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    1223 Hayden Meadows Dr Portland, OR 97217

    • Strip malls
    • 3.51 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clear Choice Attic Insulation Company / Insulation Contractor
    • Fred Hughes SR-22 Insurance Group / Insurance Company

    Property Details for 1223 Hayden Meadows Dr

    Lot size
    3.51 lot acres
    Property type
    Strip malls
    Property subtype
    Retail properties

    Description

    This exceptional opportunity presents three available commercial land pads situated within the thriving Delta Park Shopping Center in North Portland, Oregon. Located at 1223 N Hayden Meadows Dr, Portland, OR 97217, these pads offer a strategic location with convenient access to Interstate 5, ensuring high visibility and accessibility for businesses. The property is zoned EG2, providing flexibility for a variety of retail developments. Three pads are available, ranging in size from 1.03 to 1.20 acres, providing options for businesses of varying scales. The total land area encompasses 3.51 acres. This prime location is adjacent to major big-box retailers, creating a synergistic environment and attracting significant foot traffic. The pads are ideal for ground lease opportunities, offering a unique chance to establish a strong retail presence in a high-demand area. The property's strategic placement within the Delta Park Shopping Center ensures a robust customer base and significant potential for growth. Detailed information regarding pricing and lease terms is available upon request. This is a rare opportunity to secure a prominent location in a bustling retail center. Don't miss out on this chance to establish your business in a prime North Portland location.

    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
    -122.68
    Latitude
    45.5929

    Comparable in this City

    • Value Estimation by Request

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      1321-1339 Hayden Island Dr

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      1405 Jantzen Beach Ctr

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      743,227 SF

      Center Ave

      Restaurants • 743,227 SF
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      6719 Maryland Ave

      Land
      6719 Maryland Ave, Portland, OR 97217
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      9,604 SF

      2056 Lombard St

      Flex space • 9,604 SF
      2056 Lombard St, Portland, OR 97217
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    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      154,639 SF

      Delta Park Center Retail Pads

      Portland, OR: Prime Retail Land Available
      1223 Hayden Meadows Dr, Portland, OR 97217
      View Details
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      6,700 SF

      Retail Space at Harbor Shops

      Retail space at Oregon's gateway interchange on I-5.
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      Retail Space with Lombard Access

      Retail property with great visibility and flexible lease terms.
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      Retail Space at Harbor Shops

      Retail space in premier Oregon shopping center for rent.
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      Retail Space in Jantzen Beach

      Retail space available in a large shopping center.
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      6,000 SF

      Retail Space in Janzen Beach

      Retail space available in a shopping center with freeway access.
      1555 N Tomahawk Island Dr, Portland, OR 97217
      View Details
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    1223 Hayden Meadows Dr
    Portland, OR 97217
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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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