Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1800 SE Water Ave Portland, OR 97214

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1800 SE Water Ave Portland, OR 97214

    View on Map
    • Commercial real estate
    • 1.18 lot acres
    For Sale
    View Listing →
    1.18 AC Development Opportunity For Sale
    Contact for pricing

    1.18 AC Development Opportunity

    High-visibility land for development in Southeast Portland, near OMSI.

    1800 SE Water Ave, Portland, OR 97214
    View Listing
    Property ID
    US71-0708104
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NELLANS Vega Ballet / Theater & Performing Art Venue / Vocational School
    • Village Home Educ Resource Center / Training Center

    Property Details for 1800 SE Water Ave

    Lot size
    1.18 lot acres
    Property type
    Commercial real estate
    APN
    R238700

    Description

    This exceptional 1.18-acre development opportunity in Portland, Oregon, presents a unique investment prospect. Located at 1800 SE Water Ave, in Multnomah County (zip code 97214), the property boasts 330 feet of frontage along SE Water Avenue, offering unparalleled visibility. The site is zoned EX - Central Employment (APN R238700), allowing for a wide range of development possibilities. Three existing buildings totaling 14,172 square feet are currently on the site, adding to the potential. The maximum floor area ratio (FAR) is 2:1, providing significant buildable space. This location offers exceptional access to public transportation, being within walking distance of the Portland Streetcar. Enjoy stunning views of the Portland waterfront and downtown skyline, while also benefiting from the proximity to local parks, restaurants, and retail establishments. Furthermore, this property is situated within an Opportunity Zone, presenting additional investment incentives. The total available space, including the existing buildings, is 51,252 square feet. Contact us for pricing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.66585875799
    Latitude
    45.50961373979

    Comparable in this City

    • Contact for pricing
      18,000 SF

      Central Eastside Commercial Property

      Prime location with versatile zoning and development potential.
      324 SE Grand Ave, Portland, OR 97214
      View Details
    • Contact for pricing

      525 SE Oak St, Portland, OR 97214

      Commercial land
      525 SE Oak St, Portland, OR 97214
      View Details
    • Contact for pricing
      10,000 SF

      Central Eastside Redevelopment Opportunity

      10,000 SF site in Portland's Central Eastside submarket.
      525 SE Oak St, Portland, OR 97214
      View Details
    • Contact for pricing
      10,000 SF

      Production and Storage Facility

      10,000 SF parcel with tasting room, bar, and parking.
      61 SE Yamhill St, Portland, OR 97214
      View Details
    • Contact for pricing
      4,108 SF

      Industrial Shell Space For Sale

      4,108 SF industrial shell space with convenient access.
      738 SE Washington St, Portland, OR 97214
      View Details
    • Contact for pricing

      Central Eastside Commercial Building

      Single-story commercial building in Portland's vibrant Central Eastside Business District.
      Portland, OR 97214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,000 SF

      Central Eastside Commercial Property

      Prime location with versatile zoning and development potential.
      324 SE Grand Ave, Portland, OR 97214
      View Details
    • Contact for pricing

      525 SE Oak St, Portland, OR 97214

      Commercial land
      525 SE Oak St, Portland, OR 97214
      View Details
    • Contact for pricing
      10,000 SF

      Central Eastside Redevelopment Opportunity

      10,000 SF site in Portland's Central Eastside submarket.
      525 SE Oak St, Portland, OR 97214
      View Details
    • Contact for pricing
      10,000 SF

      Production and Storage Facility

      10,000 SF parcel with tasting room, bar, and parking.
      61 SE Yamhill St, Portland, OR 97214
      View Details
    • Contact for pricing
      4,108 SF

      Industrial Shell Space For Sale

      4,108 SF industrial shell space with convenient access.
      738 SE Washington St, Portland, OR 97214
      View Details
    • Contact for pricing

      Central Eastside Commercial Building

      Single-story commercial building in Portland's vibrant Central Eastside Business District.
      Portland, OR 97214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Warehouse Space Available For Lease

      8,800 SF warehouse space with climate control and skylights.
      1703 NW 16Th Ave, Portland, OR 97214
      View Details
    • Contact for pricing

      Portland Industrial Space with Office

      Industrial space with office component, close to Downtown Portland.
      88 SE Washington St, Portland, OR 97214
      View Details
    • $17 SF/Yr

      Remodeled Historic Building with Flex Space

      Creative office, tech, flex, and retail spaces in Portland's Central Eastside.
      107 SE Washington St, Portland, OR 97214
      View Details
    • Contact for pricing

      OR, Portland - 555 SE Martin Luther King Boulevard

      Workspaces, services and support to help you grow your business in OR, Portland - 555 SE Martin Luther King Boulevard
      525 Martin Luther King Blvd, Portland, OR 97214
      View Details
    • Contact for pricing

      Retail or Creative Office Space

      Excellent opportunity for retail or creative office workplace.
      707 SE Belmont St, Portland, OR 97214
      View Details
    • Contact for pricing

      Equipped Commercial Kitchen and Flex Space

      Fully equipped commercial kitchen and mezzanine flex space for rent.
      940 SE Madison St, Portland, OR 97214
      View Details
    View Listing
    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.
    1800 SE Water Ave
    Portland, OR 97214
    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

    1800 SE Water Ave, Portland, OR, 97214

    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!