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Property profile & analytics
FOR LEASE
Retail space
3808 N Williams Ave Portland, OR 97227
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0067994
For Lease
1 / 29
$28 SF/Yr
3808 N Williams Ave, Portland, OR 97227
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Property summary
AI-generated overview
The HUB Building, located at 3808 N Williams Ave in Portland, Oregon (97227), offers exceptional retail space for lease. This Multnomah County property boasts a total of 12,213 square feet, divided into three suites. Currently, 3,700 square feet are available, with individual suite sizes ranging from a minimum of 1,780 square feet to a maximum contiguous space of 1,920 square feet. The building is classified as a multi-tenant retail storefront property, presenting a unique opportunity for businesses seeking high-visibility locations in a vibrant Portland neighborhood. The property's address is easily accessible and benefits from high foot traffic and excellent visibility. Interested parties should note that the minimum leasable space is 1,780 square feet. The building's strategic location within Multnomah County offers access to a diverse customer base and strong local economy. This is an ideal opportunity for businesses seeking a well-positioned retail space in a thriving Portland market. Contact us to learn more about leasing options and availability.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
3,100 SF
Lot
0.71 ac (31,000 SF)
Zoning code
EXD
APN
1N1E22DD 07700
UPID
US71-0067994
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
Current use
Occupant on record · Public records
-
Hipcooks Vocational School Training Center
-
Eem - Thai BBQ & Cocktails Restaurant
-
High Vibe Witch Medical Clinic Skin Care Clinic
-
Bombshell Transformations Hair Salon Nail Salon
-
Christy Blevins Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.34M
Owner & transaction history
3808 Williams LLC · 21 yrs held
3808 Williams LLC
since 2005
7 recorded transactions
Zoning & alternative use
EXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$945,000
+1.7%
Medical building
$935,000
+0.6%
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
RETAIL STORES
$930,000
Current use
AUTO REPAIR, GARAGE
$945,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$895,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$431 / 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
$73,388
Tax year 2023
Assessed value
$2,769,490
Assessed 2023
Previous assessed
$2,688,830
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,994,460
Improvement market value
$5,655,810
Total market value
$8,650,270
Applied tax rate
710.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1973
Heating
NONE
Buildings
2
Stories
1
Total area
3,100 SF
Lot
0.71 ac (31,000 SF)
Zoning code
EXD
APN
1N1E22DD 07700
UPID
US71-0067994
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, OR
Zoning EXD · permitted uses
EXD · 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
RETAIL STORES Current
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$945,000
MEDICAL BUILDING
Est. value
$935,000
OFFICE BUILDING
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1973
Heating
NONE
Stories
1
Buildings
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
3808 Williams LLC
Entity
Mailing address
901 NE GLISAN ST, PORTLAND, OR 97232-2730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
3808 Williams LLC
—
Deed
related
$2,000,000 · Onpoint Community Cu
Sep 28, 2020
—
3808 William LLC
—
Deed
related
$2,820,000 · Onpoint Community Cu
Sep 17, 2008
—
3808 Williams LLC
—
Trustees Deed
related
—
Oct 26, 2007
—
3808 Williams LLC
—
Grant Deed
related
$2,254,232 · Umpqua Bank
May 10, 2005
$1,260,000
3808 Williams LLC
Kinesis USA INC
Warranty Deed
$1,000,000 · Bank Of Clark County
Jul 8, 1999
—
Walter W Cole
Sutton,lenard D
Grant Deed
related
—
Jun 7, 1999
—
Walter W Cole
Sutton,lenard D
Quit Claim Deed
related
—
—
—
3808 Williams LLC
—
Deed Of Trust
related
$3,185,975 · Umpqua Bank
—
—
3808 Williams LLC
—
Deed Of Trust
related
$3,477,500 · Umpqua Bank
—
—
3808 Williams LLC
—
Deed Of Trust
related
$95,000 · Community Dev Commission
—
—
Kinesis USA INC
—
Deed Of Trust
related
$110,000 · Portland Development Commissio
—
—
Kinesis USA INC
—
Deed Of Trust
related
$80,000 · Portland City (or)
—
—
3808 Williams LLC
—
Deed Of Trust
related
$1,000,000 · Umpqua Bank
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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