911-915 Davis StPortland, OR 97232

Property Details for 911-915 Davis St

Year built

1947

Lot size

0.38 AC

Property size (Sq ft)

18,158 SF

Zone code

IG1

Property type

Office properties

APN

1N1E35CA 02000

APU

1N1E35CA02000

Description

This exceptional Portland office building, located at 911-915 NE Davis St, offers 8,878 square feet of versatile space in two separate suites. Built in 1947, this two-story building features a traditional office layout, perfect for a variety of businesses. The property is zoned IG1 and is currently offered for sale by owner under a NNN lease type. Each suite boasts private offices and conference rooms, complemented by large windows that flood the space with natural light. Independent access is available to both suites, offering flexibility and privacy. An internal staircase allows for seamless combination of the suites if desired. Further enhancing convenience, each suite includes its own private restrooms. The building's prime location provides convenient access to major highways and public transportation, while abundant street parking is readily available for employees and visitors. The area's extensive public transit system ensures easy accessibility for all. This is a unique opportunity to acquire a well-maintained, historically significant office building in a thriving Portland neighborhood. The property presents a strong investment opportunity due to its location and functional design.

• CAP approach

  CAP return

  Valuation

  6%

  $4,987,276

  6.5%

  $4,603,640

  7%

  $4,274,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,496,868

  Geo Method

  $3,496,868

• Alternative Use

  Use

  Valuation

  Residential

  $5,708,513

  Hospitality

  $5,228,968

  Educational

  $4,350,440

  Medical

  $4,500,058

  Retail

  $6,767,350

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5245

Longitude

-122.656

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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