Financial
Distress signals
Property profile

2518 NE Broadway St Portland, OR 97232

FOR LEASE
Retail space
Property ID
US71-0989545
14,960 SF 0.26 ac lot Built 1981
Last sale Apr 2003 · $750,000
Trust Owned Owner of record is a trust. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a two-story, multi-tenant office building located in the Lloyd District of Portland, Oregon, in a mixed-use setting. The building is elevator-served and has signage visibility from NE Broadway Street, situated on the southwest corner of NE Broadway Street and NE 26th Avenue. The total building area is 14,926 square feet. The location provides access to Interstate 84, downtown Portland, and Portland International Airport, and the surrounding area includes nearby retail amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$45k
Tax billed · 2023
Assessed value$1.71M
Effective rate2.65%

Value estimate

· Sep 2026
$5.84M
$5.25M – $6.42M
Submarket $/SF estimate$5.83M
NOI build-up
Gross scheduled income$340k
Vacancy & credit loss−$83k
Operating expenses−$64k
NOI · 966,065.00% cap applied$193k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 315 recorded sales of this use type
Observed band · Q1–Q3$178 – $430
Qualifying comparables5

Cap rate analysis

How does the asset earn?
966,065.00%
$193k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CS
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market9.5
Laundry Service9.5
Shoe Repair9.0

Location

2518 NE Broadway St Portland, OR 97232
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1422 Broadway, Portland, OR 97232-1405 $3,100,000 Feb 2024 8,754 SF
3747 Sandy, Portland, OR 97232-1840 $2,865,000 Mar 2023 11,050 SF
2340 Sandy, Portland, OR 97232-2813 $4,200,000 Jul 2022 9,260 SF
1623 Broadway, Portland, OR 97232-1425 $2,860,000 Mar 2022 9,000 SF
401 Weidler, Portland, OR 97232-1123 $1,650,000 Dec 2021 9,000 SF
106 Grand, Portland, OR 97232-2937 $2,800,000 Apr 2020 9,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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