Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8416 Clay St Portland, OR 97216

    • Commercial real estate
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1386816
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8416 Clay St

    Lot size
    0.08 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.08-acre lot in Portland, Oregon's desirable Montavilla neighborhood (97216) presents a unique opportunity for developers. Zoned RM1, the property comes complete with approved plans for a nine-unit apartment building, significantly streamlining the development process. The pre-approved design, created by a local architect, features a mix of spacious one-bedroom/one-bathroom and studio units, emphasizing modern architecture and efficient layouts. The building's design prioritizes value engineering, maximizing returns. This prime, flat, and usable land boasts an impressive 99 BikeScore, placing it within easy walking distance of numerous shops, restaurants, cafes, and parks. The proposed nine-unit apartment building carries a projected sales price of $1.95 million, with a projected capitalization rate of 5.25%. The asking price for this permit-ready land is $249,900, offering significant potential for substantial returns. Located at 8416 SE Clay St, Multnomah County, this property is ready for immediate development. A virtual tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.5768105
    Latitude
    45.5108153

    Comparable in this City

    • $159,900

      Modern Condo in Hazelwood

      New construction condo in prime location with modern finishes.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $159,900

      Modern Condo in Hazelwood Neighborhood

      New construction condo in prime location with modern features.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $149,900

      Modern Condo in Hazelwood

      New construction studio condo in a prime Hazelwood location.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $129,900

      Modern Condo in Hazelwood Neighborhood

      New construction studio condo in prime Hazelwood location.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $149,900

      Modern Condo in Hazelwood Neighborhood

      New construction condo in prime location with modern finishes.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • New
      $1,068,900
      0.34 Acres

      Portland Multifamily Income Property

      Fully rented, cash flowing triplex and house on one lot.
      2309 SE 90Th Ave, Portland, OR 97216
      View Details

    Similar Nearby for Sale

    • $159,900

      Modern Condo in Hazelwood

      New construction condo in prime location with modern finishes.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $159,900

      Modern Condo in Hazelwood Neighborhood

      New construction condo in prime location with modern features.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $149,900

      Modern Condo in Hazelwood

      New construction studio condo in a prime Hazelwood location.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $129,900

      Modern Condo in Hazelwood Neighborhood

      New construction studio condo in prime Hazelwood location.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • $149,900

      Modern Condo in Hazelwood Neighborhood

      New construction condo in prime location with modern finishes.
      10985 E Burnside St, Portland, OR 97216
      View Details
    • New
      $1,068,900
      0.34 Acres

      Portland Multifamily Income Property

      Fully rented, cash flowing triplex and house on one lot.
      2309 SE 90Th Ave, Portland, OR 97216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,394 SF

      Modern Office Space with Amenities

      Office space with fitness center, lounge, and rooftop deck.
      SE Ash St, Portland, OR 97216
      View Details
    • $4,800 /Mo
      924 SF

      Retail Space with Garage

      Retail space featuring two offices, restrooms, and a garage.
      1236 NE 82Nd Ave, Portland, OR 97216
      View Details
    • $20 SF/Yr
      1,696 SF

      Office Space with Stark Street Access

      Office space with great visibility and access on SE Stark.
      555 SE 99Th Ave, Portland, OR 97216
      View Details
    • $18 SF/Yr
      1,705 SF

      Office Space Available For Rent

      Office space available for lease in Portland, Oregon.
      940-948 NE 102Nd Ave, Portland, OR 97216
      View Details
    • $13 SF/Yr
      1,601 SF

      Office Space in Portland, OR

      Office space available for rent in Portland, Oregon.
      2410 SE 121St Ave, Portland, OR 97216
      View Details
    • Contact for pricing

      Move-in Ready Medical Office Space

      Spacious medical office with modern finishes and ample parking.
      10202 East Burnside St, Portland, OR 97216
      View Details
    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.
    8416 Clay St
    Portland, OR 97216
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.