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    Prime Land in Inner Southeast Title is generated by Realmo AI

    1114 SE CLAY St, Portland, OR 97214

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    Claim this Listing
    New
    For Sale
    $695,000

    LAND - Portland, OR

    Added:
    May 15, 2026
    Days on Market:
    7
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 1114 SE CLAY St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    EG2
    Standard status
    Active
    APN
    R276113

    Taxes and HOA fees

    Tax Description
    STEPHENS ADD, BLOCK 122, N 45' OF LOT 1
    Tax Annual Amount
    3783

    We can help!

    Listing Contact
    Shannon Baird
    Shannon Baird

    Listing agent Shannon Baird

    Listing office Windermere Realty Trust 2045 NE Martin Luther King Blvd, Portland, OR

    Listing date May 15, 2026

    MLS# 545610052 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highly desirable Inner Southeast location near Buckman/Central Eastside corridor.
    • Proximity to downtown Portland without the congestion.
    • Quick access to major arterial routes (SE Morrison, SE Belmont, I‑5).
    • Surrounded by boutique retail, design studios, and professional offices.
    • Appealing for owner‑users, investors, or businesses seeking a strategic urban footprint.
    • Minutes from Portland's Central Business District.

    Overview

    Located in one of Portland's most desirable Inner Southeast neighborhoods, near the Buckman/Central Eastside corridor, 1114 SE Clay is positioned just east of the Willamette River. This area is known for creative commerce, walkability, and proximity to downtown without the congestion. The location benefits from quick access to major arterial routes including SE Morrison, SE Belmont, and I-5, while also being minutes from Portland's Central Business District. The surrounding area attracts a blend of boutique retail, design studios, professional offices, wellness concepts, and adaptive commercial spaces due to its strong local identity, high commuter traffic, and vibrant + historical residential density. Nearby dining, coffee, and established neighborhood businesses contribute to a built-in customer base, while the area's continued evolution makes it especially appealing for owner-users, investors, or businesses seeking a strategic urban footprint. This location offers the rare balance of neighborhood charm, city accessibility, and entrepreneurial energy. For businesses that value visibility, authenticity, and connection to Portland's creative core, the property presents both practical function and brand-enhancing potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Columbia Supply Co Big Box & Wholesale Store Northwest Pedicab Event Planning Hyland Garden Design ... Landscaping Xera Plants, Inc. Garden Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.65427
    Latitude
    45.511361

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    FAQs

    What type of property is this?
    Commercial land - Land in a desirable Portland neighborhood near the Central Eastside.
    Where is this commercial land located?
    The property is located at 1114 SE CLAY St Portland, OR.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Highly desirable Inner Southeast location near Buckman/Central Eastside corridor.; Proximity to downtown Portland without the congestion.; Quick access to major arterial routes (SE Morrison, SE Belmont, I‑5).
    (503) 799-5095
    We can help!
    Listing Contact
    Shannon Baird
    Shannon Baird
    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.

    More about this property
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    1114 SE CLAY St, Portland, OR 97214
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