521 11Th AvePortland, OR 97205

Property Details for 521 11Th Ave

Year built

1909

Lot size

0.11 AC

Property size (Sq ft)

18,152 SF

Zone code

RXD

Property type

Office properties

APN

1N1E33DD 02300

APU

1N1E33DD02300

Description

The Carlyle Building, a beautifully renovated 1909 landmark at 521 SW 11th Ave, Portland, OR 97205, offers 18,000 square feet of prime creative office space in the heart of the CBD. This four-story Class B building boasts a newly renovated lobby, roof, and complete seismic upgrades exceeding $100,000. The third floor features fully updated suites with new carpet, paint, hardware, kitchen/breakroom, and restrooms. The fourth floor, a shell space with exposed brick, beams, and ducting, offers 4,500 square feet of customizable space perfect for an open office concept or a build-out with private offices and huddle areas. Units range from 130 to 4,500 square feet, with a minimum divisible space of 2,250 square feet. The building includes one passenger elevator and is situated on a 5,000 square foot lot (0.11 acres). Enjoy high visibility, convenient access to public transportation (two blocks from a MAX station, on the streetcar line), and proximity to amenities like the Ritz-Carlton (one block away). Secure parking is available in an adjacent garage and across the street. A 2,000 square foot basement space is also available, ideal for various uses. Current tenants include Phillips & Co. and Ania Bridal Collection. The building is zoned CX.

• CAP approach

  CAP return

  Valuation

  6%

  $5,650,380

  6.5%

  $5,215,730

  7%

  $4,843,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,495,710

  Geo Method

  $3,495,710

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,766,200

  Retail / Commercial

  $5,423,430

  Mixed-Use / Specialty

  $5,327,330

  Hospitality / Lodging

  $3,808,560

  Institutional / Educational

  $5,510,850

  Residential Income

  $6,447,690

  Multifamily

  $8,158,550

  Automotive / Energy

  $4,723,580

  Parking / Income-Based Land

  $1,705,890

  Restaurant / Food Service

  $2,606,970

  Healthcare / Senior Housing

  $5,541,800

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5213

Longitude

-122.683

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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