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Financial
Distress signals
Property profile

5230 N Basin Ave Portland, OR 97217

FOR LEASE
Other warehouses
Property ID
US71-1807736
191,682 SF 6.63 ac lot Built 1955
Last sale Mar 2020 · $14,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This close-in last-mile showroom is configured with a newly built grade-level (overhead) door and is positioned for convenient access to the downtown core. The property is located less than one mile from Interstate 5, with Downtown Portland reached within approximately 10 minutes by road, supporting connectivity to regional routes while remaining near the city center. The site includes on-site visitor/customer parking intended to accommodate frequent arrivals, and the space is organized around the showroom use with access provided by the grade-level door.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$204k
Tax billed · 2023
Assessed value$7.68M
Effective rate2.65%

Value estimate

· Oct 2026
$14.70M
$13.23M – $16.17M
CAP approach$22.48M
Submarket $/SF estimate$26.45M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$204/SF
Submarket average, outlier-cleaned · 200 recorded sales of this use type
Observed band · Q1–Q3$136 – $309

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GI2
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm27.9
Realty agency25.8
Dental Office25.1

Location

5230 N Basin Ave Portland, OR 97217
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6845 Cutter, Portland, OR 97217-3944 $40,500,000 Feb 2026 96,288 SF
2121 Wi N Columbia, Portland, OR 97217 $371,250 Mar 2023 67,500 SF
4865 Lagoon, Portland, OR 97217-7633 $3,200,000 May 2021 26,879 SF
3919 Ballast, Portland, OR 97217-7664 $3,950,000 Apr 2021 39,904 SF
9444 Whitaker, Portland, OR 97217-7748 $6,950,000 Jul 2020 34,400 SF
5910 Wi N Cutter, Portland, OR 97217 $25,000,000 Dec 2019 164,666 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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