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Property summary
This exceptional 18,751-square-foot warehouse, located at 2187 NW Reed St in Portland, Oregon's Guilds Lake industrial market, presents a compelling owner-user opportunity. Built in 1949 and extensively renovated in 2016, the property boasts modern amenities and significant upgrades. The building sits on a substantial 39,974-square-foot lot and features a 14-foot ceiling height, ideal for various industrial and flex-space uses. With IG1 zoning, the property offers flexibility for a wide… range of businesses. Conveniently located in Multnomah County, zip code 97210, the warehouse provides ample parking with 26 spaces and three loading docks, ensuring efficient operations. The asking price for this turnkey industrial property is $4,500,000. This represents a rare chance to acquire a well-maintained, strategically located warehouse in a thriving Portland neighborhood. The property's combination of size, location, and modern features makes it an attractive investment for businesses seeking to own their operational space. The substantial lot size also offers potential for future expansion or development. Don't miss this opportunity to secure a prime industrial asset in a highly sought-after area.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 18,751 SF
- Lot area
- 0.92 ac
- Year built
- 1949
- Stories
- 1
- APN
- 1N1E28CA 03300
- Zoning
- IG1
- Assessed value · 2023
- $1,526,830
- Annual tax · 2023
- $40,421
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $40,421
- Selected cap rate
- Commercial (general)
- Apartment House (5+ Units)
- Auto Repair, Garage
- Medical Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Portland market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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