Analytics Center
Properties
Other warehouses
OR
Portland
97210
2335 29th Ave

2335 29th Ave Portland, OR 97210-2005

OFF-MARKET Warehouses Google Maps

11,520 SF 0.25 ac lot Built 1919

Entity Owned Absentee Owner Free & Clear

Estimated value (blended)

$790k

Range $711k – $869k (±10%)

Property ID US71-0562729

This exceptional investment opportunity presents a 16,000-square-foot warehouse located at 2335 NW 29th Ave, Portland, Oregon, 97210. Situated on a 0.25-acre lot, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $213,000. Currently 100% occupied, the property features a single tenant with a perfect payment history since 2016 under an absolute net lease, eliminating landlord responsibilities. The asking price is $2,675,000. Zoned IH (Heavy Industrial), this warehouse offers approximately 11,000 square feet of usable footprint, and has undergone numerous capital upgrades. Its prime location in the desirable Northwest Portland/Guilds Lake Industrial market provides excellent access to the entire Portland Metro area. This is a unique single-tenant investment opportunity with a potential 10% cash-on-cash return through available seller financing. The property is classified as both Retail and Industrial, with the subtype specifically designated as a Warehouse.

Property type Warehouses

Use group WAREHOUSE, STORAGE

Year built 1919

Total area 11,520 SF

Lot 0.25 ac (10,876 SF)

Zoning code IH

APN 1N1E29DB 01900

UPID US71-0562729

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

AI Approach AI

by Request

CAP Approach CAP

by Request

Comparable Approach Comparable

$1.61M

Blend (final) Blend

$790k

since 2026

Last sale

$1.2M

7 recorded transactions

2026

$1.2M

2020

Price N/A

2016

Price N/A

2016

$830,000

1995

Price N/A

1994

$139,500

1969

Price N/A

Zoning description

This zone is one of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zone provides areas where all kinds of industries may locate including those not desirable in oth…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
0.16 Acres

3317-3319 Wi Nw Yeon Ave

WAREHOUSE, STORAGE

3317-3319 Wi Nw Yeon Ave, Portland, OR 97210

View Details
Value Estimation by Request
0.11 Acres

6115th Nw St Helens Rd

WAREHOUSE, STORAGE

6115th Nw St Helens Rd, Portland, OR 97210

View Details
Value Estimation by Request
0.12 Acres

6834th Nw St Helens Rd

WAREHOUSE, STORAGE

6834th Nw St Helens Rd, Portland, OR 97210

View Details
Value Estimation by Request
1.30 Acres

2925 Wi Nw Nicolai St

WAREHOUSE, STORAGE

2925 Wi Nw Nicolai St, Portland, OR 97210

View Details
Value Estimation
$1,980,000

9,900 SF

2690 Nicolai St

WAREHOUSE, STORAGE

2690 Nicolai St, Portland, OR 97210-1817

View Details
Value Estimation
$2,445,000

9,000 SF

2202 Roosevelt St, Unit 2204

WAREHOUSE, STORAGE

2202 Roosevelt St, Portland, OR 97210-2306

View Details

Similar Nearby for Sale

New

Contact for pricing
24,100 SF

Industrial Flex Buildings with Showroom

Industrial buildings with retail and office/showroom space on 5.89 acres, including 3 acres usable.

5315 NW St Helens Rd, Portland, OR 97210

View Details
$1,500,000

9,540 SF

Industrial Yard/Warehouse Space For Sale

Contractor's yard, storage facility, and warehouse space for sale.

3641 NW SAINT HELENS, Portland, OR 97210

View Details
New

Contact for pricing
84,595 SF

Multi-Story Flex Maker Facility

Class A six-story building built in 2015 with flexible production, laboratory, and light manufacturing configurations.

2250 NW 22nd Ave, Portland, OR 97210

View Details
New

$2,950,000

18,751 SF

Portland Flex Warehouse and Office

18,751 SF flex warehouse with renovated office space.

2187 Northwest Reed Street, Portland, OR 97210

View Details
New

Contact for pricing
870,000 SF

Large-Scale Distribution Center

Industrial facility with extensive dock-high loading, substantial clear heights, and a Portland Enterprise Zone location.

3838 Northwest Front Avenue, Portland, OR 97210

View Details
New

$2,870,000

8,800 SF

Single-Tenant Warehouse with Mezzanine

Single-tenant warehouse featuring a dock-high door, a mezzanine, and off-street parking for efficient operations.

2237-2249 Northwest Raleigh Street, Portland, OR 97210

View Details

Similar Nearby for Lease

New

Contact for pricing
10,000 sqft

Industrial Warehouse with Secured Yard

Industrial warehouse space offers two grade doors, one dock door, and a paved, secured yard for storage.

2353 NW 21st Ave, Portland, OR 97210

View Details
Contact for pricing
28,000 sqft

Northwest York Street Flex Space

Flex and industrial space available in Portland, Oregon.

2110 Northwest York Street, Portland, OR 97210

View Details
New

Contact for pricing
31,200 sqft

Heavy Industrial Warehouse with Docks

Warehouse features 5 dock high and 1 grade door, 22-foot ceilings, and sprinklered systems with fully fenced parking.

3135 NW Industrial St, Portland, OR 97210

View Details
New

Contact for pricing
101,270 sqft

Freestanding Industrial Warehouse

Renovated freestanding warehouse for lease with a fully fenced and secured site.

2720 NW 35th Ave, Portland, OR 97210

View Details
New

Contact for pricing
6,200 sqft

Guild's Lake Flex Space Available

6200 SF flex space in Guild's Lake Industrial District.

3150 NW 31st Avenue, Portland, OR 97210

View Details
New

Contact for pricing
3,285 sqft

Warehouse Flex Facility with Office

Flex warehouse with finished office space and outdoor seating, with exposure on NW 29th Avenue in the Portland Northwest submarket.

3241-3271 NW 29th Ave, Portland, OR 97210

View Details