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    Property profile & analytics

    8401 Halsey St Portland, OR 97220

    • Office Properties & Spaces
    • 14,330 SF
    • 0.54 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $2,060,000
    Last Sale
    Mar 04, 2022
    $2,278,395
    Location Intelligence
    Property ID
    US71-0837560
    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

    • Burton Engineering / Civil Engineer
    • Emergency Dentist 24/7 / Dentist / Emergency Dental Service
    • Emergency Dental Care USA / Dentist / Emergency Dental Service
    • Wig Gallery / Wig Shop
    • The Wig Gallery / Wig Shop / Service Establishment

    Property Details for 8401 Halsey St

    Year built
    1979
    Lot size
    0.54 lot acres
    Property size
    14,330 SF
    Zone code
    CG
    Property type
    Office Properties & Spaces
    APN
    1N2E28CC 03700
    APU
    1N2E28CC03700

    Description

    The Halsey Building, located at 8401 NE Halsey St, Portland, OR 97220, offers 12,037 square feet of versatile office space. This two-story, Class C building, constructed in 1978 and renovated in 2007, features 14 suites ranging from 570 to 1,972 square feet, suitable for traditional, executive, medical, or creative office uses. The property sits on a 23,958 square foot lot and includes 42 parking spaces. Conveniently located in the Mall 205 submarket of Multnomah County, the building enjoys a corner location near several Tri-Met bus stops, providing easy access to public transportation. The surrounding Gateway neighborhood offers a variety of restaurants and retail options. The building is zoned commercial (APN: 1N2E28CC) and has undergone recent upgrades. Multiple tenancy is available. No elevators are present. This property presents a compelling opportunity for businesses seeking well-maintained office space in a vibrant Portland location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,385,000
      6.5%
      $2,425,000
      7%
      $2,160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,025,000
      Geo Method
      $2,180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,080,000
      Retail
      $2,235,000
      Mixed-Use
      $2,565,000
      Hospitality
      $2,045,000
      Educational
      $2,060,000
      Residential Income
      $2,260,000
      Energy
      $2,590,000
      Income-Based Land
      $2,505,000
      Food Service
      $2,615,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.576
    Latitude
    45.534
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,785
    $0.00
    $0.00
    $1,625,300
    -
    $1,299,930
    $1,182,500
    $2,482,430

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      OFFICE (GENERAL) • 30,801 SF
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      View Details

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    8401 Halsey St
    Portland, OR 97220
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    Realmo Value Estimation

    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.

    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.

    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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