8416 Lombard St Portland, OR 97203-3729
Property profile & analytics
8416 Lombard St Portland, OR 97203-3729
- Retail space
- 3,000 SF
- 0.06 lot acres
Property ID
US71-0951275
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 8416 Lombard St
- Year built
- 1924
- Lot size
- 0.06 lot acres
- Property size
- 3,000 SF
- Zone code
- CS
- Property type
- Retail space
- APN
- 1N1W12AB 08600
- APU
- 1N1W12AB08600
Description
This exceptional Portland investment opportunity presents 8,000 square feet of commercial space across two buildings situated on a sizable 18,000 square foot lot. Located on N Lombard Street in the St. John's neighborhood, the property boasts a prime location with diverse zoning (CM2) allowing for a multitude of uses. Originally constructed in 1930 and extensively renovated in 2015, the buildings offer a blend of character and modern functionality. The property's versatility is highlighted by its suitability for a range of businesses, including daycare, restaurant, retail, office space, or a combination thereof. The substantial lot size also presents the potential for additional development, such as an outdoor beer garden or food cart pod. With two buildings, the property is ideal for owner-users seeking to occupy one space while generating income from the other, effectively offsetting debt service. The asking price is $1,800,000, translating to $225 per square foot. Parcel numbers are R232269, R232270, R232265, and R232266. This is a rare chance to acquire a flexible, high-potential commercial property in a thriving Portland neighborhood. The property's adaptability and location make it an attractive investment for both seasoned and emerging entrepreneurs.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $575,000
- AI Estimate
- $575,000
Market price range: $462k - $1.06MMarket price range: $462k - $1.06M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $750,000 Current use
- AUTO REPAIR, GARAGE
- $915,000 Change: +22% Conversion: Difficult
- MEDICAL BUILDING
- $905,000 Change: +21% Conversion: Difficult
- OFFICE BUILDING
- $865,000 Change: +15% Conversion: Easy
- COMMERCIAL (GENERAL)
- $865,000 Change: +15% Conversion: Easy
- WAREHOUSE, STORAGE
- $610,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.753
- Latitude
- 45.5895
- 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
$3,318
$0.00
$0.00
$125,210
-
$96,880
$631,550
$728,430
