11 Gibbs StPortland, OR 97239

Property Details for 11 Gibbs St

Year built

1952

Lot size

0.14 AC

Property size (Sq ft)

4,016 SF

Zone code

R1D

Property type

Office properties

APN

1S1E10BC 05101

APU

1S1E10BC05101

Description

This exceptional Portland office building presents a unique investment opportunity at $1,275,000. Spanning 4,016 square feet, this property is ideally suited for owner-users seeking a blend of functionality and charm. Located at 11 SW Gibbs St, in Multnomah County, Oregon (zip code 97239), this versatile space offers a mix of private offices and open work areas, catering to diverse business needs. The building's design incorporates a private patio and courtyard, providing a tranquil outdoor space for employees or clients. The property's classification includes Creative, Executive, and Traditional Office spaces, making it adaptable to a wide range of businesses. The asking price per square foot is $317.48. Convenient off-street parking is a significant advantage, adding to the property's overall appeal. Its central location provides easy access to downtown Portland, the South Waterfront district, and Oregon Health & Science University (OHSU), ensuring excellent connectivity and visibility. This is a rare opportunity to acquire a well-situated, versatile office building in a thriving Portland neighborhood. The property is categorized as both Office and Retail, offering flexibility for various business models.

• CAP approach

  CAP return

  Valuation

  6%

  $1,031,813

  6.5%

  $952,443

  7%

  $884,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,179

  Geo Method

  $773,401

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,181,029

  Hospitality / Lodging

  $1,081,816

  Institutional / Educational

  $900,059

  Healthcare / Senior Housing

  $931,013

  Retail / Commercial

  $1,400,091

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4996

Longitude

-122.678

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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