845 Columbia Blvd, Portland, OR 97211-1428
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IHH · Portland, ORPortland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.