Property profile

8316 Albina Ave Portland, OR 97217

OFF-MARKET
Warehouses
Property ID
US71-0849437
20,111 SF 0.52 ac lot Built 1965
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 20,111-square-foot warehouse in Portland, Oregon, presents a unique investment opportunity. Built in 1965 and extensively renovated in 2017, this two-story building boasts 7 loading docks, heavy power, and a new HVAC system. Situated on a 0.52-acre lot, the property features approximately 15,500 square feet of ground floor space and 4,611 square feet of upstairs storage/office area. The permitted zoning is IG1 - Industrial, City of Portland. Its strategic location offers excellent freeway access via I-5, proximity to the Portland Airport and downtown Portland, and over 100 feet of frontage on Columbia Blvd. Recent upgrades include a new roof, electrical upgrades, ADA-compliant restrooms, a new sprinkler system, and demising walls. Previously used as an OLCC-licensed cannabis production facility, the building's adaptable design is ideal for manufacturing, production, or last-mile logistics. All metal panels installed over windows for security are removable, revealing glass windows and loading doors. This is a rare opportunity to acquire a well-maintained, highly functional industrial building in a desirable Northeast Portland location, priced competitively for a quick sale. The property benefits from both suburban industrial advantages and the convenience of close proximity to major transportation arteries and downtown Portland.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1965
Total area 20,111 SF
Lot 0.52 ac (22,575 SF)
Zoning code IHH
APN 1N1E10CA 02000
UPID US71-0849437

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8316 Albina Ave Portland, OR 97217-1163
Portland metro Census 3701 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.73M
Blend (final) Blend
$1.42M

Owner & transaction history

since 2024
Last sale
$1.8M
5 recorded transactions
2024
$1.8M
2020
Price N/A
2017
$1.5M
2013
$650,000
1969
Price N/A

Zoning & alternative use

IHH · Portland, OR

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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