Entity Owned Property summary
A three-story motel building constructed in 1960 containing 79 rooms, including 76 guestrooms and 3 rooms used for offices and storage. The property occupies approximately three-quarters of a block in Portland’s Central Eastside Industrial District (CEID) and is located less than one mile from Portland’s Central Business District. The building has a history of renovations, including complete bathroom renovations and refinishing for 42 rooms between 2017 and 2019, and FF&E updates for 66 rooms in 2016. Its setting provides high walkability (Walk Score 96) and strong transit access (Transit Score 75), with proximity to major transportation corridors Interstate 84 and Interstate 5.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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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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