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Property profile & analytics
FOR LEASE
Office Spaces
5933 NE Win Sivers Dr Portland, OR 97230
Individually Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0905984
For Lease
1 / 16
Contact for pricing
5933 NE Win Sivers Dr, Portland, OR 97230
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Property summary
AI-generated overview
This exceptional Portland, Oregon office space, located at 5933 NE Win Sivers Drive, 97230, offers a prime lease opportunity within the prestigious Sivers Airport Plaza. This three-story, Class A building, constructed in 1988, boasts 42,000 square feet of total space and features stunning architectural design. Enjoy breathtaking views of Mount Hood and the Columbia River from your office. The property sits on a 2.16-acre lot and is zoned EG2 in Multnomah County. Multiple tenancy options are available, with a minimum divisible space of 1,025 square feet and a maximum contiguous space of 5,000 square feet. Currently, 10,794 square feet is vacant and ready for immediate occupancy. Ample parking is provided, with a generous ratio of four spaces per 1,000 square feet. This executive office space is perfect for businesses seeking a sophisticated and convenient location in Portland. Contact us today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Total area
42,000 SF
Lot
2.16 ac (94,002 SF)
Zoning code
EG2HX
APN
1N2E15DA 01300
UPID
US71-0905984
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
-
Mr. Electric of Portland Electrical Service General Contractor
-
Prairie Electric Inc. Electrical Service General Contractor
-
Tax Relief Settlement Firm- Gresham Tax Preparation
-
Portland Rehab Center Rehabilitation Center
-
Dr. Lucas Klein Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.45M
Blend (final)
Blend
$8.45M
Owner & transaction history
Robert D Jensen · 31 yrs held
Robert D Jensen
since 1994
3 recorded transactions
Zoning & alternative use
EG2HX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.8M
+13.1%
Medical building
$12.7M
+11.8%
Retail stores
$12.6M
+11.2%
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)
$11,345,000
Current use
AUTO REPAIR, GARAGE
$12,825,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$12,685,000
Change: +12% · Conversion: Easy
RETAIL STORES
$12,610,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$12,140,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,165,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$8.45M
Range $7.61M – $9.30M · ±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
$201 / 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
$89,173
Tax year 2023
Assessed value
$3,887,400
Assessed 2023
Previous assessed
$3,774,180
+3.0% YoY
Effective rate
2.29%
On assessed value
Land market value
$1,409,720
Improvement market value
$7,198,250
Total market value
$8,607,970
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 Lease
Year built
1998
Heating
NONE
Stories
3
Total area
42,000 SF
Lot
2.16 ac (94,002 SF)
Zoning code
EG2HX
APN
1N2E15DA 01300
UPID
US71-0905984
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2HX · Portland, ORZoning EG2HX · permitted uses
EG2HX · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$12.7M
RETAIL STORES
Est. value
$12.6M
OFFICE BUILDING
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
NONE
Stories
3
Lot
2.16 ac
Current owner
From public records · entity-resolved
Robert D Jensen
Individual
Free & Clear · 31 yrs held
Mailing address
4730 S MACADAM AVE STE #101, PORTLAND, OR 97239-6417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 1994
$160,000
Robert D Jensen
D W Sivers Co
Grant Deed
—
—
—
Dw Sivers Co
—
Deed Of Trust
related
$2,800,000 · Pfl Life Insurance Co
—
—
D W Sivers
—
Deed Of Trust
related
$3,100,000 · Key Bank NA
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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