Property profile

407 16th Ave Portland, OR 97209

OFF-MARKET
Retail space
Property ID
US71-0559274
5,400 SF 0.23 ac lot Built 1929
Entity Owned 17-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1929
Construction CONCRETE
Total area 5,400 SF
Lot 0.23 ac (10,000 SF)
Zoning code EXD
APN 1N1E33DB 00200
UPID US71-0559274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

407 16th Ave Portland, OR 97209-2610
Portland metro Census 5002 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$390k

Owner & transaction history

since 2009
4 recorded transactions
2009
Price N/A
2000
Price N/A
1993
$350,000
1969
Price N/A

Zoning & alternative use

EXD · Portland, OR
Top alternative use upside
Restaurant $1.9M +14.1%
Commercial (general) $1.8M +10.8%
Auto repair, garage $1.7M +1.7%

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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