You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

2817 Nela St Portland, OR 97210-1715

OFF-MARKET Warehouses Google Maps
16,903 SF 0.7 ac lot Built 1977
Entity Owned ~ Est. High Equity
Estimated value (blended)
$730k
Range $657k – $803k (±10%)
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

Current use

Occupant on record · Public records
  • Factory Textile Manufacturer
  • 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
$730k

Owner & transaction history

since 2025
Last sale
$3.6M
5 recorded transactions
2025
$3.6M
2017
Price N/A
2014
Price N/A
2003
Price N/A
1969
Price N/A

Zoning & alternative use

IH · Portland, OR
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
Top alternative use upside
Restaurant $5.8M +67.8%
Commercial (general) $5.6M +63.0%
Apartment house (5+ units) $5.2M +51.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2817 Nela St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message