4325 82nd Ave Portland, OR 97266-2919
Property Lookup
Property profile & analytics
4325 82nd Ave Portland, OR 97266-2919
- Retail space
- 13,730 SF
- 0.98 lot acres
Property ID
US71-0405066
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Walgreens / Cosmetic Store
- Walgreens Pharmacy / Pharmacy
- US Bank Mortgage / Loan Service / Bank
Property Details for 4325 82nd Ave
- Year built
- 1999
- Lot size
- 0.98 lot acres
- Property size
- 13,730 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- 1S2E08DD 05800
- APU
- 1S2E08DD05800
Description
This exceptional investment opportunity presents a fee-simple ownership of a 13,905 square foot Walgreens located at 4325 SE 82nd Ave, Portland, OR 97206. The property sits on a 1.4-acre lot and boasts a Class A rating. Currently operating under a triple-net (NNN) lease with Walgreens Boots Alliance, a credit-rated tenant with a corporate guarantee, this property offers a secure and passive income stream. The lease, originally commencing May 2, 1997, has been recently extended through April 30, 2034, with six 5-year renewal options. This provides a remaining lease term of approximately 10 years. The property features a 7.40% cap rate and a net operating income (NOI) of $353,312, with an asking price of $4,775,000 ($343.40/sq ft). Built in 1997 and renovated in 2017 (including a new roof with a 25-year transferable warranty), the property benefits from excellent visibility at a high-traffic intersection (40,238 vehicles daily) and proximity to Interstate 205 (161,918 vehicles daily), Portland Community College, Multnomah University, Oliver P Lent Elementary School, and Adventist Health Portland. The location is in a densely populated area (465,078+ people within a 5-mile radius) with strong projected population growth. The Walgreens store reports over $8.35 million in total store sales. This is a prime investment opportunity for those seeking a stable, high-performing asset with a long-term lease and strong tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,050,000
- ML approach
- $4,050,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,665,000
- 6.5%
- $2,460,000
- 7%
- $2,285,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,120,000 Current use
- RESTAURANT
- $4,700,000 Change: +14% Conversion: Easy
- MEDICAL BUILDING
- $4,145,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $3,970,000 Change: -4% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $3,650,000 Change: -11% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,460,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.579
- Latitude
- 45.4906
- 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
$52,152
$0.00
$0.00
$1,968,080
-
$2,955,340
$2,548,600
$5,503,940
