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    35 NE Weidler St Portland, OR 97232

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    35 NE Weidler St Portland, OR 97232

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    • Office properties & Spaces
    • 2,220 SF
    • 0.14 lot acres
    For Sale
    $2,350,000
    View Listing →
    Income Producing Owner User Opportunity For Sale
    $2,350,000
    2,215 SF

    Income Producing Owner User Opportunity

    Income-producing commercial building with secured parking in Portland, Oregon.

    35 NE Weidler St, Portland, OR 97232
    View Listing
    Property ID
    US71-0726879
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • City and State Real Estate / Real Estate Agency
    • Equity Builders Realty / Real Estate Agency

    Property Details for 35 NE Weidler St

    Year built
    1968
    Lot size
    0.14 lot acres
    Property size
    2,220 SF
    Zone code
    CXD
    Property type
    Office properties & Spaces
    APN
    1N1E27DD 11800
    APU
    1N1E27DD11800

    Description

    This exceptional 2,220 square foot creative office space presents a unique leasing opportunity in Portland's vibrant Lloyd District. Situated on a 5,922 square foot lot, this single-tenant property boasts high visibility due to its location on a busy intersection. The building, constructed in 1968, is a single-story Class C structure offering ample parking with 11 spaces available. The entire 2,220 square feet is currently vacant and ready for immediate occupancy. Ideal for businesses seeking a creative and accessible location, this property offers a blank canvas for customization and branding. Its convenient location within the Lloyd District provides easy access to major transportation routes, amenities, and a thriving business community. The single-tenant setup ensures privacy and control over the space. This is a rare opportunity to secure a well-positioned, sizable space in a highly desirable area. Contact us today to learn more about leasing rates and to schedule a viewing. Don't miss out on this chance to establish your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $870,000
      Market price range: $416k - $940k
      AI Estimate
      $870,000
      Market price range: $416k - $940k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $715,000
      Current use
      AUTO REPAIR, GARAGE
      $680,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $670,000
      Change: -6% Conversion: Easy
      RETAIL STORES
      $665,000
      Change: -7% Conversion: Easy
      OFFICE BUILDING
      $640,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.666
    Latitude
    45.5346
    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
    $8,140
    $0.00
    $0.00
    $307,200
    -
    $639,370
    $616,660
    $1,256,030

    Comparable in this City

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      18,500 SF

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      2153 Wi Ne Sandy Blvd, Portland, OR 97232
      View Details
    • Value Estimation
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      4,587 SF

      777 7th Ave

      OFFICE (GENERAL) • 4,587 SF
      777 7th Ave, Portland, OR 97232-2101
      View Details
    • Value Estimation
      $5,590,000
      29,804 SF

      825 20th Ave

      OFFICE (GENERAL) • 29,804 SF
      825 20th Ave, Portland, OR 97232-2275
      View Details
    • Value Estimation
      $985,000
      3,050 SF

      738 Davis St

      OFFICE (GENERAL) • 3,050 SF
      738 Davis St, Portland, OR 97232-2931
      View Details
    • Value Estimation
      $11,055,000
      26,100 SF

      901 Glisan St

      OFFICE (GENERAL) • 26,100 SF
      901 Glisan St, Portland, OR 97232-2730
      View Details
    • Value Estimation
      $1,070,000
      3,308 SF

      2307 Flanders St

      OFFICE (GENERAL) • 3,308 SF
      2307 Flanders St, Portland, OR 97232-3135
      View Details

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      View Details
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      Iconic Portland Retail/Office Building

      Historic commercial property with retail, office, and storage space.
      2975 NE Sandy Blvd, Portland, OR 97232
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    • Contact for pricing
      2,215 SF

      Income Producing Owner User Opportunity

      Income-producing commercial building with secured parking in Portland, Oregon.
      35 NE Weidler St, Portland, OR 97232
      View Details
    • Contact for pricing
      9,812 SF

      Historic Mixed-Use Building For Sale

      Historic mixed-use building with retail and office space available.
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    Similar Nearby for Lease

    • $1,250 /Mo

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      1607 and 1611 NE 16th Ave, Portland

      Charming Commercial Space for Lease 1607 and 611 NE 16th Ave, Portland
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      Office Space for Lease

      Office space available for rent in Portland, Oregon.
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      Creative Office Space Available

      Renovated creative office space in Oregon Square.
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      Charming Office Building for Rent

      Office building with private offices, conference rooms, and parking.
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      Proposed Oregon Square Office Development

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    View Listing
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    Portland, OR 97232
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    35 NE Weidler St, Portland, OR, 97232

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