Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    14933 172Nd Ave Happy Valley, OR 97015

    • Land
    • 7.81 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 14933 172Nd Ave

    Lot size
    7.81 lot acres
    Property type
    Land

    Description

    This exceptional 7.81-acre commercial land parcel presents a remarkable investment opportunity in Happy Valley, Oregon. Located at 14933 SE 172nd Avenue, this level site boasts a prime corner location with direct access to SE 172nd Avenue and Rock Creek Boulevard, offering unparalleled visibility and accessibility. The property is zoned CCC – Community Commercial Center, allowing for a diverse range of development options, including retail, mixed-use, senior housing, medical facilities, and office spaces. Its strategic location provides convenient access to major transportation arteries, including Highway 212, the Sunrise Corridor Expressway, and Interstate 205, ensuring excellent connectivity for businesses and residents. Utilities are readily available along SE 172nd Avenue and Rock Creek Boulevard, simplifying the development process. The land is priced at $5,950,000, translating to a land value of $17.49 per square foot. This presents a unique chance to acquire a substantial, well-located parcel in a thriving Oregon community, ideal for a variety of commercial ventures. The level topography of the site further enhances its development potential, minimizing site preparation costs and expediting the construction process. Don't miss this opportunity to secure a prime piece of commercial real estate in a high-growth area. The property is situated in Clackamas County, Oregon, with a 97015 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Happy Valley
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.486
    Latitude
    45.4143

    Comparable in this City

    • Value Estimation by Request
      43,750 SF

      15610-15638 135Th Ave

      Land • 43,750 SF
      15610-15638 135Th Ave, Clackamas, OR 97015
      View Details
    • Value Estimation by Request
      5.38 Acres

      14820 172Nd Ave

      Land • 5.38 Acres
      14820 172Nd Ave, Clackamas, OR 97015
      View Details
    • Value Estimation by Request
      6.99 Acres

      17617 Armstrong Cir

      Land • 6.99 Acres
      17617 Armstrong Cir, Damascus, OR 97015
      View Details
    • Value Estimation by Request

      13047 Sunnyside Rd

      Land
      13047 Sunnyside Rd, Clackamas, OR 97015
      View Details
    • Value Estimation by Request
      5.90 Acres

      17303 130Th Ave

      Farms • 5.90 Acres
      17303 130Th Ave, Clackamas, OR 97015
      View Details
    • Value Estimation by Request
      0.30 Acres

      16710 82nd Dr

      VACANT COMMERCIAL LAND • 0.30 Acres
      16710 82nd Dr, Clackamas, OR 97015-8589
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Happy Valley Commercial Land

      Prime 4.07-acre MUC zoned land
      13047 Sunnyside Rd, Clackamas, OR 97015
      View Details
    • $2,499,900
      5.38 Acres

      Prime Clackamas County Land

      5.38 Acres, $2.5M, Happy Valley
      14820 172Nd Ave, Clackamas, OR 97015
      View Details
    • $1,635,000
      2.89 Acres

      Clackamas Office Land Investment

      Prime Clackamas location, development opportunity.
      13455 97Th Ave, Clackamas, OR 97015
      View Details
    • Contact for pricing
      6.99 Acres

      Happy Valley Industrial Land

      6.99 Acres, IC Zoning, Prime Location
      17617 Armstrong Cir, Damascus, OR 97015
      View Details
    • $2,950,000

      Clackamas Land For Sale

      Land available for sale in Clackamas, Oregon.
      13169 SE 162Nd Ave, Clackamas, OR 97015
      View Details
    • $649,900
      0.75 Acres

      Clackamas Commercial Land For Sale

      Developed land with approved building plans in Happy Valley.
      14790 SE 172Nd Ave, Clackamas, OR 97015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,750 SF

      Clackamas Retail Land Opportunity

      Prime Clackamas County retail land, ready to build.
      15610-15638 135Th Ave, Clackamas, OR 97015
      View Details
    • $20 SF/Yr
      10,830 SF

      Clackamas Executive Office Suites

      Class A Office Space in Clackamas, OR
      10121 Sunnyside Rd, Clackamas, OR 97015
      View Details
    • Contact for pricing
      2,485 SF

      Clackamas Executive Office Suites

      Prime Retail/Office Space Available
      16301 82Nd Dr, Clackamas, OR 97015
      View Details
    • $1.15 SF/Yr
      4,140 SF

      Clackamas Flex/Industrial Space Available

      Flex/industrial space with freeway access, ample parking, and on-site services.
      8849 SE Jannsen Rd, Clackamas, OR 97015
      View Details
    • Contact for pricing
      15,000 SF

      Office Space with Excellent Access

      Office space for rent with tenant improvement allowance.
      8730-9020 SE Sunnybrook Blvd, Clackamas, OR 97015
      View Details
    • Contact for pricing

      Industrial Building with Secured Parking

      Stand-alone industrial building with fenced and paved parking lot.
      Clackamas, OR 97015
      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.
    14933 172Nd Ave
    Happy Valley, OR 97015
    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.