5600 122Nd AvePortland, OR 97230

Property Details for 5600 122Nd Ave

Year built

1980

Lot size

1.72 AC

Property size (Sq ft)

3,075 SF

Zone code

IG2X

Property type

Office properties

APN

1N2E14C 01000

APU

1N2E14C01000

Description

This exceptional 21,000-square-foot warehouse in Portland, Oregon, presents a compelling investment opportunity. Situated on a 1.72-acre lot at 5600 NE 122nd Ave, this property boasts a highly desirable location, just one block from Airport Way and a mile from I-205. Its proximity to the Portland International Airport (3.2 miles) provides unparalleled logistical advantages. The building, constructed in 1980, features a 100-foot clear span, 20-foot ceiling height, three dock-high doors, and one grade-level door. The warehouse space totals 18,000 square feet, complemented by 3,000 square feet of office/showroom space. The property includes a 74,923-square-foot fenced and paved yard, offering ample on-site parking. Three-phase power (1,000 amps) ensures operational efficiency. Nearby amenities include shopping, restaurants, and hotels, enhancing the property's appeal. The sale price is $4,500,000. This is a rare opportunity to acquire a well-located, functional warehouse in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $844,580

  6.5%

  $779,612

  7%

  $723,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $592,184

  Geo Method

  $592,184

• Alternative Use

  Use

  Valuation

  Residential

  $966,719

  Hospitality

  $885,509

  Educational

  $736,733

  Medical

  $762,071

  Retail

  $1,146,029

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5637

Longitude

-122.534

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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