13450 NW Springville

SPRINGVILLE DEVELOPMENT 2.64 ACRES READY TO DEVELOP MULTIPLE RESIDENTIAL UNITS

LEAD ADVISOR RICHARD RAMER Senior Advisor 503.218.4385 richard.ramer@cinw.com OR 201235528 | CA 02053543

JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com

OR 200705229 | WA 109251

LEGAL LEGAL DISCLAIMER DISCLAIMER

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property.

THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION.

Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.

5

THE SYNOPSIS

10

THE NUMBERS

13

THE DETAILS

6 8

11

15 16 17 18 19

ASSET SYNOPSIS SALE OFFERING

VALUATION SYNOPSIS

AERIAL MAP TRADE AREA PORTLAND MARKET AREA OVERVIEW DEMOGRAPHICS

THE SUBJECT PROPERTY IS LOCATED AT THE BORDER OF NORTH BETHANY GROWTH BOUNDARY EXPANSION

THE SYNOPSIS 1 3 41 35405 N 0 WN W S P SR PI NR G I NVGI LVLIEL LLEA LNAE N E|

|P OPROT R LA T LNADN, DO, RO R

$829,545 PER ACRE | 2.64 ACRES

$2.19M $829,545 Per Acre

6 13450 NW SPRINGVILLE LANE, PORTLAND,OR

SPRINGVILLE LANE DEVELOPMENT 13450 N W S PRIN GV ILLE LAN E, PORTLAND, OR Price Land Acres Zoning

$2.19M 114998.4 SF 2.64 R-6

ASSET SYNOPSIS

5-mile Population 203,640 5 yr Forecast (pop) Population Growth 5.154% 1-mile Household Income $218K 5 yr Forecast (HH income) $239K

PROPERTY PHOTOS

This parcel, spanning 2.64 acres, boasts a 3,200 sq. ft., two-story, single-family residential structure erected in 1983. Situated within Washington County and inside the Urban Growth Boundary, the area is zoned R-6. It is one of the last remaining farmlands in Portland that upholds its picturesque setting and tranquil ambiance. The unspoiled hilly acreage, part of an active 56-acre farm with native oak, cedar and fir trees that exude a pastoral feel with views of nearby farms and Forest Park, the property is in convenient proximity to downtown Portland. The property can retain the existing single-family home and be redeveloped into 26 to 32 single family or cottage homes.

The current single-family home is a concrete, earth sheltered structure, a testament to 1980’s sustainable architecture, featuring a green roof and occupying one corner of the site. Wrapped in a wood facade, a remodel that exposed and utilized the solidly built concrete shell, is an opportunity for an extraordinary modern homesite with adjacent developable land. Under the new Oregon ‘middle housing’ laws the value of the developable area of the site for future residential development has doubled the potential density and increased total land value.

An adjacent 9.8 acres of the total site is currently under contract for a single family home development project. Property developers are encouraged to consider the potential value of this property for both the existing structure and developable land.

R-6 Zoning allows for the following uses: Single Family: 16 units Townhomes: 64 units Cottage Homes: no maximum

8 13450 NW SPRINGVILLE LANE, PORTLAND,OR

SALE OFFERING

HOME VALUES IN THIS AREA OF BETHANY AVERAGE $814.2K + 5 YR FORECASTED INCREASE TO $903.6K

THE NUMBERS 13450 NW SPRINGVILLE LANE

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VALUATION

PORTLAND, OR

VALUATION SYNOPSIS

Property Name SPRINGVILLE LANE DEVELOPMENT Current Market Value $2.19M Price Per Acre -Land Value $829,545

S ALE OFFE R ING: 1 3450 N W SP R INGVIL L E L A N E , POR T LAN D, OR ACR ES: 2.64 PR ICE: $ 2.19 M PAR CEL (S): 1 DESCR IPTION:

