Property profile

15 Morris St Portland, OR 97227

OFF-MARKET
Medical Office Space
Property ID
US71-0120685
5,787 SF 0.33 ac lot Built 1979
Individually Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Total area 5,787 SF
Lot 0.33 ac (14,583 SF)
Zoning code RXD
APN 1N1E27AB 13700
UPID US71-0120685

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
  • Community Health Centre
  • Physician
  • Physician
  • Pediatrician Physician
  • Pediatrician Physician

Location

15 Morris St Portland, OR 97227-1541
Portland metro Census 2203 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
by Request
Blend (final) Blend
$2.11M

Owner & transaction history

since 2024
Last sale
$3.8M
7 recorded transactions
2024
$3.8M
2022
$2.4M
2000
Price N/A
1995
$18,000
1994
$85.0M
1994
$15,000
1969
Price N/A

Zoning & alternative use

RXD · 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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