18210 Burnside StPortland, OR 97233

Property Details for 18210 Burnside St

Year built

1974

Lot size

0.40 AC

Property size (Sq ft)

7,200 SF

Zone code

TD

Property type

Office properties

APN

1N3E32CC 03000

APU

1N3E32CC03000

Description

This exceptional 7,200 square foot executive office building presents a unique owner/user or investment opportunity in Portland's desirable Rockwood Town Center area. Situated on a spacious 17,622 square foot lot, this two-story building features four suites on each floor, each with its own restroom. Three suites are currently vacant, while the remaining tenants are on month-to-month agreements, offering flexibility for the new owner. The property boasts 25 off-street parking spaces and a prominent monument sign facing E Burnside Street. Conveniently located along the MAX Light Rail line, a one-minute walk from the E 181st Avenue stop, this property enjoys a Walk Score of 84 (Very Walkable), a Transit Score of 54 (Good Transit), and a Bike Score of 78 (Very Bikeable). All HVAC units are scheduled for replacement in September, ensuring efficient and modern climate control. The property is zoned for Rockwood Town Center (RTC), offering diverse development potential. This is a rare opportunity to acquire a well-located, versatile office building in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,977,552

  6.5%

  $1,825,433

  7%

  $1,695,045

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,386,576

  Geo Method

  $1,386,576

• Alternative Use

  Use

  Valuation

  Residential

  $2,263,536

  Hospitality

  $2,073,387

  Educational

  $1,725,034

  Medical

  $1,784,360

  Retail

  $2,683,386

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5215

Longitude

-122.476

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].