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    8801-8823 Edison St Portland, OR 97203
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    Property profile & analytics

    8801-8823 Edison St Portland, OR 97203

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    • Apartment buildings
    • 10,680 SF
    • 0.23 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 8801-8823 Edison St

    Year built
    1973
    Lot size
    0.23 lot acres
    Property size
    10,680 SF
    Property type
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.759
    Latitude
    45.5898

    Comparable in this City

    • Value Estimation
      $4,080,000
      11,914 SF

      5120 Lombard St Sta, Unit A

      APARTMENT HOUSE (5+ UNITS) • 11,914 SF
      5120 Lombard St Sta, Portland, OR 97203-4593
      View Details
    • Value Estimation
      $2,090,000
      5,718 SF

      7045 Mohawk Ave

      APARTMENT HOUSE (5+ UNITS) • 5,718 SF
      7045 Mohawk Ave, Portland, OR 97203-4913
      View Details
    • Value Estimation
      $20,230,000
      76,084 SF

      8780 Columbia Blvd, Unit 8990

      APARTMENT HOUSE (5+ UNITS) • 76,084 SF
      8780 Columbia Blvd, Portland, OR 97203-1077
      View Details
    • Value Estimation
      $2,885,000
      15,300 SF

      6270 Columbia Way, Unit 6280

      APARTMENT HOUSE (5+ UNITS) • 15,300 SF
      6270 Columbia Way, Portland, OR 97203-1855
      View Details
    • Value Estimation
      $845,000
      4,252 SF

      7214 Mohawk Ave

      APARTMENT HOUSE (5+ UNITS) • 4,252 SF
      7214 Mohawk Ave, Portland, OR 97203-3800
      View Details
    • Value Estimation
      $3,555,000
      13,380 SF

      9234 Newman Ave, Unit 9254

      APARTMENT HOUSE (5+ UNITS) • 13,380 SF
      9234 Newman Ave, Portland, OR 97203-3588
      View Details

    Similar Nearby for Sale

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      St. Johns Detached Homes Portfolio

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      7,665 SF

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      7,500 SF

      St. Johns Multifamily Investment

      9-unit multifamily property in a walkable North Portland neighborhood.
      8220-8236 N Edison St, Portland, OR 97203
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    Similar Nearby for Lease

    • Contact for pricing

      St. Johns Office/Warehouse Space

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      Second Generation Restaurant For Lease

      Restaurant space available for lease in Portland, Oregon.
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      34,734 SF

      Portland Warehouse with Fenced Security

      Warehouse with immediate port access, office space, and security.
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    • $28 SF/Yr
      761 SF

      Restaurant Space in St. Johns

      Second generation pizza restaurant space available in St. Johns.
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      13,200 SF

      Secured Yard Warehouse Space

      Warehouse with fenced yard and convenient freeway access.
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    • Contact for pricing
      84,000 SF

      Warehouse and Office Sublease

      84,000 Sq Ft Class A warehouse and office space.
      7824-7832 N Leadbetter Rd, Portland, OR 97203
      View Details
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    Portland, OR 97203
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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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