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3365 Southeast 17Th Ave Portland, OR 97202

Warehouses Google Maps
12,000 SF 0.46 ac lot Built 1973
Entity Owned 10-yr Hold Absentee Owner Free & Clear
3365 Southeast 17Th Ave, Portland, OR 97202 For Lease
$550,000 12,000 SF available
3365 Southeast 17Th Ave, Portland, OR 97202
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Estimated value (blended)
$550k
Range $495k – $605k (±10%)
Property ID US71-1027614

Property summary

AI-generated overview

This exceptional 12,000-square-foot industrial property, located at 3365 SE 17th Ave in Portland, Oregon's desirable Brooklyn neighborhood (zip code 97202), presents a unique investment opportunity. The single-tenant building offers a versatile layout ideal for manufacturing, warehouse, or distribution operations. Situated on a sizable 19,828-square-foot lot, the property boasts the rare advantage of dedicated off-street parking and yard space, a significant benefit for loading, unloading, and storage. Its convenient location provides easy access to public transportation, with a bus route and light rail station directly across the street, enhancing employee commute options and logistical efficiency. The building's straightforward design maximizes functionality and space utilization. This property is in Multnomah County and is classified as an industrial building with manufacturing, warehouse, and distribution subtypes. The property's central location within the vibrant Brooklyn neighborhood offers excellent visibility and accessibility, making it an attractive option for businesses seeking a well-positioned industrial space in a thriving Portland area. The property's size and features make it suitable for a variety of industrial uses. The combination of functional design, ample parking, and convenient public transportation access makes this a highly desirable industrial property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 12,000 SF
Lot 0.46 ac (19,828 SF)
Zoning code EG
APN 1S1E11AC 12500
UPID US71-1027614

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 Industrial Manufacturer
  • Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.69M
Blend (final) Blend
$550k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
1988
$335,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

EG · Portland, OR
Top alternative use upside
Restaurant $4.1M +59.7%
Retail stores $4.0M +55.6%
Auto repair, garage $3.7M +42.4%

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
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