L AN D S F: 1 1 4998.4 LAN D P S F: $829,5 45 ON M ARKET DE V EL OP M ENT

$2.19M $829,545 Per Acre Land

13450 NW SPRINGVILLE LANE, PORTLAND,OR

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2.64 ACRES READY TO DEVELOP UP TO UP TO 16 SINGLE FAMILY

HOMES PLUS AN ADU ON EACH LOT OR 60 MULTI FAMILY UNITS OR

COTTAGE HOMES IN ONE OF BETHANY'S HIGHEST INCOME SECTORS

THE THEDETAILS DETAILS 1 3 41 35405 N 0 WN W S P SR PI NR G I NVGI LVLIEL LLEA LNAE N E|

|P OPROT R LA T LNADN, DO, RO R

114998.4 SF LOT | 2.64 AC

13450 NW SPRINGVILLE LANE

NW 135TH PLACE

FOREST PARK

SAINT JOHN'S

13450 NW SPRINGVILLE LANE

BETHANY

DOWNTOWN PORTLAND

CEDAR MILL HILLSBORO 26

N AERIAL MAP

13450 NW SPRINGVILLE LANE, PORTLAND,OR

15

TRADE TRADE AREAAREA

5 MILE RADIUS 5 YR PROJECTED POPULATION GROWTH:

3.98%

TRADE AREA: 78.5 SQUARE MILES

221,955

HOUSEHOLDS

13450 NW SPRINGVILLE LANE

604,560

WORKDAY POPULATION

$123.6K

HH INCOME

3 MILE RADIUS 5 YR PROJECTED POPULATION GROWTH:

3.944%

TRADE AREA: 28.3 SQUARE MILES

111,661

HOUSEHOLDS

342,065

WORKDAY POPULATION

1 MILE RADIUS 5 YR PROJECTED POPULATION GROWTH:

$125.8K

HH INCOME

4.474%

TRADE AREA: 3.1 SQUARE MILES

17,500

HOUSEHOLDS

16 13450 NW SPRINGVILLE LANE, PORTLAND,OR

35,515

WORKDAY POPULATION

$131.6K

HH INCOME

Trade Area Demographic Data + Growth Projections: © AlphaMap.com 2023

PORTLAND MARKET

PORTLAND MARKET EDUCATION SCHOOL

STUDENTS

STAFF

YEAR

Portland State University

22,014

1,700

2022

Oregon Health & Science University

3,035

12,600

2022

University Of Portland

3,731

1,000

2022

Lewis + Clark College

3,513

750

2022

University of Western States

1,000

242

2022

Reed College

886

164

2022

Multnomah University

336

100

2022

PORTLAND MARKET EMPLOYERS COMPANY

EMPLOYEES

HQ

CITY

Intel

22,000

NO

HILLSBORO

Providence Health & Services

21,000

YES

PORTLAND

Oregon Health & Science University

12,600

YES

PORTLAND

Nike

13,964

YES

BEAVERTON

Legacy Health

13,120

YES

PORTLAND

Kaiser Permanente

11,163

NO

PORTLAND

Fred Meyer Stores

9,525

YES

PORTLAND

College Data: © Google.com 2023

+

© Niche.com 2023

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Employer Data: © Google.com 2023

13450 NW SPRINGVILLE LANE, PORTLAND,OR

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AREA OVERVIEW

ABOUT BETHANY, OR Situated in Washington County, Portland's Bethany neighborhood is an unincorporated community with approximately 28,047 residents and a remarkable 5.83% annual population growth. Merely 4 miles northeast of Cedar Mill and a convenient 25-minute drive from downtown Portland, its prime location is nestled between Oak Hills and Rock Creek, just north of the Sunset Highway. Furthermore, it is a mere eighteen minutes away from the Portland Hillsboro Airport.

This thriving community offers an array of condominiums and apartment buildings, while predominantly featuring smaller residential communities consisting of around 100 homes each, with prices starting from $230,000. Additionally, more expansive estates boasting larger homes are available, with prices extending upwards of $500,000. The strategic location and diverse real estate offerings make Bethany an ideal destination for families, retirees, business professionals, and regular downtown Portland commuters, presenting an excellent opportunity for property developers to invest and capitalize on.

North Bethany Boundary Expansion

Bethany Village

Bethany Lake Park

Image: .taylormorrisonblog

Image: traveloregon.com

Image: THPRD

DEMOGRAPHICS

13 24 0

(CAR DEPENDANT) (SOMEWHAT B IKEAB LE) ( NO TRANSIT)

AI R POR T: 4 5 M I N D RIVE TO PDX POR TL AN D INTERNATIONAL AIRPORT AI R POR T: 1 8 M I N D RIVE TO HIO P OR TL AN D-HILLSB OR O REGI ONAL AIRPORT

13450 NW SPRINGVILLE LANE

3 M ILES

5 M ILES

TOTAL POPULATION

1 0, 4 68

7 7,041

203,640

HOUSEHOLDS

3, 1 03

28 ,496

8 0,938

$21 8K

$166.1K

$136.7 K

$4 4 3.8M

$3 .1 B

$7 .3B

HH INCOME

CONSUMER SPENDING

4.22 M

WAS H INGTON COU NTY

5 95 , 761

MSA

P O R T LAN D MSA

2.47M

CITY

BE TH ANY

28, 047

COUNTY

Demographic, Traffic, Consumer Data: © AlphaMap.com 2022

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Population Data: © DataUSA.io 2022

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© Niche.com 2022

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Transportation Ratings: © WalkScore.co m 2022

POPU LATION

OR E GON

STATE

DEMOGRAPHICS

1 MILE

T RAN SPO RTATIO N

WAL KS CORE: BI KES CORE: TR ANS I TSCORE:

LEAD ADVISOR RICHARD RAMER Senior Advisor 503.218.4385 richard.ramer@cinw.com OR 201235528 | CA 02053543

JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com

OR 200705229 | WA 109251