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    Property profile & analytics
    OFF-MARKET Estimated value $5,310,000
    Industrial properties

    845 Columbia Blvd, Portland, OR 97211-1428

    35,825 SF 1.14 ac lot Built 1964
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US71-0880762
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.46M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.31M
    Owner & transaction history
    Allen Properties LLC · 3 yrs held
    Allen Properties LLC
    since 2022
    Last sale
    $6.2M
    7 recorded transactions
    2022
    $6.2M
    2016
    $3.3M
    2016
    2011
    $1.1M
    2011
    2010
    1969
    Zoning & alternative use
    IHH · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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