Property profile

8940 Reedway St Portland, OR 97266

OFF-MARKET
Apartment buildings
Property ID
US71-0801654
27,378 SF 0.54 ac lot Built 2004
Entity Owned 10-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2004
Total area 27,378 SF
Lot 0.54 ac (23,438 SF)
Zoning code EXD
APN 1S2E16CA 07900
UPID US71-0801654

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Building
  • Apartment Building
  • Catering Service Take-out & Catering

Location

8940 Reedway St Portland, OR 97266-4652
Portland metro Census 601 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.28M
Blend (final) Blend
$7.28M

Owner & transaction history

since 2016
6 recorded transactions
2016
$528,263
2003
Price N/A
1998
$118,000
1995
$30,000
1995
$88,200
1969
Price N/A

Zoning & alternative use

EXD · Portland, OR
Top alternative use upside
Restaurant $9.4M +28.8%
Medical building $8.3M +13.6%
Retail stores $8.2M +12.9%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8940 Reedway St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message