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    FOR SALE
    Office Spaces

    4540 S Kelly Ave, Portland, OR 97239

    8,466 SF 0.41 ac lot Built 1908
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US71-1848373
    Property summary
    AI-generated overview

    This exceptional three-story creative office building, located at 4540 S Kelly Ave in Portland, Oregon's desirable Johns Landing neighborhood, presents a unique owner-user opportunity. The 8,466 square foot building sits on a 17,799 square foot lot and is currently vacant, offering immediate occupancy. Priced at $2,490,000 ($294.12 per square foot), this property boasts a highly desirable location with easy access to downtown Portland, major bridges, and Interstate 5. The building features nineteen on-site parking spaces, large windows providing abundant natural light, and spectacular views of Mount Hood and the Willamette River. High exposed ceilings add to the creative atmosphere, complemented by a massive outdoor deck perfect for client entertainment. The surrounding area offers numerous shopping and dining options, enhancing the property's appeal. This is an ideal opportunity for a business seeking a prominent and well-appointed space in a vibrant Portland neighborhood. The property is situated in Multnomah County, Oregon, with a zip code of 97239.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1908
    Total area 8,466 SF
    Lot 0.41 ac (17,800 SF)
    Zoning code C02D
    APN 1S1E15BA 03600
    UPID US71-1848373
    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
    • Cohen Richard A MD Physician
    • Point B Consultant Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.99M
    Blend (final) Blend
    $3.00M
    Owner & transaction history
    Hof Building LLC · 9 yrs held
    Hof Building LLC
    since 2017
    7 recorded transactions
    2017
    $2.6M
    2007
    2006
    2005
    $1.1M
    1969
    1969
    1969
    Zoning & alternative use
    C02D · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.9M +25.0%
    Auto repair, garage $2.6M +11.4%
    Medical building $2.6M +10.2%
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    More about this property
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