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    Well-Located Shopping Center on 82nd Title is generated by Realmo AI

    11211 SE 82nd Ave, Happy Valley, OR 97086

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    Located on primary retail thoroughfare near major transportation lines.

    Type:Retail
    Added:
    Aug 13, 2018
    Days on Market:
    2853
    Last Refresh:
    May 19 at 10:15 pm

    Property Features for 11211 SE 82nd Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 11211 SE 82nd Ave Contact us

    We can help!

    Listing Contact
    Stacy Looney

    Listing agent Stacy Looney License #OR 940200076

    Listing office SVN | Bluestone

    Listing date Aug 13, 2018

    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 SVN | Bluestone

    HighLights

    • Prime location on SE 82nd Avenue, a major retail thoroughfare.
    • Close proximity to Clackamas Town Center, a large regional mall with 180 retailers and numerous restaurants.
    • Easy access to I‑205 and I‑84, as well as major transportation lines.
    • 7‑day per week on‑site security.
    • Diverse mix of multicultural businesses and retail strength in the corridor.
    • Served by public transit directly in front of the property.

    Overview

    Ross Center is a well-located shopping center situated on SE 82nd Avenue, a primary north-south arterial serving Portland's east side as a large centralized retail corridor. The property is within half a mile of Clackamas Town Center, one of the Portland area's largest malls, featuring nearly 1.5 million square feet of retail space and 180 retailers, along with Portland's largest collection of restaurants and eateries. Ross Center is easily accessible from I-205 and I-84, in addition to being directly accessible from Portland's major transportation lines. The property benefits from 7-day per week on-site security. Eighty-second Avenue is a state highway that connects with Interstate 84 (I-84) to the north and Clackamas County to the south. This 4-lane arterial is well-served by public transit, with service directly in front of Ross Center. The corridor is distinguished by its mix of multicultural businesses and diversity of retail strength. Various suite sizes are available, with larger spaces potentially available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michaels (Bike/Boat/Book/etc) Store OsteoStrong Gym & Fitness Center Penzeys Spices Grocery & Convenience Store Pykettes Factory Outlet Clothing & Fashion Store Shevyll Arvie Siong ... Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Sunglass Hut — 12000 SE 82nd Ave Spc A-115, Happy Valley, OR 97086
    • Sunglass Hut at Macy's — 12100 SE 82nd Ave, Portland, OR 97086
    • BitcoinNW Bitcoin ATM — Kiosk Only, 12000 SE 82nd Ave, Happy Valley, OR 97086
    • Clackamas Town Center — 12000 SE 82nd Ave, Happy Valley, OR 97086
    • Everbrow Plus — 12000 SE 82nd Ave, Happy Valley, OR 97086

    Location Insight

    • Map
    • Local Demand
    City
    Happy Valley
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.5801471
    Latitude
    45.4425517

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    FAQs

    What type of property is this?
    Shopping center - Located on primary retail thoroughfare near major transportation lines.
    Where is this shopping center located?
    The property is located at 11211 SE 82nd Ave Happy Valley, OR.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Prime location on SE 82nd Avenue, a major retail thoroughfare.; Close proximity to Clackamas Town Center, a large regional mall with 180 retailers and numerous restaurants.; Easy access to I‑205 and I‑84, as well as major transportation lines.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stacy Looney
    Real Estate License ID: OR 940200076
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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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    11211 SE 82nd Ave, Happy Valley, OR 97086
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