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    Property profile & analytics

    6220 122Nd Ave Portland, OR 97236

    • Commercial real estate
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0172898
    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 6220 122Nd Ave

    Lot size
    1.63 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.63-acre commercial land parcel, located at 6220 SE 122nd Avenue in Portland, Oregon, presents a compelling investment opportunity. The property, encompassing five tax lots, is zoned CM2, offering significant development potential. The asking price is $3,700,000. The site boasts convenient access from both SE 122nd Avenue and SE Foster Road, enhancing its accessibility and visibility. Currently, there is one improved residential dwelling on the site, which could be incorporated into future development plans or removed to maximize the land's potential. Situated in Multnomah County, with a 97236 zip code, this property offers a strategic location within Portland's dynamic commercial landscape. The expansive lot size provides ample space for a variety of commercial ventures, making it an attractive proposition for developers and investors seeking a prime location with significant upside. Detailed zoning information and development guidelines are readily available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable Portland location. Don't miss this chance to secure a valuable asset with significant growth potential.

    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
    -122.5368467
    Latitude
    45.4771906

    Comparable in this City

    • $699,900
      0.51 Acres

      Portland Land Development Opportunity

      Land zoned RM1 suitable for various housing developments.
      2704 SE 136Th Ave, Portland, OR 97236
      View Details
    • $750,000
      5.00 Acres

      Portland Farm & Home Site

      5 Acres, RR Zoning, $750,000
      16925 Foster Rd, Portland, OR 97236
      View Details
    • Contact for pricing

      Commercial Land Lot on 122nd

      Level 14,209 SF lot with flexible commercial zoning.
      Portland, OR 97236
      View Details
    • $180,000
      0.32 Acres

      Portland Land Opportunity

      0.32-acre lot in Portland with utilities available.
      7130 SE 127 Lot To Ave N, Portland, OR 97236
      View Details
    • $180,000

      Residential Lot in Prime Location

      0.32-acre lot with utilities, ideal for development.
      7130 SE 127Th Ave, Portland, OR 97236
      View Details
    • $199,900
      0.27 Acres

      Portland Land Ready For Development

      Finished multi-family lot zoned R2.5 in Portland, Oregon.
      5716 SE 122Nd Ave, Portland, OR 97236
      View Details

    Similar Nearby for Sale

    • $199,900
      0.27 Acres

      Portland Land Ready For Development

      Finished multi-family lot zoned R2.5 in Portland, Oregon.
      5716 SE 122Nd Ave, Portland, OR 97236
      View Details
    • $180,000

      Residential Lot in Prime Location

      0.32-acre lot with utilities, ideal for development.
      7130 SE 127Th Ave, Portland, OR 97236
      View Details
    • $750,000
      5.00 Acres

      Portland Farm & Home Site

      5 Acres, RR Zoning, $750,000
      16925 Foster Rd, Portland, OR 97236
      View Details
    • Contact for pricing

      Commercial Land Lot on 122nd

      Level 14,209 SF lot with flexible commercial zoning.
      Portland, OR 97236
      View Details
    • $180,000
      0.32 Acres

      Portland Land Opportunity

      0.32-acre lot in Portland with utilities available.
      7130 SE 127 Lot To Ave N, Portland, OR 97236
      View Details
    • $699,900
      0.51 Acres

      Portland Land Development Opportunity

      Land zoned RM1 suitable for various housing developments.
      2704 SE 136Th Ave, Portland, OR 97236
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Airport Way

      Located in the heart of the Airport Way trade area.
      5950 NE 122Nd Ave, Portland, OR 97236
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space at Lit Intersection

      Retail space available at a corner location in Portland, Oregon.
      17218 SE Powell Blvd, Portland, OR 97236
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space at Division Crossing

      Retail space with high visibility and accessibility in Portland, OR.
      16261 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing

      Retail Space Near Fred Meyer

      Retail suites available in high-visibility Portland location.
      2520 SE 145Th Ave, Portland, OR 97236
      View Details
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    6220 122Nd Ave
    Portland, OR 97236
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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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