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

    10145 Washington Sq Rd Portland, OR 97223-4460

    • Automotive properties
    • 109,782 SF
    • 4.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1164327
    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

    • Automotive properties

    Property Details for 10145 Washington Sq Rd

    Lot size
    4.49 lot acres
    Property size
    109,782 SF
    Zone code
    MUC
    Property type
    Automotive properties
    APN
    1S135BA-00101
    APU
    1S135BA00101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $54,312,000
      Market price range: $18.8M - $54.3M
      AI Estimate
      $54,312,000
      Market price range: $18.8M - $54.3M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $33,520,000
      Current use
      RESTAURANT
      $37,595,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $33,160,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $32,960,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.778
    Latitude
    45.4452
    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
    $323,287
    $0.00
    $0.00
    $18,240,940
    -
    $5,255,340
    $27,549,150
    $32,804,490

    Comparable in this City

    • Value Estimation
      $13,260,000
      26,800 SF

      12000 66th Ave

      VEHICLE SALES, RENTALS • 26,800 SF
      12000 66th Ave, Portland, OR 97223-8574
      View Details
    • Value Estimation
      $26,105,000
      52,769 SF

      Portland, OR 97223

      VEHICLE SALES, RENTALS • 52,769 SF
      Portland, OR 97223
      View Details
    • Value Estimation
      $9,410,000
      27,774 SF

      11880 Pacific Hwy

      VEHICLE SALES, RENTALS • 27,774 SF
      11880 Pacific Hwy, Portland, OR 97223-8478
      View Details
    • Value Estimation by Request

      Portland, OR 97223

      RESIDENTIAL PARKING GARAGE
      Portland, OR 97223
      View Details
    • Value Estimation by Request

      Portland, OR 97223

      RESIDENTIAL PARKING GARAGE
      Portland, OR 97223
      View Details
    • Value Estimation by Request
      10 SF

      7525 Oleson Rd

      GAS STATION • 10 SF
      7525 Oleson Rd, Portland, OR 97223
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tigard Automotive Opportunity For Sale

      Automotive property in Tigard with five service bays.
      11646 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Investment Property For Sale

      Industrial investment property leased to Caliber Collision through May 2027.
      10925 SW Greenburg Rd, Portland, OR 97223
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      Tigard Retail Investment Opportunity

      Multi-tenant retail property with development potential in Tigard, Oregon.
      11642 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • $4,010,000
      10,470 SF

      Retail Property in Portland, Oregon

      Retail property available for sale in Portland, Oregon.
      10765 SW Greenburg Rd, Portland, OR 97223
      View Details
    • Contact for pricing

      Tigard Triangle Class A Office

      Class A office building in desirable Tigard Triangle location.
      7357 SW Beveland St, Tigard, OR 97223
      View Details
    • Contact for pricing
      7,166 SF

      Retail Property in Tigard, Oregon

      Retail property with 7,166 square feet of space.
      11995-11999 SW Pacific Hwy, Tigard, OR 97223
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      36,270 SF

      Downtown Tigard Anchor Space Available

      Former Rite Aid location with ample parking in downtown Tigard.
      12080 Southwest Main St, Portland, OR 97223
      View Details
    • Contact for pricing
      2,385 SF

      Tigard Retail Outparcels: Prime Location

      High-traffic retail spaces available now.
      72nd Ave & Dartmouth St, Tigard, OR 97223
      View Details
    • $23 SF/Yr
      5,662 SF

      Retail Space in Ross Center

      Retail space available in well-located Portland shopping center.
      11211 SE 82Nd Ave, Portland, OR 97223
      View Details
    • Contact for pricing
      3,903 SF

      Retail Space Near Trader Joe's

      Retail space with high visibility near Trader Joe's.
      9345-9357 SE 82Nd Ave, Portland, OR 97223
      View Details
    • Contact for pricing
      2,400 SF

      Retail Pad with Drive-Thru Potential

      Retail space with drive-thru options available for lease.
      8860 SW Hall Blvd, Portland, OR 97223
      View Details
    • Contact for pricing
      4,814 SF

      Retail Space on Pacific Highway

      Retail space with high traffic and ample parking.
      11511-11535 SW Pacific Hwy, Tigard, OR 97223
      View Details
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    10145 Washington Sq Rd
    Portland, OR 97223-4460
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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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