Property profile

615 Clay St Portland, OR 97214

OFF-MARKET
Auto shops
Property ID
US71-0646591
5,000 SF 0.12 ac lot Built 1924
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1924
Total area 5,000 SF
Lot 0.12 ac (5,040 SF)
Zoning code IG1
APN 1S1E02CB 04100
UPID US71-0646591

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Medical Clinic

Location

615 Clay St Portland, OR 97214-3509
Portland metro Census 1102 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$1.01M

Owner & transaction history

since 2019
7 recorded transactions
2019
$3.7M
2018
Price N/A
2018
$10,000
2017
$10,000
2017
Price N/A
2016
$25,000
2016
$50,000

Zoning & alternative use

IG1 · Portland, OR
Zoning description

The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.6M +5.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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