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    FOR SALE
    Office Spaces

    18210 E Burnside St, Portland, OR 97233

    7,200 SF 0.4 ac lot Built 1974
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US71-1759135
    Property summary
    AI-generated overview

    This exceptional 7,200 square foot executive office building presents a unique owner/user or investment opportunity in Portland's desirable Rockwood Town Center area. Situated on a spacious 17,622 square foot lot, this two-story building features four suites on each floor, each with its own restroom. Three suites are currently vacant, while the remaining tenants are on month-to-month agreements, offering flexibility for the new owner. The property boasts 25 off-street parking spaces and a prominent monument sign facing E Burnside Street. Conveniently located along the MAX Light Rail line, a one-minute walk from the E 181st Avenue stop, this property enjoys a Walk Score of 84 (Very Walkable), a Transit Score of 54 (Good Transit), and a Bike Score of 78 (Very Bikeable). All HVAC units are scheduled for replacement in September, ensuring efficient and modern climate control. The property is zoned for Rockwood Town Center (RTC), offering diverse development potential. This is a rare opportunity to acquire a well-located, versatile office building in a thriving community.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1974
    Total area 7,200 SF
    Lot 0.4 ac (17,622 SF)
    Zoning code TD
    APN 1N3E32CC 03000
    UPID US71-1759135
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Advance Treatment Center, LLC. Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $907k
    Blend (final) Blend
    $905k
    Owner & transaction history
    Jennifer Masseth · 3 yrs held
    Jennifer Masseth
    since 2022
    4 recorded transactions
    2022
    2008
    $265,000
    1993
    $147,000
    1969
    Zoning & alternative use
    TD · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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