Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10915 SE Stark Street Portland, OR 97216

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Leased to Physical Rehabilitation Network with renewal option.

    Type:Office
    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 29 at 10:12 pm

    Property Features for 10915 SE Stark Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Joe Kappler

    Listing agent Joe Kappler License #OR #200605069

    Listing office

    Listing date Nov 25, 2025

    Source Macadamforbes

    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 Joe Kappler

    Overview

    Single-Tenant Property in Gateway Submarket

    This single-tenant property is leased to Physical Rehabilitation Network (PRN), which operates in over 16 states with more than 180 clinics. PRN purchased Gateway Sports Medicine two years ago and subsequently signed a five-year lease back in December 2019. PRN offers a range of rehabilitation services, including chiropractic care, physical therapy, acupuncture, and therapeutic massage. The tenant has one five-year option to renew at fair market value. The current rent is fixed at $6,000 per month NNN for the remainder of the lease term. A new roof was installed in December 2020. The lease expires on December 15, 2024. Located in the Gateway submarket, the property offers convenient access to I-205, I-84, the airport, and downtown. It also benefits from its proximity to Mall 205 and the Gateway MAX stop. The seller also owns the neighboring property at 420 SE 109th Avenue (zoned CM2, 864 SF house on 9,366 SF) and is open to selling both together.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stanley R. Gorman, ... Physician Bree-Lyn Martindale Physician Rene C. St ... Alternative Medicine Practice Neena M. Kirkwood, ... Physician Dr Jura Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.551
    Latitude
    45.5192

    Nearby Similar for Sale

    • $695,000
      3,406 SF

      Charming Fourplex in Buckman Neighborhood

      Vintage fourplex in Southeast Portland's desirable Buckman neighborhood.
      942 SE 16th Ave, Portland, OR 97214
      View Details
    • $875,000
      4,516 SF

      Portland Multifamily Investment Opportunity

      Meticulously maintained multifamily property with stable rental income potential.
      2431 SE 141ST Ave, Portland, OR 97233
      View Details
    • $775,900
      3,161 SF

      Remodeled Duplex in Prime Location

      Mid-century duplex with modern upgrades and ADU potential.
      3921 SE BOISE St, Portland, OR 97202
      View Details
    • $424,900
      1,346 SF

      Remodeled Duplex in Powellhurst-Gilbert

      Updated Portland duplex with strong rental potential and modern amenities.
      3311 3315 SE 127TH Pl, Portland, OR 97236
      View Details
    • $725,000

      Portland Fourplex with Garage Parking

      Well-maintained fourplex with updated features and month-to-month leases.
      1267 NE 183RD Ave, Portland, OR 97230
      View Details
    • $3,459,900
      9,454 SF

      Southeast Portland Multifamily Investment Opportunity

      Eight newly constructed homes near Woodstock Blvd in Southeast Portland.
      7468 SE Tolman St, Portland, OR 97206
      View Details
    • $998,900
      3,452 SF

      Two Homes on Double Lot

      Two homes on a double lot in Southeast Portland.
      3724 SE FRANKLIN St, Portland, OR 97202
      View Details
    • $975,000
      3,350 SF

      Portland Multifamily with City Views

      5-plex near PSU with RM4 zoning for high-density development.
      2047 SW 10TH Ave, Portland, OR 97201
      View Details
    • $3,339,900
      8,356 SF

      Rose City Park Multifamily Investment

      Modern 4-plexes in Portland's desirable Rose City Park neighborhood.
      2938 NE 62nd Ave, Portland, OR 97213
      View Details
    • $800,000

      Montavilla Multifamily Investment Opportunity

      Income-producing property with development potential in vibrant Montavilla neighborhood.
      144 SE 85TH Ave, Portland, OR 97216
      View Details
    • $739,900
      3,872 SF

      Classic Portland Triplex For Sale

      Updated 1912 triplex near Foster corridor with rental history.
      6313 SE 92ND Ave, Portland, OR 97266
      View Details
    • $784,900
      3,195 SF

      Portland Duplex with Expansion Potential

      Updated duplex in Brooklyn neighborhood with basement conversion opportunity.
      3332 SE 9TH Ave, Portland, OR 97202
      View Details

    FAQs

    What type of property is this?
    Medical space - Leased to Physical Rehabilitation Network with renewal option.
    Where is this medical space located?
    The property is located at 10915 SE Stark Street Portland, OR.
    What are key features of this property?
    This property features: Single‑tenant property leased to Physical Rehabilitation Network (PRN).; NNN lease provides fixed monthly income of $6,000 through December 15, 2024.; Potential cap rate increase to 6.7% in 3 years.
    (503) 972-7294
    We can help!
    Listing Contact
    Joe Kappler
    Real Estate License ID: OR #200605069
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!