Property profile & analytics
1634 Brooklyn St Portland, OR 97202-2319
- Warehouses
- 1,920 SF
- 0.13 lot acres
OFF-MARKET
Value Estimations
$550,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0552981
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.
Current Use by Public Records
- Warehouses
Property Details for 1634 Brooklyn St
- Year built
- 1961
- Lot size
- 0.13 lot acres
- Property size
- 1,920 SF
- Zone code
- EG1
- Property type
- Warehouses
- APN
- 1S1E11AC 01700
- APU
- 1S1E11AC01700
Description
This exceptional investment opportunity presents a 2,000 square foot flex building located at 1634 SE Brooklyn Street in Portland, Oregon's desirable Southeast sector. The property, zoned for mixed-use industrial purposes, boasts a highly desirable blend of approximately 1,000 square feet of warehouse/shop space and 1,000 square feet of office space. Currently leased under a triple-net (NNN) lease structure until April 30, 2026, the property generates a consistent monthly income of $3,277, subject to a 3% base rent increase on May 1, 2025. This presents a compelling opportunity for an owner-occupant to secure a future workspace while simultaneously benefiting from a reliable rental income stream. The building features convenient access to major freeways, including I-5 and I-84, providing seamless connectivity to the rest of Portland and beyond. Additional benefits include a small fenced yard, ample off-street parking with six spaces in a dedicated lot, and two grade-level loading doors for efficient goods handling. The asking price for this exceptional property is $725,000, making it an attractive investment in a highly sought-after Portland location. This is a rare opportunity to acquire a well-located, income-producing flex space in a competitive market. The property's strong lease terms and desirable features make it an ideal investment for both owner-occupants and passive investors seeking a stable and appreciating asset.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $551,000
- AI Estimate
- $551,000
Market price range: $171k - $551kMarket price range: $171k - $551k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $410,000 Current use
- RETAIL STORES
- $640,000 Change: +56% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $585,000 Change: +42% Conversion: Easy
- MEDICAL BUILDING
- $580,000 Change: +41% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $560,000 Change: +36% Conversion: Difficult
- OFFICE BUILDING
- $555,000 Change: +35% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.649
- Latitude
- 45.5011
- 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
$4,778
$0.00
$0.00
$180,310
-
$555,540
$173,870
$729,410
