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    Property profile & analytics

    10045 85th Ave, Unit 32 Portland, OR 97223-8883

    • Apartment buildings
    • 28,032 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    $7,455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0431589
    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

    • Apartment buildings

    Property Details for 10045 85th Ave

    Lot size
    1.54 lot acres
    Property size
    28,032 SF
    Zone code
    R-15
    Property type
    Apartment buildings
    APN
    1S135AA-00102
    APU
    1S135AA00102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,453,000
      Market price range: $4.46M - $11.1M
      AI Estimate
      $7,453,000
      Market price range: $4.46M - $11.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,455,000
      Current use
      RESTAURANT
      $9,600,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,560,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $8,465,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $8,415,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,140,000
      Change: +9% Conversion: Moderate
      OFFICE BUILDING
      $8,100,000
      Change: +9% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.764
    Latitude
    45.4472
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $880,000
    $4,798,880
    $5,678,880

    Comparable in this City

    • Value Estimation by Request
      7.89 Acres

      13456 Hawks Beard St, Unit T1932

      APARTMENT HOUSE (100+ UNITS) • 7.89 Acres
      13456 Hawks Beard St, Portland, OR 97223-1912
      View Details
    • Value Estimation by Request
      0.28 Acres

      10265 85th Ave, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 0.28 Acres
      10265 85th Ave, Portland, OR 97223-5800
      View Details
    • Value Estimation by Request
      0.54 Acres

      7855 74th Ave

      APARTMENT HOUSE (5+ UNITS) • 0.54 Acres
      7855 74th Ave, Portland, OR 97223-9513
      View Details
    • Value Estimation
      $19,480,000
      122,508 SF

      12850 Ash Ave, Unit 438

      APARTMENT HOUSE (100+ UNITS) • 122,508 SF
      12850 Ash Ave, Portland, OR 97223-6082
      View Details
    • Value Estimation
      $7,330,000
      46,080 SF

      8585 Pfaffle St, Unit 9

      APARTMENT HOUSE (5+ UNITS) • 46,080 SF
      8585 Pfaffle St, Portland, OR 97223-2405
      View Details
    • Value Estimation by Request
      1.63 Acres

      9920 Swn Dakota St, Unit 36

      APARTMENT HOUSE (5+ UNITS) • 1.63 Acres
      9920 Swn Dakota St, Portland, OR 97223-7609
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,600 SF

      Tigard Apartments with Private Backyards

      Twelve-unit apartment community in Tigard, Oregon with desirable layouts.
      12437 SW Hall Blvd, Tigard, OR 97223
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      Development Site in Tigard QOZ

      Planned 182-unit workforce housing development site in Tigard, Oregon.
      12390 Southwest Knoll Dr, Tigard, OR 97223
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      2,204 SF

      Tigard Duplex Investment Opportunity

      One-level duplex in Tigard, Oregon, with development potential.
      12380 SW Walnut St, Portland, OR 97223
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      113,934 SF

      Tigard Development Site in Opportunity Zone

      Planned 182-unit workforce housing site near future light rail.
      12390 SW Knoll Dr, Tigard, OR 97223
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    • $1,075,000
      2,630 SF

      Renovated Office Building For Sale

      Fully renovated office building with ample parking and excellent visibility.
      12555 SW Hall Blvd, Tigard, OR 97223
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      Commercial Land Near Highway 217

      Commercial land with excellent transit access near Highway 217.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Big Boxes For Lease

      Three retail big box spaces available for lease.
      10100 SE Washington St, Portland, OR 97223
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      Retail Space For Lease

      Retail space available for lease.
      11642 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing
      831 SF

      Portland Office Space For Rent

      Office space available for lease in Portland, Oregon.
      7110 SW Fir Loop, Portland, OR 97223
      View Details
    • $33 SF/Yr

      Tigard Office Space For Rent

      Office space in desirable Tigard location with parking.
      13535 SW 72Nd Ave, Tigard, OR 97223
      View Details
    • Contact for pricing
      3,600 SF

      Industrial Space with Great Power

      Industrial space featuring ample parking and convenient highway access.
      9380-9399 SW Tigard St, Portland, OR 97223
      View Details
    • $24 SF/Yr
      40,250 SF

      Class A Office Space Available

      40,250 sq ft of Class A office space for lease.
      6600 SW Hampton St, Portland, OR 97223
      View Details
    Request Owner's contact information
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    10045 85th Ave, Unit 32
    Portland, OR 97223-8883
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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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