20437 Sandy Blvd, Fairview, OR 97024-9774
This exceptional 11,520-square-foot industrial property, located at 20437 NE Sandy Blvd, Fairview, OR 97024, presents a compelling investment opportunity. Situated on a 1.2-acre lot in Multnomah County, this light industrial building, constructed in 1999, boasts a versatile layout ideal for manufacturing and warehousing operations. The building features a spacious 11,520 square feet of net rentable area, including a 2,300-square-foot office space and a 2,100-square-foot mezzanine above the office. High ceilings ranging from 14 to 22 feet provide ample vertical space, complemented by two 12' x 12' grade-level loading docks. The property benefits from robust power infrastructure, including approximately 480v, 3-phase, 800-amp service. Built with a web steel frame, metal siding, and a standing seam metal roof, the structure is durable and well-maintained. Climate control is ensured with two 20-ton gas packs, heating and cooling the manufacturing area. The building also includes R-21 wall insulation and R-38 ceiling insulation. Safety features include a monitored fire and burglar alarm system with duct smoke detectors integrated with the HVAC system. The property's 125 lbs/sf live load capacity further enhances its functionality. Annual property taxes are $7,096. This property is available in Q1 2023 and is offered at an asking price of $2,450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LI · Fairview, ORFairview. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.