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Property profile & analytics
FOR SALE
Office Spaces
5600 NE 122Nd Ave Portland, OR 97230
Entity Owned
Free & Clear
Property ID
US71-0609336
For Sale
1 / 3
$4,500,000
5600 NE 122Nd Ave, Portland, OR 97230
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Property summary
AI-generated overview
This exceptional 21,000-square-foot warehouse in Portland, Oregon, presents a compelling investment opportunity. Situated on a 1.72-acre lot at 5600 NE 122nd Ave, this property boasts a highly desirable location, just one block from Airport Way and a mile from I-205. Its proximity to the Portland International Airport (3.2 miles) provides unparalleled logistical advantages. The building, constructed in 1980, features a 100-foot clear span, 20-foot ceiling height, three dock-high doors, and one grade-level door. The warehouse space totals 18,000 square feet, complemented by 3,000 square feet of office/showroom space. The property includes a 74,923-square-foot fenced and paved yard, offering ample on-site parking. Three-phase power (1,000 amps) ensures operational efficiency. Nearby amenities include shopping, restaurants, and hotels, enhancing the property's appeal. The sale price is $4,500,000. This is a rare opportunity to acquire a well-located, functional warehouse in a thriving market.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Total area
3,075 SF
Lot
1.72 ac (74,923 SF)
Zoning code
IG2X
APN
1N2E14C 01000
UPID
US71-0609336
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
-
WINDSHIELD GUYZ Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Interstate Plastic Factory Production Facility
-
Pacific NorthWest Staffing Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.33M
Owner & transaction history
Discount Windows INC
Discount Windows INC
since 2025
4 recorded transactions
Zoning & alternative use
IG2X · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$940,000
+6.0%
Medical building
$930,000
+4.9%
Retail stores
$925,000
+4.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Current use
AUTO REPAIR, GARAGE
$940,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$930,000
Change: +5% · Conversion: Easy
RETAIL STORES
$925,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$890,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$431 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,354
Tax year 2023
Assessed value
$1,542,460
Assessed 2023
Previous assessed
$1,497,540
+3.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$1,217,040
Improvement market value
$3,035,540
Total market value
$4,252,580
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1980
Heating
NONE
Buildings
2
Stories
1
Total area
3,075 SF
Lot
1.72 ac (74,923 SF)
Zoning code
IG2X
APN
1N2E14C 01000
UPID
US71-0609336
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG2X · Portland, OR
Zoning IG2X · permitted uses
IG2X · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$940,000
MEDICAL BUILDING
Est. value
$930,000
RETAIL STORES
Est. value
$925,000
OFFICE BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Buildings
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Discount Windows INC
Entity
Free & Clear · 0 yrs held
Mailing address
1310 NE 148TH PL, VANCOUVER, WA 98684-3690
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
Discount Windows INC
Brohelleupold Investments LLC
Deed
—
Oct 3, 2025
$4,195,000
Brohel Leupold Investments LLC
Jh And Is Kwon LLC
Warranty Deed
$2,119,396 · Columbia Bank
Nov 24, 2015
$2,080,000
Jh & Is Kwon LLC
Ruralite Services INC
Warranty Deed
$1,200,000 · Bank Of America
—
—
Ruralite Services INC
—
Deed Of Trust
related
$1,200,000 · National Rural Utilities
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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