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2323 N Williams Ave Portland, OR 97227

Auto shops Google Maps
3,600 SF 0.17 ac lot Built 1968
Entity Owned ~ Est. High Equity
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US71-0063122

Property summary

AI-generated overview

This exceptional 3,400-square-foot Class A warehouse, built in 1968, is situated on a 7,400-square-foot lot at 2323 N Williams Ave, Portland, OR 97227. Boasting a desirable CM3 zoning, this property offers significant redevelopment potential, particularly for multi-family, office, or commercial uses. The building itself features 2,400 square feet of warehouse space and 1,000 square feet of climate-controlled office space divided into three private offices and a reception area. Two large grade-level loading docks provide convenient access, complemented by parking for up to ten vehicles. The 14-foot ceiling height maximizes storage and operational efficiency. This prime location at the south end of the vibrant N Williams Avenue corridor places the property within easy reach of Interstate 5, the Moda Center, New Seasons Market, Emanuel Hospital, and a thriving mix of restaurants and bars. The building is currently in excellent condition and is ideal for a variety of uses, including manufacturing, distribution, or conversion to higher-use applications such as healthcare facilities or retail spaces. The owner is offering attractive seller financing options, providing a streamlined and cost-effective acquisition process. Alternatively, a lease with an option to purchase may be considered. The asking price is $1,300,000 ($382.35/sq ft), with an occupancy date of May 1, 2024.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1968
Total area 3,600 SF
Lot 0.17 ac (7,385 SF)
Zoning code RHD
APN 1N1E27DB 00500
UPID US71-0063122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Physician
  • Physician
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$780k
Blend (final) Blend
$310k

Owner & transaction history

since 2025
Last sale
$975,000
3 recorded transactions
2025
$975,000
2003
$345,000
1995
Price N/A

Zoning & alternative use

RHD · Portland, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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