rsrcs LLC Errol Station Partners LLC Warranty Deed $760k · Clackamas County Bank
    Feb 28, 1997 $3,500,000 Louisian-pacific Corp Errol Station Partners LLC Grant Deed —
    Sep 26, 1996 $410,000 Errol Station Partners 1325 Flanders Corp Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,997,000
      Market price range: $614k - $2.88M
      AI Estimate
      $1,997,000
      Market price range: $614k - $2.88M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,060,000
      Current use
      RESTAURANT
      $2,445,000
      Change: +18% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,375,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,180,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $2,155,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $2,140,000
      Change: +4% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,895,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.685
    Latitude
    45.5259
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,775
    $0.00
    $0.00
    $935,820
    -
    $0.00
    $1,462,060
    $1,462,060

    Comparable in this City

    • Value Estimation by Request
      1,660 SF

      151 9Th Ave

      Coworking space
      151 9Th Ave, Portland, OR 97209
      View Details
    • Value Estimation
      $6,405,000
      30,000 SF

      322 5th Ave, Unit 338

      OFFICE (GENERAL)
      322 5th Ave, Portland, OR 97209-3825
      View Details
    • Value Estimation
      $2,135,000
      10,000 SF

      7 9th Ave

      OFFICE (GENERAL)
      7 9th Ave, Portland, OR 97209-3301
      View Details
    • Value Estimation
      $6,620,000
      31,016 SF

      221 2nd Ave

      OFFICE (GENERAL)
      221 2nd Ave, Portland, OR 97209-3958
      View Details
    • Value Estimation
      $7,635,000
      24,381 SF

      710 14th Ave

      OFFICE (GENERAL)
      710 14th Ave, Portland, OR 97209-2789
      View Details
    • Value Estimation
      $1,045,000
      4,235 SF

      1318 20th Ave

      OFFICE (GENERAL)
      1318 20th Ave, Portland, OR 97209-1671
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,635 SF

      Pearl District Live/Work Loft

      Spacious loft in the Pearl District's historic warehouse neighborhood.
      1314 NW Irving St, Portland, OR 97209
      View Details
    • $1,688,888
      12,000 SF

      Old Town Portland Mixed-Use Building

      Two-level, 12,000 SF mixed-use building in Old Town Portland.
      18 NW 4Th St, Portland, OR 97209
      View Details
    • Contact for pricing
      3,840 SF

      Portland Office Building For Sale

      3,840 SF office building in Portland, Oregon available for purchase.
      1925 NW Overton St, Portland, OR 97209
      View Details
    • $3,200,000

      Retail/Office Space with Parking

      2nd-generation retail/office space in desirable NW Portland location.
      636 NW 21St Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      905 SF

      Historic Pearl District Live/Work Loft

      Live/work loft in vibrant Pearl District with commercial zoning.
      1314 NW Irving St, Portland, OR 97209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,600 SF

      Creative Space in West End

      Split-level creative space with abundant natural light and high ceilings.
      1036 W Burnside St, Portland, OR 97209
      View Details
    • Contact for pricing

      Creative Space with High Ceilings

      Unique creative space with high ceilings and natural light.
      516 NW 14Th Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      4,365 SF

      Creative Office Space Available

      4,365 SF creative office space for lease.
      1304 NW Johnson St, Portland, OR 97209
      View Details
    • Contact for pricing
      5,000 SF

      NW 8th Avenue Commercial Space

      Centrally located, walkable commercial space with open floor plan.
      322 NW 8Th Ave, Portland, OR 97209
      View Details
    • $22 SF/Yr
      20,609 SF

      Creative Office Space Available

      Furnished office space with fitness room and on-site parking.
      1010 Northwest Flanders St, Portland, OR 97209
      View Details
    • Contact for pricing

      Pearl District Class A Office

      High-end creative office space in Portland's premier Pearl District.
      1022 NW Marshall St, Portland, OR 97209
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1325 Flanders St, Unit 3
    Portland, OR 97209-2641
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1325 Flanders St, Portland, OR, 97209
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!