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    Property profile & analytics
    OFF-MARKET Estimated value $3,630,000
    Warehouses

    2817 Nela St, Portland, OR 97210-1715

    16,903 SF 0.7 ac lot Built 1977
    Entity Owned ~ Est. High Equity
    Property ID
    US71-0562267
    Property summary
    AI-generated overview

    This exceptional Portland industrial warehouse, located at 2817 NW Nela St, offers a rare opportunity for businesses seeking flexible space in Multnomah County. The property boasts a total of 18,727 square feet, currently entirely vacant and available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 1,824 square feet to a maximum contiguous space of 16,903 square feet, catering to a variety of business needs. Built in 1977, the warehouse features impressive ceiling heights ranging from approximately 18 to 22 feet, providing ample vertical space for storage and operations. Loading and unloading are facilitated by three loading docks and one dock-high door. Extensive parking is provided within a fenced and paved area. The property benefits from heavy power with the added advantage of solar panels, contributing to both operational efficiency and sustainability. The zoning designation is IG1 - General Industrial 1, suitable for a wide range of industrial uses. The lot size is a substantial 30,492 square feet. This well-located warehouse in Portland, Oregon (zip code 97210) presents a compelling opportunity for businesses seeking a functional and efficient space. Contact us today to learn more about leasing options.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1977
    Total area 16,903 SF
    Lot 0.7 ac (30,492 SF)
    Zoning code IH
    APN 1N1E29AC 00200
    UPID US71-0562267
    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
    • Factories Connection, Inc. Factory Textile Manufacturer
    • JJSS PROPERTY, LLC Property Management Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.66M
    Blend (final) Blend
    $3.63M
    Owner & transaction history
    R & R Realestate Holdings LLC
    R & R Realestate Holdings LLC
    since 2025
    Last sale
    $3.6M
    5 recorded transactions
    2025
    $3.6M
    2017
    2014
    2003
    1969
    Zoning & alternative use
    IH · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $5.8M +67.8%
    Commercial (general) $5.6M +63.0%
    Apartment house (5+ units) $5.2M +51.8%
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