Entity Owned Property summary
The property is a 3,600-square-foot functional warehouse with a light-industrial configuration that includes 13-foot clear height, one grade-level door, and approximately 840 square feet of office space. It is situated near the intersection of I-5 and I-405, providing access to major freeway routes, and lies about three blocks from Legacy Emmanuel Medical Center. The site is characterized by a 3.1:1 land-to-building ratio and includes secure, gated off-street parking. Construction features a reinforced slab with concrete and metal exterior components, and perimeter security gates are present. The interior layout is adaptable for a range of industrial uses, with zoning allowing manufacturing, warehousing, processing, and assembly, and the configuration can support uses such as cannabis cultivation. Parking and security features are complemented by nearby retail and employment amenities, and the surrounding area includes substantial multifamily development in the near vicinity since 2022.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IG1 · Portland, ORThe General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IG1 in Portland, OR.
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