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1832 N Lombard St 1,836 SF Office Building Portland, OR 97217 $845,000 ($460.24/SF) 5.66% Cap Rate
Investment Highlights
- Off street parking on busy North Portland thoroughfare with high visibility
- Well suited for medical, chiropractic, veterinary, or wellness clinics with 4 treatment rooms & 400 SF detached space
- Recent HVAC (electric heat pump), water main, and roof replacements
- Ideally suited for dental practice, has been owner occupied as dental practice
- Recently remodeled lobby/front desk, laboratory, and imaging room, LVT flooring installed in most rooms in last 5-7 years
- Recent landscaping, sidewalk and parking lot repairs
Executive Summary
- Is plumbed for and ideally suited for dental practice, has been owner occupied as dental practice
- Also well suited for medical, chiropractic, veterinary, or wellness clinics with 4 treatment rooms & 400 SF detached space
- Total rentable area including detached 400 SF space is 1836 SF per appraisal.
- Also well suited for medical, chiropractic, veterinary, or wellness clinics with 4 treatment rooms & 400 SF detached space
- Total rentable area including detached 400 SF space is 1836 SF per appraisal.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,836 SF
Building Class
C
Year Built/Renovated
1925/2023
Price
$845,000
Price Per SF
$460.24
Cap Rate
5.66%
NOI
$47,850
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,836 SF
Building FAR
0.38
Lot Size
0.11 AC
Zoning
CG - Commercial Mixed Use 2 with Design and Centers Main Street overlays
Parking
7 Spaces (3.81 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Courtyard
- Storage Space
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Keith E Watson DDS PC
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Keith E Watson DDS PC | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R313456 | Total Assessment | $202,720 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
R313456
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$202,720 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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Videos
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Photos
Street View
Street
Map
Presented by
Flying Squirrel, LLC
1832 N Lombard St
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