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Financial
Distress signals
Property profile

5411 N Lagoon Ave Portland, OR 97217

FOR LEASE
Other warehouses
Property ID
US71-1003271
44,842 SF 3.5 ac lot Built 1965
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A warehouse configured for material handling and industrial operations, including existing 2- and 3-ton bridge cranes and professionally maintained epoxy floor surfaces designed for dependable floor performance. The building has extensive electrical distribution throughout to support a range of industrial equipment and process needs. Site circulation is supported by drive-through and drive-around access for loading, receiving, and vehicle movement. The property is centrally located near the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$70k
Tax billed · 2023
Assessed value$2.66M
Effective rate2.65%

Value estimate

· Oct 2026
$9.16M
$8.24M – $10.07M
Submarket $/SF estimate$9.15M

Realmo valuation models over county records and 6 qualifying comparable sales.

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
Qualifying comparables6

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?
IG2I
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 Firm12.4
Realty agency12.3
Auto Parts Store10.6

Location

5411 N Lagoon Ave Portland, OR 97217
County assessor Recorded deeds · not on file 6 qualifying comp sales 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
12220 Nn Portland, Portland, OR 97217-7711 $3,000,000 Dec 2021 22,000 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
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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