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Property profile & analytics

8283 Barbur Blvd Portland, OR 97219

  • Medical offices
  • 2,484 SF
  • 0.10 lot acres
For Sale
Last Sale
Dec 04, 2023
$550,000
Value Estimations
Cap Rate Potential
6%
Medical offices
Location Intelligence
Property ID
US71-0031108
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Jared Dean - State Farm Insurance Agent / Home Insurance Agency / Life Insurance Agency
  • Sara Ohgushi / Midwife
  • Open River Acupuncture / Chinese Medicine / Massage Therapist
  • Roberto Masferrer, LAC / Acupuncture Clinic
  • Natural Traditions PC / Association Or Organization

Property Details for 8283 Barbur Blvd

Year built
1951
Lot size
0.10 lot acres
Property size
2,484 SF
Zone code
CG
Property type
Medical offices
Property subtype
Medical centers
APN
1S1E21CB 04100
APU
1S1E21CB04100

Description

This exceptional mixed-use property at 8283 SW Barbur Blvd, Portland, OR 97219, offers a unique owner-user opportunity. The 4,070 square foot building, constructed in 1951 and situated on a 4,768 square foot lot, boasts a recently renovated two-bedroom, one-bathroom apartment on the top floor. The apartment features a new kitchen, bathroom, flooring, and paint. The two levels of commercial space have undergone significant improvements, including updated restrooms, fresh paint, new lighting, HVAC systems, and a new fence. The first floor includes a medical build-out with multiple treatment rooms and access to a secure rear parking lot. The middle floor offers street-level commercial space. The building is currently 50% occupied and zoned CM2 (Commercial Mixed Use 2, City of Portland). The seller is open to leasing back a portion of the building. The property benefits from excellent signage visibility on Barbur Boulevard and convenient access to I-5 and Highway 99. Priced at $1,125,000, this is a compelling investment opportunity with significant upside potential. The gross lease structure provides straightforward income management.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $620,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $625,000
    6.5%
    $575,000
    7%
    $535,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $611,000
    Market price range: $356k - $1.04M
    AI Estimate
    $611,000
    Market price range: $356k - $1.04M
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $750,000
    Current use
    AUTO REPAIR, GARAGE
    $760,000
    Change: +1% Conversion: Difficult
    RETAIL STORES
    $745,000
    Change: -1% Conversion: Difficult
    OFFICE BUILDING
    $720,000
    Change: -4% Conversion: Easy
    COMMERCIAL (GENERAL)
    $715,000
    Change: -5% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Portland
County
Multnomah
State
Oregon
Longitude
-122.699
Latitude
45.4652
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,966
$0.00
$0.00
$300,900
-
$197,030
$436,910
$633,940
More about this property
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