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Property profile & analytics
OFF-MARKET Estimated value $2,505,000
Office Spaces

1900 5th Ave Portland, OR 97201-5263

7,240 SF 0.46 ac lot Built 1963
Individually Owned 1-yr Hold Free & Clear
Property ID
US71-0919891
Property summary
AI-generated overview

This exceptional 9,226 square foot commercial property, situated at 1900 SW 5th Ave, offers a unique opportunity in Portland's vibrant University District. The building, constructed in 1963 and classified as Class B, features a single-tenant occupancy across two stories. The main level offers 6,777 square feet of adaptable space, ideal for retail, service, or office use. Large display windows provide excellent street visibility along SW 5th Ave, maximizing exposure to the high foot traffic of the area. In addition to the main level, there is also 1,120 square feet of basement space and 1,329 square feet on the upper floor, offering potential for expansion or specialized use. The property boasts ample off-street parking with 32 spaces, a significant advantage in this location. Its proximity to Portland State University and the abundance of nearby restaurants and retailers create a highly desirable environment. The CX zoning allows for a variety of uses. The building's convenient location provides easy access to freeways and public transportation, enhancing its appeal to both businesses and employees. This amenity-rich area is surrounded by multi-family and student housing, ensuring a consistent flow of potential customers. The lease rate is $25 per square foot, plus NNN charges. The property is available now.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1963
Total area 7,240 SF
Lot 0.46 ac (20,000 SF)
Zoning code RXD
APN 1S1E03CB 03300
UPID US71-0919891
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
  • Wells Fargo ATM Atm
  • Wells Fargo Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.50M
Blend (final) Blend
$2.51M
Owner & transaction history
Mark Loud · 1 yrs held
Mark Loud
since 2025
Last sale
$48,023
4 recorded transactions
2025
Price N/A
2025
$48,023
2024
$167,669
2024
$2.0M
Zoning & alternative use
RXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.5M +58.9%
Auto repair, garage $2.2M +41.7%
Medical building $2.2M +40.2%
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