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    Portland Hospitality Property For Sale Title is generated by Realmo AI

    1021 Northeast Grand Avenue, Portland, OR 97232

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    Convention-adjacent hospitality property in Portland, benefiting from recovering market.

    Added:
    Mar 5, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 5 at 8:10 pm

    Property Features for 1021 Northeast Grand Avenue

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Joseph Cuomo

    Listing agent Joseph Cuomo License #FL #SL3614391

    Listing office

    Listing date Mar 5, 2026

    Source Alchemyrea

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Joseph Cuomo

    HighLights

    • Located adjacent to the Oregon Convention Center, benefiting from its recovery and events.
    • Positioned to be among the first beneficiaries of lodging market recovery as demand normalizes.
    • Portland is a major West Coast gateway with a diversified economy.
    • Anchored by major employers like Nike, Intel, and Adidas, supporting corporate demand.
    • Ongoing public and private investment in revitalizing the urban core.
    • Recent office transactions signal renewed deal flow and investor interest.

    Overview

    Portland's lodging market is showing signs of stabilization, driven by increased visitation and a focus on downtown and convention-related recovery. The Oregon Convention Center is experiencing a gradual return of citywide conventions and regional events, which is particularly beneficial for nearby hotels. Portland serves as a major West Coast gateway with a diverse economy supported by technology, athletic and apparel companies, healthcare, advanced manufacturing, and logistics. Major employers such as Nike, Intel, Adidas North America, Daimler Trucks North America, and Providence Health contribute to a strong corporate demand base. Ongoing public and private sector investments in infrastructure, transit, and event programming aim to revitalize the urban core. As demand normalizes, well-located assets near the convention center are expected to be among the first to benefit from the recovery. Recent high-profile office transactions in downtown Portland indicate renewed deal flow and investor willingness to transact at reset values, suggesting a return of liquidity to the market. The property is located at 1021 Northeast Grand Avenue, Portland, OR 97232.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotel Eastlund Hotel & Motel The Cosmopolitan Ballroom Hotel & Motel Tesla Destination Charger Electric Vehicle Charging Station Metropolitan Tavern Restaurant Amazing Family Getaway! ... Hotel & Motel

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.661
    Latitude
    45.5304

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    FAQs

    What type of property is this?
    Hotel - Convention-adjacent hospitality property in Portland, benefiting from recovering market.
    Where is this hotel located?
    The property is located at 1021 Northeast Grand Avenue Portland, OR.
    What are key features of this property?
    This property features: Located adjacent to the Oregon Convention Center, benefiting from its recovery and events.; Positioned to be among the first beneficiaries of lodging market recovery as demand normalizes.; Portland is a major West Coast gateway with a diversified economy.
    (646) 425-5632
    We can help!
    Listing Contact
    Joseph Cuomo
    Real Estate License ID: FL #SL3614391
    Learn More
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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.

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