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850 N Graham St 3,600 SF Industrial Building Portland, OR 97227 $650,000 ($180.56/SF)

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INVESTMENT HIGHLIGHTS

  • Priced well below replacement cost at $181/SF vs. ~$350/SF to build new in Portland.
  • Dense, affluent urban demographics: 200,000+ residents within 3 miles earning $135K+ on average.
  • Functional warehouse layout with 13' clear height, 1 grade-level door, and 840 SF of office.
  • Exceptional freeway access at the intersection of I-5 and I-405 (combined 236,000 VPD).
  • Three blocks from 554-bed Legacy Emmanuel Medical Center.
  • Flexible interior setup supports a wide range of uses, including cannabis cultivation.

EXECUTIVE SUMMARY

Offered at just $181 per square foot - nearly 50% below Portland's industrial replacement cost - this well-located warehouse presents a compelling sub-$1M owner-user opportunity. Strategically positioned near the interchange of I-5 and I-405 with visibility to over 230,000 vehicles per day, the property benefits from unmatched accessibility in a dense, affluent trade area. Over 1,800 multifamily units have been delivered or are in the pipeline since 2022.
The concrete-and-metal warehouse includes flexible interior buildout and zoning that supports a wide variety of uses, including cannabis, while the secure gated parking and high land-to-building ratio add to its functional appeal. Just three blocks from Legacy Emmanuel Medical Center and surrounded by retail amenities, the asset is poised to benefit from continued urban growth and rising demand for versatile industrial space.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $650,000
Price Per SF $180.56
Sale Type Owner User
Sale Condition High Vacancy Property
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.26 AC
Rentable Building Area 3,600 SF
No. Stories 1
Year Built 1948
Tenancy Single
No. Drive In / Grade-Level Doors 2
Zoning IG1 - General Industrial 1

AMENITIES

  • Bus Line
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R250539
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$267,930
  • Listing ID: 37771621

  • Date on Market: 9/22/2025

  • Last Updated:

  • Address: 850 N Graham St, Portland, OR 97227

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