Built in 2002 for the Department of Defense and MEPS, this Class B office building has been maintained with multiple upgrades and professional ongoing maintenance. The structure includes specialized improvements supporting its MEPS-related function and is configured for single-building office use. The property is located adjacent to Portland International Airport and near the FBI building, Embassy Suites, and Cascade Station, with proximity of approximately 1.5 miles to the I-205 interchange and about 5 miles to I-5.

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?

$44k

Tax billed · 2023

Assessed value$1.95M

Effective rate2.23%

Value estimate

· Nov 2026

$7.90M

$7.11M – $8.68M

CAP approach$5.02M

Submarket $/SF estimate$4.24M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?

$270/SF

ZIP average, outlier-cleaned · 20 recorded sales of this use type

Observed band · Q1–Q3$115 – $395

Qualifying comparables4

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?

EG2HX

JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?

Best fit: Locksmith

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Locksmith8.6

Convenience Store8.4

Garden Center8.4

7545 Ambassador Pl Portland, OR 97220-1367

County assessor Recorded deeds · 8 transfers 4 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 · 16 properties nearby

Address Sale price Sold Size

12106 Marx, Portland, OR 97220-9035 $1,900,000 Feb 2025 9,360 SF

10354 Wasco, Portland, OR 97220-3927 $690,000 Jul 2023 6,368 SF

8401 Halsey, Portland, OR 97220-5670 $2,278,395 Mar 2022 14,330 SF

1230 106th, Portland, OR 97220-3933 $1,815,000 Dec 2021 8,396 SF

10373 Hancock, Portland, OR 97220-3873 $4,800,000 Nov 2021 30,284 SF

11035 Sandy, Portland, OR 97220-2553 $1,000,000 Apr 2020 22,400 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

Value Estimation
$7,855,000

26,000 SF

1321 99th Ave

MEDICAL BUILDING

1321 99th Ave, Portland, OR 97220-9436

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Value Estimation
$6,750,000

21,140 SF

8337 Alderwood Rd

OFFICE (GENERAL)

8337 Alderwood Rd, Portland, OR 97220-6801

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Value Estimation
$3,550,000

17,774 SF

163 102nd Ave Bldg

OFFICE (GENERAL)

163 102nd Ave Bldg, Portland, OR 97220-4169

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Value Estimation
$6,450,000

15,405 SF

233 102nd Ave

MEDICAL BUILDING

233 102nd Ave, Portland, OR 97220-4106

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Value Estimation
$3,725,000

14,955 SF

12029 Ainsworth Cir

OFFICE (GENERAL)

12029 Ainsworth Cir, Portland, OR 97220-1026

View Details
Value Estimation
$8,450,000

42,000 SF

5933 Win Sivers Dr

OFFICE (GENERAL)

5933 Win Sivers Dr, Portland, OR 97220-9056

View Details

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