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    Sandy Oregon Turn-Key Investment Properties Title is generated by Realmo AI

    16809 Chula Vista Avenue, Sandy, OR 97055

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    For Sale
    $5,200,000

    Thirteen newer townhomes near Mt. Hood recreation area for sale.

    Type:Multi Family
    Property size:
    5,850 SF
    Price / SF:
    $888/SF
    Added:
    Dec 28, 2023
    Days on Market:
    886
    Last Refresh:
    Mar 13 at 1:41 pm

    Property Features for 16809 Chula Vista Avenue

    General Information

    Standard status
    Active
    Size
    5,850 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Brent Barker

    Listing agent Brent Barker License #201232075

    Listing office Coldwell Banker Bain

    Listing date Dec 28, 2023

    Source Compass

    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 Coldwell Banker Bain

    HighLights

    • Turn‑key investment properties with long‑term leases in place.
    • Excellent 1031 Exchange opportunity.
    • Located in Sandy, Oregon, near Mt. Hood recreation area and skiing.
    • Managed by a local 5‑star property management company.
    • Large, luxury 3‑bedroom townhomes with garage.
    • Modern features: quartz countertops, stainless steel appliances, gas stove, and laminate floors.

    Overview

    Thirteen newer turn-key investment properties are available in Sandy, Oregon, the gateway to skiing and the Mt. Hood recreation area. These are large, luxury 3-bedroom, 2.5-bath townhomes with garages. The units feature open kitchens, quartz countertops, stainless steel appliances, and gas stoves. Laminate floors are installed throughout the kitchen, dining, and living areas. The properties are located within walking distance of a theater, parks, shopping, and restaurants. The total property size is 5850 square feet. A local property management company is in place with long-term leases. This presents an excellent 1031 Exchange opportunity.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.2989595
    Latitude
    45.4011695

    Nearby Similar for Sale

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      Retail Property Near Mt. Hood

      Retail property with approved expansion plans near Mt. Hood.
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    • $750,000
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      Sandy Commercial Building Opportunity

      Two-level building on 0.74 acres with parking and highway access.
      39590 PIONEER Blvd, Sandy, OR 97055
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    • $1,250,000
      4,548 SF

      Retail Building Near Mt. Hood

      Free-standing retail building near Mt. Hood on 0.49 acres.
      38454 Pioneer Blvd, Sandy, OR 97055
      View Details
    • $2,250,000

      Sandy Mixed-Use Development Opportunity

      Seven properties in Sandy, Oregon, with development potential.
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    • Contact for pricing
      62,409 SF

      New Garden-Style Apartment Community

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    FAQs

    What type of property is this?
    1031 exchange property - Thirteen newer townhomes near Mt. Hood recreation area for sale.
    Where is this 1031 exchange property located?
    The property is located at 16809 Chula Vista Avenue Sandy, OR.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: Turn‑key investment properties with long‑term leases in place.; Excellent 1031 Exchange opportunity.; Located in Sandy, Oregon, near Mt. Hood recreation area and skiing.
    (602) 697-7769
    We can help!
    Listing Contact
    Brent Barker
    Real Estate License ID: 201232075
    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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