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Property profile & analytics
FOR SALE
Auto shops

2323 N Williams Ave Portland, OR 97227

3,600 SF 0.17 ac lot Built 1968
Entity Owned ~ Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cascade Commercial Real Estate Real Estate Agency
  • Jason Whittington Physician
  • Annalisa Sticklin Fish Physician
  • Breadwinner Cycles (Bike/Boat/Book/etc) Store
  • Sugar Wheel Works (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
$880k
Owner & transaction history
Mayahuel Management LLC
Mayahuel Management LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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