525 SE Oak St Portland, OR 97214
Property profile & analytics
525 SE Oak St Portland, OR 97214
- Auto shops
- 3,456 SF
- 0.23 lot acres
Property ID
US71-1803332
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
- Auto shops
Property Details for 525 SE Oak St
- Year built
- 1927
- Lot size
- 0.23 lot acres
- Property size
- 3,456 SF
- Zone code
- IG1
- Property type
- Auto shops
- APN
- 1N1E35CC 08900
- APU
- 1N1E35CC08900
Description
Exceptional redevelopment opportunity in Portland's thriving Central Eastside. This 10,000 square foot lot boasts EX zoning, allowing for significant development potential. The property includes a functional 3500 square foot industrial building featuring a grade-level door, three-phase power, and ample yard/storage space on both sides, ideal for various uses such as a woodshop or light manufacturing. Its prime location, near SE Grand at Oak and SE 6th, offers unparalleled access to the area's vibrant growth. Over $1.5 billion in new investment has transformed the Central Eastside in the last decade, adding over 1 million square feet of Class A office space, 4500 new apartments, 5000 jobs, and 100 new businesses. This site provides a strategic location within this dynamic neighborhood, allowing for immediate use of the existing building while capitalizing on long-term development prospects. The property includes 20 parking spaces. The seller is open to exploring flexible financing options to facilitate a successful transaction. This is a rare chance to acquire a highly desirable property in one of Portland's most sought-after areas.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $823,000
- AI Estimate
- $823,000
Market price range: $593k - $1.71MMarket price range: $593k - $1.71M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,055,000 Current use
- RETAIL STORES
- $1,110,000 Change: +5% Conversion: Difficult
- MEDICAL BUILDING
- $1,045,000 Change: -1% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,000,000 Change: -5% Conversion: Moderate
- OFFICE BUILDING
- $1,000,000 Change: -5% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.66
- Latitude
- 45.5203
- 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
$5,602
$0.00
$0.00
$211,400
-
$867,830
$244,860
$1,112,690
