Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    524 Burnside St Portland, OR 97214-1148

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    524 Burnside St Portland, OR 97214-1148

    View on Map
    • Office properties & Spaces
    • 27,500 SF
    • 0.09 lot acres
    Off-Market
    Last Sale May 31, 2023
    $1,407,653
    Property ID
    US71-0895403
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Housing Development Center / Construction Company / General Contractor
    • Emma / (Bike/Boat/Book/etc) Store / Corporate Office
    • Premise Data Corporation, Portland Office / Business To Business Service
    • Ann Renate LLC / Justice Of The Peace

    Property Details for 524 Burnside St

    Year built
    2008
    Lot size
    0.09 lot acres
    Property size
    27,500 SF
    Zone code
    EXD
    Property type
    Office properties & Spaces
    APN
    1N1E35CC 01700
    APU
    1N1E35CC01700

    Description

    This exceptional seven-story, 27,500-square-foot mixed-use building, located at 524 E Burnside St, Portland, OR 97214, presents a unique investment opportunity. The Class A creative office space boasts an award-winning design featuring concrete, steel, and glass construction. Multiple city rooms and bump-outs extend over the sidewalk, providing abundant natural light and stunning views. Currently 38.8% leased, the building offers flexible floor plates with demise options, allowing for customization to suit various tenant needs. Available spaces range from 1,345 to 3,782 square feet, all turnkey ready. The property presents significant potential for building signage and branding opportunities. Furthermore, the building's design allows for exploration of commercial condo conversion or other reuse opportunities. Recent lease extensions and expansions by a ground floor tenant demonstrate strong market demand. This property offers a rare combination of size, location, and design in a highly desirable Portland neighborhood, providing excellent walkability and convenient transit access. The building's uncompromising quality and design make it an attractive option for both buyers and tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.66
    Latitude
    45.5228
    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
    $77,666
    $0.00
    $0.00
    $2,930,950
    -
    $760,000
    $5,045,850
    $5,805,850

    Comparable in this City

    • Value Estimation
      $520,000
      1,250 SF

      532 Ankeny St

      OFFICE (GENERAL) • 1,250 SF
      532 Ankeny St, Portland, OR 97214-1104
      View Details
    • Value Estimation
      $5,350,000
      25,091 SF

      215 9th Ave

      OFFICE (GENERAL) • 25,091 SF
      215 9th Ave, Portland, OR 97214-1358
      View Details
    • Value Estimation
      $35,140,000
      84,756 SF

      120 Clay St

      OFFICE (GENERAL) • 84,756 SF
      120 Clay St, Portland, OR 97214-3306
      View Details
    • Value Estimation
      $28,165,000
      77,275 SF

      1615 3rd Ave

      OFFICE (GENERAL) • 77,275 SF
      1615 3rd Ave, Portland, OR 97214-2283
      View Details
    • Value Estimation
      $695,000
      3,250 SF

      1917 7th Ave

      OFFICE (GENERAL) • 3,250 SF
      1917 7th Ave, Portland, OR 97214-4601
      View Details
    • Value Estimation
      $6,445,000
      25,000 SF

      614 Grand Ave

      OFFICE (GENERAL) • 25,000 SF
      614 Grand Ave, Portland, OR 97214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,815 SF

      Classic Brick Office Building

      Two-story office building with elevator and on-site parking.
      2705 E Burnside St, Portland, OR 97214
      View Details
    • $1,795,000
      7,500 SF

      Two-Story Office Building For Sale

      7,500 SF owner-user office building with flexible layout.
      1430 SW Clay St, Portland, OR 97214
      View Details
    • Contact for pricing
      18,248 SF

      Historic Portland Property with Renovation

      Historic Portland property suitable for event, restaurant, or creative space.
      537 SE Alder St, Portland, OR 97214
      View Details
    • $3,350,000
      10,800 SF

      Office Building with Roll-Up Door

      Office building built in 2007 with CM2 zoning.
      1224 SE Oak St, Portland, OR 97214
      View Details
    • Contact for pricing
      4,000 SF

      Renovated Creative Space with Warehouse

      Renovated creative space with warehouse in vibrant Central Eastside.
      840 SE Washington St, Portland, OR 97214
      View Details
    • $1,995,000
      4,528 SF

      Central Eastside Industrial Office Building

      4,528 SF industrial office building on 20,000 SF land.
      2410 SE 10Th Ave, Portland, OR 97214
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail or Creative Office Space

      Excellent opportunity for retail or creative office workplace.
      707 SE Belmont St, Portland, OR 97214
      View Details
    • Contact for pricing

      Historic Office Space in Buckman

      Remodeled office suites in Portland's historic Buckman neighborhood.
      1110 SE Alder St, Portland, OR 97214
      View Details
    • Contact for pricing
      17,786 SF

      Office Space Available For Rent

      Office space available for rent in Portland, Oregon.
      555 Southeast Martin Luther King Junior Blvd, Portland, OR 97214
      View Details
    • Contact for pricing
      782 SF

      Creative Office Suites For Rent

      Two creative office suites with mezzanine, kitchenette, and parking.
      1101 SE Salmon St, Portland, OR 97214
      View Details
    • Contact for pricing
      19,337 SF

      Creative Office Space Available

      Creative office space featuring hardwood floors and natural light.
      221-225 SE Main St, Portland, OR 97214
      View Details
    • Contact for pricing
      1,492 SF

      Portland Office Building with Trees

      Six-story office building with unique vertical forest design.
      850 SE 3Rd Ave, Portland, OR 97214
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    524 Burnside St
    Portland, OR 97214-1148
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    524 Burnside St, Portland, OR, 97214

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!