Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space For Lease Title is generated by Realmo AI

    12115 SE Stevens Ct, Happy Valley, OR 97086

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease in Happy Valley, Oregon.

    Type:Retail
    Added:
    Sep 29, 2021
    Days on Market:
    1691
    Last Refresh:
    Mar 16 at 10:16 am

    Property Features for 12115 SE Stevens Ct

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1992

    Spaces For Lease

    at 12115 SE Stevens Ct Contact us

    Available space 1 $22/Mo

    Size
    5,000 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Brad Macomber
    Brad Macomber

    Listing agent Brad Macomber License #OR#200908061

    Listing office Commercial Integrity NW

    Listing date Sep 29, 2021

    Source Crexi

    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 Commercial Integrity NW

    HighLights

    • Year Built: 1992

    Overview

    This property is available for lease as a retail space. It is located in Happy Valley, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Happy Valley
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.5646271
    Latitude
    45.434931

    Nearby Similar for Lease

    • $39 SF/Yr
      2,660 SF

      Class A Medical Office Space

      Medical office space for rent with excellent views.
      9300 Southeast 91st Avenue, Happy Valley, OR, 97086
      View Details
    • $28 SF/Yr
      134,555 SF

      Retail Space on SE 82nd Avenue

      Well-located shopping center near Clackamas Town Center with on-site security.
      11211 SE 82nd Avenue, Happy Valley, OR 97086
      View Details
    • $39 SF/Yr

      Retail Space in Happy Valley

      Premier commercial property with customizable suites in a thriving location.
      14679 Southeast Sunnyside Road, Happy Valley, OR 97015
      View Details
    • $22 SF/Yr
      700,000 SF

      Retail Suites in Mixed-Use Development

      New retail spaces available in Happy Valley mixed-use development.
      17086 Southeast Rock Creek Boulevard, Happy Valley, OR 97015
      View Details
    • $36 SF/Yr
      2,660 SF

      Office Space with Excellent Views

      Office spaces for rent, shell condition, ready to design.
      SE 91st Ave 9300, Happy Valley, OR
      View Details
    • Contact for pricing

      Retail Space in Happy Valley

      Ground floor retail space in a mixed-use development.
      12930 SE 162nd Avenue, Happy Valley, OR 97086
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space in Happy Valley

      Retail space available in a busy shopping center.
      15932-15936 SE Happy Valley Town Center Dr, Happy Valley, OR
      View Details
    • Contact for pricing
      2,051 SF

      Retail Space in Happy Valley

      62,000 SF shopping center in Oregon's fastest growing city.
      13200 SE 172nd Ave, Happy Valley, OR
      View Details
    • Contact for pricing
      2,673 SF

      Retail Space in Happy Valley

      Retail space available in a busy, growing Happy Valley center.
      14638 SE Sunnyside Rd, Happy Valley, OR
      View Details
    • Contact for pricing
      64,400 SF

      Retail Space in Clackamas Center

      Retail space available in Clackamas Town Center.
      11800-12300 SE 82nd Ave, Happy Valley , OR
      View Details
    • Contact for pricing
      2,851 SF

      Retail Space in Happy Valley

      Retail space available at a busy intersection in Happy Valley.
      17155 Southeast Sunnyside Road, Happy Valley, OR, 97086
      View Details
    • Contact for pricing
      11,500 SF

      Modern Warehouse Sublease Opportunity

      11,500 SF modern warehouse space available for sublease.
      11755 SE Capps Rd, Happy Valley, OR 97015
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Happy Valley, Oregon.
    Where is this retail space located?
    The property is located at 12115 SE Stevens Ct Happy Valley, OR.
    What are key features of this property?
    This property features: Year Built: 1992
    (503) 218-4380 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Macomber
    Brad Macomber
    Real Estate License ID: OR#200908061
    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

    Thank You for Inquiry
    12115 SE Stevens Ct, Happy Valley, OR 97086
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!