Pearl West
Price
Price on request
Market rate estimate — not broker-provided
Cost-of-Business Details
Low ConfidenceBased on 3 comparable office sale listings in the area.
| Component | Value | Detail | Source |
|---|---|---|---|
| Base Rent | $26.00/SF | — | direct_comps |
| Utilities | — | 10.1¢/kWh | OpenEI URDB |
| Property Tax | — | 0.0% eff. rate | API Ninjas |
| Labor Index | — | $1507/wk | BLS QCEW |
Source Provenance (1)
| Source | Type | Count | Year | Freshness | Peer |
|---|---|---|---|---|---|
| OpenSearch Listings | comparable_listings | 3 | — | real-time | — |
Description
FANTASTIC CENTRALIZED LOCATION on western edge of Pearl District within short walking distance to mass transit, numerous restaurants, retail and hotels. Lobby with high level finishes that spills out onto lushly landscaped courtyard at main entrance to building. Large windows which offer dramatic views of the West Hills and downtown
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Location
1455 nw irving st portland, or, 97209, portland, OR 97209
Market Context
As of Q1 2026, the Portland office market showed a 27.1% vacancy rate, and average asking rents near $32.00/SF/yr. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Portland office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat).
Above-average vacancy gives buyers leverage and a wide set of comparables.
Compare it against other office listings for sale in Portland, OR to benchmark pricing and space — view the full market.
Office market FAQ
- Is the Portland office market tightening or softening?
- Vacancy is around 27.1% (Q1 2026).
Unified Estimate
Medium ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
Sale Price History
Market report quarterly trend fallback
- Avg Rent ($/SF/yr) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: office in portland, OR
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