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    For Sale (29)

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    Portland Heights Land with Views
    $365,000
    0.17 Acres

    Portland Heights Land with Views

    Rare lot with city and mountain views in Portland Heights.

    2515 SW Hillcrest Dr, Portland, OR 97201
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    Seaside, OR - Coastal Homesite
    $149,900
    0.17 Acres

    Seaside, OR - Coastal Homesite

    Generous lot in desirable Blue Heron Pointe, minutes from beach.

    26 Seabright Way, Seaside, OR 97138
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    Land in Gated Community
    $529,000
    0.25 Acres

    Land in Gated Community

    Residential land in Gearhart's gated community with amenities.

    58 High Rdg Rd, Gearhart, OR 97138
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    Creekfront Land in Gearhart, Oregon
    $295,000
    1.14 Acres

    Creekfront Land in Gearhart, Oregon

    Serene 1.14-acre creekfront property with trees and meadowlands.

    723 5Th Ave, Gearhart, OR 97138
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    Portland Land for Multifamily Development
    $320,000
    0.52 Acres

    Portland Land for Multifamily Development

    Well-located Portland lot suitable for multifamily development.

    NE 162Nd Ave, Portland, OR 97230
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    Residential Land in Forest Heights
    $285,000
    0.33 Acres

    Residential Land in Forest Heights

    Residential land with valley views in established Forest Heights.

    9948 NW Upton Ct, Portland, OR 97229
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    Land Parcel with Forest Park Views
    $445,000
    4.87 Acres

    Land Parcel with Forest Park Views

    Rare 4.87-acre land parcel with mountain and forest views.

    NW Ramsey Crest Dr, Portland, OR 97229
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    Renovated Victorian with ADU
    $1,175,000
    3,813 SF

    Renovated Victorian with ADU

    Victorian home with ADU and finished lower apartment.

    1912 NE 11Th Ave, Portland, OR 97212
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    Lake Oswego Corner Lot
    $650,000
    0.24 Acres

    Lake Oswego Corner Lot

    Rare 0.24-acre corner lot in Lake Oswego's Uplands neighborhood.

    2217 Prestwick Rd, Lake Oswego, OR 97034
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    Portland Multifamily Property Near Wallace Park
    $1,295,000
    1,296 SF

    Portland Multifamily Property Near Wallace Park

    Charming multifamily property with excellent tenants and low utility costs.

    2475 NW Raleigh St, Portland, OR 97210
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    New Portland Multifamily with ADU
    $879,950

    New Portland Multifamily with ADU

    New construction multifamily property with ADU in Portland, Oregon.

    2458 SE Cora St, Portland, OR 97202
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    Ocean-View Lot in Gated Community
    $460,000
    0.23 Acres

    Ocean-View Lot in Gated Community

    Ocean-view lot in desirable Gearhart gated community with amenities.

    59 High Rdg Rd, Gearhart, OR 97138
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    Waterfront Land on Smith Lake
    $325,000
    1.68 Acres

    Waterfront Land on Smith Lake

    1.68 acres of undeveloped waterfront property on Smith Lake.

    Vl Whiskey Ln, Warrenton, OR 97146
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    Nehalem Riverfront Land Opportunity
    $420,000
    10.00 Acres

    Nehalem Riverfront Land Opportunity

    10 acres on Nehalem River, subdividable, potential for farm.

    Highway 103, Seaside, OR 97138
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    Seaside Multifamily Investment Opportunity
    $2,899,000
    0.14 Acres

    Seaside Multifamily Investment Opportunity

    Eight-unit multifamily property with condo conversion potential in Seaside, Oregon.

    720 Avenue G, Seaside, OR 97138
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    Charming Multifamily Home in Portland
    $875,000
    3,000 SF

    Charming Multifamily Home in Portland

    Lovingly cared for 1910 home in Sunnyside neighborhood.

    3955 SE Madison St, Portland, OR 97214
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    Seaside Homesite with Ocean Views
    $159,000
    0.43 Acres

    Seaside Homesite with Ocean Views

    Spacious homesite in Sunset Hills with ocean and city views.

    Alpine St, Seaside, OR 97138
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    Ocean View Homesite in Warrenton
    $555,000
    1.00 Acre

    Ocean View Homesite in Warrenton

    One-acre homesite with ocean views in gated Surf Pines.

    Manion Dr, Warrenton, OR 97146
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    Greenhills Land with Sunset Views
    $159,000
    0.18 Acres

    Greenhills Land with Sunset Views

    Desirable Council Crest lot ready for custom home development.

    SW Chesapeak Ave, Portland, OR 97239
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    Residential Land in Premier Neighborhood
    $198,000
    0.28 Acres

    Residential Land in Premier Neighborhood

    Large 0.28 acre lot to build your dream house.

    SW Rivington Dr, Portland, OR 97201
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    Oregon City Land in Canemah
    $120,000
    0.11 Acres

    Oregon City Land in Canemah

    Lot in historic district with seasonal river views.

    4Th Ave, Oregon City, OR 97045
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    Oceanfront Building Site in Gearhart
    $1,300,000
    0.98 Acres

    Oceanfront Building Site in Gearhart

    Oceanfront lot in Gearhart, ready for your dream home.

    1396 N Ocean Ave, Gearhart, OR 97138
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    Ocean View Acre in Gearhart
    $850,000
    1.00 Acre

    Ocean View Acre in Gearhart

    One-acre lot with panoramic ocean views in gated community.

    Pinehurst Rd, Gearhart, OR 97138
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    Portland Triplex in Hawthorne
    $895,000
    2,284 SF

    Portland Triplex in Hawthorne

    Investment opportunity in desirable Hawthorne location with parking and garage.

    4320 SE Hawthorne Blvd, Portland, OR 97215
    View details
    Waterfront Lot with Panoramic Views
    $1,450,000
    0.37 Acres

    Waterfront Lot with Panoramic Views

    Rare Gearhart waterfront lot to build your dream home.

    Wellington Ave, Gearhart, OR 97138
    View details
    Gearhart Commercial Property on Highway
    $1,539,000
    8,020 SF

    Gearhart Commercial Property on Highway

    Prime investment opportunity in central Gearhart with highway frontage.

    3470 Highway 101, Gearhart, OR 97138
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    Nehalem Riverfront Acres For Sale
    $420,000

    Nehalem Riverfront Acres For Sale

    10 acres on the Nehalem River with development potential.

    000 Highway 103, Seaside, OR 97138
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    Mixed-Use Apartments on East Burnside
    $2,350,000
    6,939 SF

    Mixed-Use Apartments on East Burnside

    Boutique mixed-use property with residential and commercial income streams.

    612 E Burnside St, Portland, OR 97214
    View details
    Charming Multifamily Building Near Wallace Park
    $1,295,000
    400 SF

    Charming Multifamily Building Near Wallace Park

    Single-level multifamily property with excellent tenants and low utility costs.

    2475 Northwest Raleigh St, Portland, OR 97210
    View details

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    Windermere Realty Trust
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Windermere Realty Trust
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