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Property profile & analytics
FOR SALE
Office Spaces
35 NW 20Th Pl Portland, OR 97209
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-1018899
For Sale
1 / 30
$1,600,000
35 NW 20Th Pl, Portland, OR 97209
View Listing →
Property summary
AI-generated overview
This exceptional 1-story, 1,000 square foot medical office building, constructed in 1921 and renovated in 2000, presents a unique investment opportunity in the heart of Portland, Oregon. Situated at 35 NW 20th Place, near the intersection of Burnside Street, this free-standing building offers a convenient and highly desirable location. The property boasts ample parking with 10 spaces, a significant advantage in this vibrant urban setting. Currently configured for multiple tenants, the building is zoned CX – Central Commercial, allowing for a variety of uses. Its proximity to Providence Park and the Stadium Fred Meyer provides excellent visibility and accessibility. The building's history and recent renovations combine to offer a blend of character and modern functionality. The property's single-story design ensures easy navigation and accessibility for patients and staff. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a prime Portland location. The building's location and amenities make it an attractive option for a variety of medical practices or other commercial ventures. The 1,000 square feet of space is currently available.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1921
Total area
5,400 SF
Lot
0.24 ac (10,440 SF)
Zoning code
CX
APN
1N1E33CA 13600
UPID
US71-1018899
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.99M
Owner & transaction history
35 NW 20TH PLACE LLC
35 NW 20TH PLACE LLC
Zoning & alternative use
CX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+3.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,795,000
Current use
RESTAURANT
$1,850,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,650,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,630,000
Change: -9% · Conversion: Easy
RETAIL STORES
$1,620,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$1,560,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$368 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,241
Tax year 2023
Assessed value
$1,142,320
Assessed 2023
Previous assessed
$1,109,050
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,039,240
Improvement market value
$1,010,250
Total market value
$3,049,490
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1921
Heating
NONE
Stories
1
Total area
5,400 SF
Lot
0.24 ac (10,440 SF)
Zoning code
CX
APN
1N1E33CA 13600
UPID
US71-1018899
Jurisdiction
MULTNOMAH
Zoning & alternative use
CX · Portland, OR
Zoning CX · permitted uses
CX · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1921
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
35 NW 20TH PLACE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1808 N RAMPART ST, NEW ORLEANS, LA 70116-1935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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