Property profile

845 Columbia Blvd Portland, OR 97211

OFF-MARKET
Industrial properties
Property ID
US71-0880762
35,825 SF 1.14 ac lot Built 1964
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional multi-tenant warehouse at 845 NE Columbia Blvd, Portland, Oregon, presents a unique investment opportunity. Boasting 37,463 square feet on a 1.54-acre lot in Multnomah County (zip code 97211), this property offers a compelling 8.40% cap rate at an asking price of $6,750,000. The property benefits from significant capital upgrades and features a diverse tenant base, including cannabis cultivators, extractors, a dispensary, and traditional food businesses. Its Heavy Industrial zoning allows for a wide range of uses. Strategically located near the I-5 freeway, this property enjoys excellent access to major transportation arteries, enhancing its appeal to both current and future tenants. The property's strong tenant mix and high cap rate make it an attractive investment for those seeking a stable and potentially high-growth asset in a thriving Portland market. This is a rare chance to acquire a well-maintained, multi-tenant industrial property with a proven track record and significant upside potential. The property's location in Northeast Portland provides easy access to major transportation routes and a diverse workforce.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Total area 35,825 SF
Lot 1.14 ac (49,615 SF)
Zoning code IHH
APN 1N1E11CD 03200
UPID US71-0880762

Cap rate & NOI

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

Location

845 Columbia Blvd Portland, OR 97211-1428
Portland metro Census 7202 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
$3.46M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.43M

Owner & transaction history

since 2022
Last sale
$6.2M
7 recorded transactions
2022
$6.2M
2016
$3.3M
2016
Price N/A
2011
$1.1M
2011
Price N/A
2010
Price N/A
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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