7201 Interstate AvePortland, OR 97217

Property Details for 7201 Interstate Ave

Year built

1976

Lot size

0.97 AC

Property size (Sq ft)

48,420 SF

Zone code

CG

Property type

Medical offices

Property subtype

Medical centers

APN

1N1E16AA 00300

APU

1N1E16AA00300

Description

This exceptional 48,420 square foot, two-story Class B office building presents a unique owner-user investment opportunity in Portland, Oregon. Located at 7201 N Interstate Ave, in Multnomah County, zip code 97217, this single-tenant property sits on a 0.97-acre lot and was built in 1976. The building's low-rise design and ample surface parking offer significant cost advantages compared to high-rises, making it easy to adapt to evolving business needs. Its convenient location provides easy access to I-5, Portland International Airport, and a MAX light rail stop, serving a population of approximately 312,609 within a 5-mile radius. The property benefits from its location in a thriving area attracting major technology companies, contributing to a strong and diverse talent pool. This presents an attractive opportunity to secure long-term cost savings by eliminating rent payments, while simultaneously building after-tax equity. The asking price for this exceptional investment is $10,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $13,299,037

  6.5%

  $12,276,034

  7%

  $11,399,175

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,324,724

  Geo Method

  $9,324,724

• Alternative Use

  Use

  Valuation

  Residential

  $15,222,283

  Hospitality

  $13,943,529

  Educational

  $11,600,852

  Medical

  $11,999,824

  Retail

  $18,045,770

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5759

Longitude

-122.683

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

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