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808 Alder St Portland, OR 97214-2213

OFF-MARKET Office Spaces Google Maps
28,000 SF 0.23 ac lot Built 1927
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$3.96M
Range $3.56M – $4.36M (±10%)
Property ID US71-0727993

Property summary

AI-generated overview

This exceptional three-story office building, located at 808 SE Alder St in Portland, Oregon's desirable Multnomah County (zip code 97214), offers a variety of flexible spaces ideal for creative or traditional office uses. Multiple suites are available, ranging in size from 1,233 square feet to 7,831 square feet, providing options to accommodate businesses of various scales. The building boasts impressive infrastructure, including a robust 225-amp 208v 3-Phase electrical service with individual meters for efficient energy management. Climate control is ensured by a dedicated outdoor air system (DOAS) providing 60 tons of cooling and heating capacity. Air quality is prioritized with a HEPA filtration system boasting an impressive 18,000 CFM capacity and MERV 13 filtration. The building is also equipped with rough-ins for make-up air and exhaust systems, catering to diverse operational needs. For added peace of mind, a 225-amp 208v natural gas backup generator is in place. Safety and environmental responsibility are addressed with a chemical acid neutralization tank in the lower level and polypropylene pipes for efficient chemical disposal. Finally, a Class A loading elevator with a 4000-pound capacity ensures seamless logistics for tenants. This property presents a unique opportunity to secure high-quality office space in a prime Portland location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1927
Total area 28,000 SF
Lot 0.23 ac (10,015 SF)
Zoning code EXD
APN 1S1E02BB 03900
UPID US71-0727993

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
  • Moving Company
  • Physician
  • Hotel & Motel
  • Counselor
  • Counselor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.68M
Blend (final) Blend
$3.96M

Owner & transaction history

since 2025
6 recorded transactions
2025
$6.0M
2019
Price N/A
2018
Price N/A
2017
$3.9M
2015
$1.4M
1998
Price N/A

Zoning & alternative use

EXD · Portland, OR
Top alternative use upside
Restaurant $9.6M +18.1%
Retail stores $9.0M +11.0%
Auto repair, garage $8.6M +5.3%

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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