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8283 SW Barbur Blvd, Portland, OR 97219
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1951
Total area
2,484 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CG
APN
1S1E21CB 04100
UPID
US71-0031108
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
-
Insurance Agency
-
Midwife
-
Medical Clinic Alternative Medicine Practice
-
Medical Clinic Alternative Medicine Practice
-
Association Or Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$620k
Owner & transaction history
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
CG · Portland, OR
Top alternative use upside
Auto repair, garage
$760,000
+1.1%
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.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$620k
Value range
$558k – $682k
±10% around blend
Estimated value / SF
$250 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$558k
blend $620k
$682k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,484 SF
Lot area
0.1 ac
Year built
1951
Stories
2
APN
1S1E21CB 04100
Zoning
CG
Assessed value
$300,900
Annual tax
$7,966
3
Income approach: direct capitalization
Partial preview
Income approach indication
$575k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$625k
@ 6.5% CAP return
$575k
@ 7% CAP return
$535k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,966
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$611k
Range $356k – $1.04M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$620k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 59 sales
$302
-17%
County 53 sales
$302
-17%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $250/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+1%
vs current-use indication
Medical Building · current use
Retail Stores
Office Building
Commercial (general)
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
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.00%
Selected cap rate for this medical office space
Derived from the Portland market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.00%
9.0%
NOI (est.)
$61k *
Last sale · Dec 2023
$550k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.02M
Move the market yield to see immediate price impact.
Value / SF
$411
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
5.50%6.00%6.50%
$55k
$1.00M
$920k
$849k
$61k
$1.11M
$1.02M
$943k
$67k
$1.23M
$1.12M
$1.04M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,966
Tax year 2023
Assessed value
$300,900
Assessed 2023
Previous assessed
$292,140
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$197,030
Improvement market value
$436,910
Total market value
$633,940
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1951
Heating
NONE
Stories
2
Total area
2,484 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CG
APN
1S1E21CB 04100
UPID
US71-0031108
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, ORZoning CG · permitted uses
CG · 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
1951
Heating
NONE
Stories
2
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CG
Jurisdiction
Portland, OR
Recorded code
CG
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CG 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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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