636 21St AvePortland, OR 97209

Property Details for 636 21St Ave

Year built

1925

Lot size

0.23 AC

Property size (Sq ft)

19,740 SF

Zone code

CS

Property type

Retail properties

Property subtype

Retail space

APN

1N1E33BD 05300

APU

1N1E33BD05300

Description

This exceptional 3,921 square foot commercial space, located at 636 NW 21st Ave in Portland, Oregon, 97209, presents a unique opportunity for businesses seeking a vibrant and convenient location. The property, classified as a Class B building, offers a flexible layout suitable for various uses, including traditional office, coworking, or medical office settings. The space is situated across from NW Irving St and is comprised of two floors: 2,395 square feet on the first floor and 1,526 square feet on the second floor. A significant advantage is the inclusion of 18 secure parking spaces, a rare commodity in this desirable area. The total building size is 19,740 square feet, with the available space ready for occupancy on March 1, 2025. The lease rate is $27.00 per square foot, plus NNN charges, with an additional $150 per month for each parking space. This property offers a blend of functionality and prime location, making it an ideal choice for businesses seeking a thriving Portland address. The building is a two-story structure. Please note that the current tenant should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $7,970,029

  6.5%

  $7,356,950

  7%

  $6,831,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,579,854

  Geo Method

  $9,579,854

• Alternative Use

  Use

  Valuation

  Residential

  $6,205,862

  Hospitality

  $5,684,536

  Educational

  $4,729,468

  Medical

  $4,892,122

  Retail

  $7,356,950

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5275

Longitude

-122.694

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

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