Realmo Analytics

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Property profile

322 5th Ave 338 Portland, OR 97209

OFF-MARKET
Other office properties
Property ID
US71-1028773
30,000 SF 0.23 ac lot Built 1909
Last sale Dec 1990 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office property comprises approximately 20,000 square feet and is positioned with direct access to the MAX Light Rail and the TriMet Bus Mall. The building includes enclosed, secure parking, a secure entrance, and a reception area with a built-in desk. Interior spaces are organized around an open kitchen area, an open work area that can accommodate workstation use, and internal stairs connecting the ground floor to the second floor. It also provides multiple conference rooms and meeting spaces suitable for collaborative and client-facing functions.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$1.26M
Effective rate2.65%

Value estimate

· Nov 2026
$6.41M
$5.76M – $7.05M
Submarket $/SF estimate$6.41M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$333/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$214 – $443
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CXD
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service7.2
Buffet6.8
Adult Day Care Center6.8

Location

322 5th Ave, Unit 338 Portland, OR 97209-3825
County assessor Recorded deeds · 3 transfers 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 14th, Portland, OR 97209-2604 $3,600,000 Dec 2025 36,800 SF
208 5th, Portland, OR 97209-4069 $6,900,000 Mar 2025 20,000 SF
1624 Lovejoy, Portland, OR 97209-2314 $4,270,298 Nov 2024 20,000 SF
205 4th, Portland, OR 97209-3805 $4,650,000 Jun 2024 30,000 SF
811 19th, Portland, OR 97209-1401 $319,000 Mar 2022 19,519 SF
1800 16th, Portland, OR 97209-2556 $750,000 Jan 2020 19,652 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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