Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    10130 NE Sandy Blvd Portland, OR 97220

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10130 NE Sandy Blvd Portland, OR 97220

    View on Map
    • Office properties & Spaces
    • 7,540 SF
    • 0.97 lot acres
    For Lease
    $2,980,000
    View Listing →
    Freestanding Building with Drive-Thru For Lease
    $2,980,000
    14,219 SF

    Freestanding Building with Drive-Thru

    Prime corner location with excellent visibility and accessibility.

    10130 NE Sandy Blvd, Portland, OR
    View Listing
    Property ID
    US71-0595879
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 10130 NE Sandy Blvd

    Year built
    1968
    Lot size
    0.97 lot acres
    Property size
    7,540 SF
    Zone code
    CGH
    Property type
    Office properties & Spaces
    APN
    1N2E21AD 00100
    APU
    1N2E21AD00100

    Description

    This exceptional redevelopment opportunity presents a 7,540 square foot, vacant, two-story building situated on a 0.97-acre lot in Portland, Oregon. The property, built in 1970, is zoned CM2 and boasts a highly desirable drive-thru lane – a rare and valuable asset in Portland's competitive market. The former Bank of America location is ideally positioned at 10130 NE Sandy Blvd, 97220, offering excellent visibility and accessibility. Its strategic location near Interstate 205 and Portland International Airport (PDX) ensures high traffic volume and exposure to a diverse customer base. The property's size and existing infrastructure provide a solid foundation for a variety of redevelopment projects, catering to businesses that benefit from a drive-thru option, such as quick-service restaurants (QSR) or similar retail ventures. The asking price is $3,395,000, representing a compelling investment opportunity for those seeking to capitalize on Portland's thriving commercial real estate market. The property is offered fee simple. This is a unique chance to acquire a property with a rare drive-thru feature in a high-traffic area with excellent access to major transportation arteries.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,979,000
      Market price range: $866k - $2.98M
      AI Estimate
      $2,979,000
      Market price range: $866k - $2.98M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,035,000
      Current use
      RESTAURANT
      $2,580,000
      Change: +27% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,300,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $2,275,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $2,265,000
      Change: +11% Conversion: Easy
      OFFICE BUILDING
      $2,180,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,005,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.558
    Latitude
    45.5587
    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
    $36,512
    $0.00
    $0.00
    $1,634,840
    -
    $2,322,160
    $1,099,970
    $3,422,130

    Comparable in this City

    • Value Estimation
      $8,450,000
      42,000 SF

      5933 Win Sivers Dr

      OFFICE (GENERAL) • 42,000 SF
      5933 Win Sivers Dr, Portland, OR 97220-9056
      View Details
    • Value Estimation
      $7,280,000
      47,083 SF

      305 102nd Ave

      OFFICE (GENERAL) • 47,083 SF
      305 102nd Ave, Portland, OR 97220-4161
      View Details
    • Value Estimation
      $650,000
      2,720 SF

      4707 102nd Ave, Unit 4721

      OFFICE (GENERAL) • 2,720 SF
      4707 102nd Ave, Portland, OR 97220-3393
      View Details
    • Value Estimation
      $1,150,000
      10,000 SF

      4814 107th Ave

      OFFICE (GENERAL) • 10,000 SF
      4814 107th Ave, Portland, OR 97220-2573
      View Details
    • Value Estimation
      $1,025,000
      3,802 SF

      12105 Prescott St

      OFFICE (GENERAL) • 3,802 SF
      12105 Prescott St, Portland, OR 97220-1439
      View Details
    • Value Estimation
      $4,590,000
      30,801 SF

      8383 Sandy Blvd

      OFFICE (GENERAL) • 30,801 SF
      8383 Sandy Blvd, Portland, OR 97220-4948
      View Details

    Similar Nearby for Sale

    • New
      $599,000
      2,318 SF

      Unique Portland Multi-Family Property

      Two-level house with shop, office, and RV hookup.
      4555 NE 119Th Ave, Portland, OR 97220
      View Details
    • Contact for pricing

      Standalone Building in Gateway Submarket

      Standalone building suitable for office, education, or religious use.
      1230 NE 106Th Ave, Portland, OR 97220
      View Details
    • $3,825,000
      23,777 SF

      Portland Warehouse with Office Space

      23,777 SF Portland commercial property with warehouse and office.
      8900 NE Lombard St, Portland, OR 97220
      View Details
    • $3,000,000
      8,876 SF

      Creative Office Building with Parking

      Office building with creative space, storage, and on-site parking.
      8725 NE Emerson St, Portland, OR 97220
      View Details
    • $1,100,000
      4,766 SF

      Commercial Building in Gateway District

      4,766 SF commercial building in Portland's Gateway District.
      11702 NE Halsey St, Portland, OR 97220
      View Details
    • $495,000
      2,304 SF

      Retail/Office/Live-Work Space Available

      Well-maintained commercial building suitable for retail, office, or live-work use.
      4916 NE 100Th Ave, Portland, OR 97220
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Portland, Oregon.
      7700 NE Ambassador Pl, Portland, OR 97220
      View Details
    • Contact for pricing

      Medical Office Space in Plaza

      Medical office space for lease in Northeast Portland's Gateway.
      10373 NE Hancock St, Portland, OR 97220
      View Details
    • Contact for pricing

      Class A Office Near Airport

      LEED Gold certified office space in Cascade Station.
      9600 NE Cascades Pkwy, Portland, OR 97220
      View Details
    • Contact for pricing
      1,512 SF

      Office Space Near Gateway Station

      Office space for lease near Gateway Transit Station in Portland.
      10112-10120 NE Halsey St, Portland, OR 97220
      View Details
    • Contact for pricing

      Multi-Tenant Office Complex For Rent

      Five-building office complex with parking and transit access in Gateway.
      121-151 NE 102Nd Ave, Portland, OR 97220
      View Details
    • $26 SF/Yr
      18,006 SF

      Office Space Near Airport

      Office space with immediate access to I-205.
      7700 Northeast Ambassador Pl, Portland, OR 97220
      View Details
    View Listing
    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.
    10130 NE Sandy Blvd
    Portland, OR 97220
    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

    Thank You for Inquiry
    10130 NE Sandy Blvd, Portland, OR, 97220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!