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1541 181st Ave Portland, OR 97230-6721

OFF-MARKET Retail space Google Maps
53,197 SF Built 1991
Entity Owned Free & Clear
Estimated value (blended)
$2.32M
Range $2.09M – $2.55M (±10%)
Property ID US71-0804901

Property summary

AI-generated overview

This exceptional 1,853-square-foot retail space, located at 1541 NE 181st Avenue in Portland, Oregon's Multnomah County, presents a unique investment opportunity. Situated within an existing and operational 24 Hour Fitness gym, this single-tenant space is ideally suited for a variety of fitness-related businesses. Potential uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, and the sale of sport, health, and wellness products. The space is not suitable for businesses that prepare food and drink on-site, offer pole dancing classes, or require extensive construction or utility upgrades. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is conveniently located in the Portland submarket, with easy access to major transportation routes and a strong local demographic. This turnkey space offers immediate occupancy and significant potential for growth within a thriving fitness environment. The property's address is 1541 NE 181st Ave, Portland, OR 97230.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Total area 53,197 SF
APN 1N3E30DD 01602A1
UPID US71-0804901

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
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.44M
Blend (final) Blend
$2.32M

Owner & transaction history

1 recorded transaction
1969
Price N/A

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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