13511 Division StPortland, OR 97236

Property Details for 13511 Division St

Year built

1972

Lot size

0.41 AC

Property size (Sq ft)

7,340 SF

Zone code

CN2

Property type

Retail space

APN

1S2E02DC 07200

APU

1S2E02DC07200

Description

This exceptional 7,868 square foot retail storefront, located at 13511 SE Division St, Portland, OR 97236, presents a compelling owner-user opportunity. Situated on a high-visibility corner lot (17,775 sq ft) at the intersection of two major thoroughfares, experiencing over 41,000 vehicles per day, this multi-tenant property boasts significant exposure. Built in 1972 and renovated in 2001, the building features 14 parking spaces and is currently 51% occupied with month-to-month tenants, offering flexibility for an owner-user to occupy all or a portion of the space. Recent improvements include exterior paint, parking lot upgrades, and a new fence. The asking price is $1,525,000 ($194/sq ft), well below replacement cost. This prime location offers convenient access to transportation routes, Portland's downtown area, the airport, and nearby amenities, including Marketplace 205. The strong submarket boasts average household incomes exceeding $106,000 within a 5-mile radius. The property's APN is R283977. This well-maintained building, owned by the same party for over 50 years, represents a rare opportunity to acquire a significant retail presence in a thriving East Portland commercial corridor. The property's long-term ownership reflects a commitment to quality and pride of ownership. Additions to the building were constructed in 2001 and 2015.

• CAP approach

  CAP return

  Valuation

  6%

  $2,375,790

  6.5%

  $2,193,030

  7%

  $2,036,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,470,080

  Geo Method

  $1,470,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,353,440

  Mixed-Use / Specialty

  $2,154,180

  Hospitality / Lodging

  $1,540,040

  Office

  $2,109,050

  Institutional / Educational

  $2,228,380

  Residential Income

  $2,607,210

  Multifamily

  $3,299,020

  Automotive / Energy

  $1,910,040

  Parking / Income-Based Land

  $689,798

  Restaurant / Food Service

  $1,054,160

  Healthcare / Senior Housing

  $2,240,900

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5044

Longitude

-122.524

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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