8401 Halsey StPortland, OR 97220

Property Details for 8401 Halsey St

Year built

1979

Lot size

0.54 AC

Property size (Sq ft)

14,330 SF

Zone code

CG

Property type

Office properties

Property subtype

Other office properties

APN

1N2E28CC 03700

APU

1N2E28CC03700

Description

The Halsey Building, located at 8401 NE Halsey St, Portland, OR 97220, offers 12,037 square feet of versatile office space. This two-story, Class C building, constructed in 1978 and renovated in 2007, features 14 suites ranging from 570 to 1,972 square feet, suitable for traditional, executive, medical, or creative office uses. The property sits on a 23,958 square foot lot and includes 42 parking spaces. Conveniently located in the Mall 205 submarket of Multnomah County, the building enjoys a corner location near several Tri-Met bus stops, providing easy access to public transportation. The surrounding Gateway neighborhood offers a variety of restaurants and retail options. The building is zoned commercial (APN: 1N2E28CC) and has undergone recent upgrades. Multiple tenancy is available. No elevators are present. This property presents a compelling opportunity for businesses seeking well-maintained office space in a vibrant Portland location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,935,878

  6.5%

  $3,633,118

  7%

  $3,373,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,759,672

  Geo Method

  $2,759,672

• Alternative Use

  Use

  Valuation

  Residential

  $4,505,066

  Hospitality

  $4,126,616

  Educational

  $3,433,296

  Medical

  $3,551,373

  Retail

  $5,340,684

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.534

Longitude

-122.576

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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