5262 Lombard StPortland, OR 97203

Property Details for 5262 Lombard St

Year built

1908

Lot size

0.33 AC

Property size (Sq ft)

5,793 SF

Zone code

CS

Property type

Office properties

APN

1N1E07DA 07001

APU

1N1E07DA07001

Description

This exceptional investment opportunity presents a fully leased, two-tenant retail storefront in Portland, Oregon. The 5,091 square foot building, constructed in 1908 and renovated in 2019, sits on a 0.33-acre lot and boasts a prime location at 5262 N Lombard St, in the University Park neighborhood (zip code 97203). Anchored by T-Mobile and OnPoint Community Credit Union, the property benefits from strong, investment-grade tenants with several years remaining on their absolute NNN leases. The property features ample on-site parking (23+ spaces), excellent visibility along N Lombard Street (8,849+ vehicles per day), and convenient access to major highways (Hwy 405 and Hwy 30). Its location offers a desirable blend of urban convenience and suburban feel, close to St. John's Bridge, Fremont Bridge, and the University of Portland. The property is zoned CS and offers a land value of $204 per square foot. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Portland neighborhood. The asking price is $2,550,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,591,105

  6.5%

  $1,468,713

  7%

  $1,363,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,115,616

  Geo Method

  $1,115,616

• Alternative Use

  Use

  Valuation

  Residential

  $1,821,204

  Hospitality

  $1,668,213

  Educational

  $1,387,934

  Medical

  $1,435,667

  Retail

  $2,159,008

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5819

Longitude

-122.723

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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