2705 E Burnside St Portland, OR 97214
Property Lookup
Property profile & analytics
2705 E Burnside St Portland, OR 97214
- Office properties & Spaces
- 18,815 SF
- 0.49 lot acres
Property ID
US71-0787191
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Organic Partners International / Grocery & Convenience Store / Food Market
- Portland Cooperative Divorce / Law Firm
- Black Cloud Therapy / Psychotherapist
- Simon John Agger / Alternative Medicine Practice
- Ms. Korina Jochim / Marriage Or Relationship Counselor
Property Details for 2705 E Burnside St
- Year built
- 1911
- Lot size
- 0.49 lot acres
- Property size
- 18,815 SF
- Zone code
- CS
- Property type
- Office properties & Spaces
- APN
- 1N1E36CB 04800
- APU
- 1N1E36CB04800
Description
This exceptional investment opportunity presents a stabilized Class B office building located at 2705 E Burnside St, Portland, Oregon 97214. The Burnside Trolley Building offers 16,597 square feet of leasable space, spread across two stories and served by an elevator. The building boasts a classic brick exterior and features on-site parking, a significant advantage in this desirable location. Currently generating a strong pro-forma NOI of $270,650, resulting in a 6.29% pro-forma cap rate, this property offers a compelling return on investment. The asking price is $4,300,000, translating to $259.08 per square foot. The building's tenant base demonstrates remarkable stability, with over half having occupied the space for more than a decade, indicating strong lease longevity and predictable income streams. Situated in close-in Portland, the property benefits from its proximity to numerous amenities, making it an attractive location for businesses and employees alike. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Portland neighborhood. The building's solid performance history and strong tenant relationships make it an ideal addition to any commercial real estate portfolio. This two-story building offers a blend of classic charm and modern functionality, making it a highly sought-after property in the competitive Portland market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,010,000
- AI Estimate
- $4,010,000
Market price range: $4.01M - $7.80MMarket price range: $4.01M - $7.80M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,455,000 Current use
- RESTAURANT
- $6,445,000 Change: +18% Conversion: Difficult
- RETAIL STORES
- $6,055,000 Change: +11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,745,000 Change: +5% Conversion: Difficult
- MEDICAL BUILDING
- $5,685,000 Change: +4% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $5,570,000 Change: +2% Conversion: Moderate
- OFFICE BUILDING
- $5,440,000 Change: -0% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.638
- Latitude
- 45.5232
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,486
$0.00
$0.00
$1,565,570
-
$2,580,000
$1,781,790
$4,361,790
