707 SE Belmont St Portland, OR 97214
Office Spaces
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Entity Owned
13-yr Hold
~
Est. High Equity
For Lease
1 / 24
Contact for pricing
707 SE Belmont St, Portland, OR 97214
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Estimated value (blended)
$2.13M
Range $1.92M – $2.34M (±10%)
Property ID
US71-0236681
Property summary
AI-generated overview
This exceptional 13,400-square-foot property at 707 SE Belmont St in Portland, Oregon, presents a unique opportunity for a single tenant seeking a combined office and warehouse space. Located in Multnomah County, the property boasts a convenient location within the Central Employment (EX) zoning district, offering easy access to major transportation routes and amenities. The building's total square footage is 13,400 square feet, all of which is currently vacant and ready for immediate occupancy. The property sits on a 0.18-acre lot and includes secured off-street parking on the lower level, providing ample and secure parking for employees and clients. The property's classification as both Executive Office and Warehouse space makes it ideal for businesses requiring a blend of professional office space and functional warehouse storage. The property's single-tenant occupancy ensures privacy and control over the entire space. The APN is 1S1E02BB 06400, and the zip code is 97214. This is a rare opportunity to secure a substantial, versatile property in a highly desirable Portland location. The property is available for lease.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Total area
8,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
EXD
APN
1S1E02BB 06400
UPID
US71-0236681
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
-
Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.13M
Owner & transaction history
since 2012
7 recorded transactions
Zoning & alternative use
EXD · Portland, OR
Top alternative use upside
Restaurant
$2.7M
+18.1%
Retail stores
$2.6M
+11.0%
Auto repair, garage
$2.4M
+5.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.13M
Value range
$1.92M – $2.34M
±10% around blend
Estimated value / SF
$266 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$1.92M
blend $2.13M
$2.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,000 SF
Lot area
0.18 ac
Year built
1967
Stories
1
APN
1S1E02BB 06400
Assessed value
$1,309,660
Annual tax
$34,704
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.16M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.7 mi away · 9,393 SF
11.4 mi away · 5,732 SF
18.1 mi away · 6,416 SF
19.5 mi away · 7,608 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.13M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$290
-8%
Submarket 517 sales
$288
-8%
County 498 sales
$284
-6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $266/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+18%
vs current-use indication
Retail Stores
Auto Repair, Garage
Medical Building
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.31M
Move the market yield to see immediate price impact.
Value / SF
$164
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$83k
$1.65M
$1.18M
$917k
$92k
$1.83M
$1.31M
$1.02M
$101k
$2.02M
$1.44M
$1.12M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.93M
9.0 mi · Nov 2025 · $218/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,704
Tax year 2023
Assessed value
$1,309,660
Assessed 2023
Previous assessed
$1,271,520
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$556,600
Improvement market value
$2,457,990
Total market value
$3,014,590
Applied tax rate
884.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1967
Heating
NONE
Stories
1
Total area
8,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
EXD
APN
1S1E02BB 06400
UPID
US71-0236681
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, ORZoning EXD · permitted uses
EXD · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
1
Lot
0.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
EXD
Jurisdiction
Portland, OR
Recorded code
EXD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EXD in Portland, OR.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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