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

    10205 SW Park Way Portland, OR 97225

    • Bars
    • 3,120 SF
    • 0.69 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0923452
    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

    • Indulge Espresso / Coffee Shop
    • pollos aguilar taqueria / Mexican Restaurant
    • Infiniti's Sunset Strip / Restaurant
    • Sunset Strip / Bar / Adult Entertainment Club

    Property Details for 10205 SW Park Way

    Year built
    1970
    Lot size
    0.69 lot acres
    Property size
    3,120 SF
    Zone code
    BUS
    Property type
    Bars
    Property subtype
    Pubs
    APN
    1S102CC-00100
    APU
    1S102CC00100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,472,000
      Market price range: $602k - $1.54M
      AI Estimate
      $1,472,000
      Market price range: $602k - $1.54M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,070,000
      Current use
      AUTO REPAIR, GARAGE
      $955,000
      Change: -11% Conversion: Difficult
      MEDICAL BUILDING
      $940,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $935,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $900,000
      Change: -16% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $900,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.781
    Latitude
    45.5081
    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
    $11,305
    $0.00
    $0.00
    $626,650
    -
    $760,750
    $207,010
    $967,760

    Comparable in this City

    • Value Estimation
      $935,000
      5,039 SF

      6835 Beaverton Hillsdale Hwy

      BAR, TAVERN • 5,039 SF
      6835 Beaverton Hillsdale Hwy, Portland, OR 97225-1407
      View Details
    • Value Estimation
      $725,000
      2,450 SF

      4495 Scholls Fry Rd

      BAR, TAVERN • 2,450 SF
      4495 Scholls Fry Rd, Portland, OR 97225-1940
      View Details
    • Value Estimation
      $3,555,000
      9,526 SF

      6750 Beaverton Hillsdale Hwy

      BAR, TAVERN • 9,526 SF
      6750 Beaverton Hillsdale Hwy, Portland, OR 97225-1406
      View Details
    • Value Estimation
      $890,000
      1,800 SF

      6830 Beaverton Hillsdale Hwy

      RESTAURANT • 1,800 SF
      6830 Beaverton Hillsdale Hwy, Portland, OR 97225-1408
      View Details
    • Value Estimation
      $755,000
      1,776 SF

      7000 Beaverton Hillsdale Hwy

      RESTAURANT • 1,776 SF
      7000 Beaverton Hillsdale Hwy, Portland, OR 97225-2004
      View Details
    • Value Estimation
      $1,545,000
      8,000 SF

      11500 Choban Ln

      RESTAURANT • 8,000 SF
      11500 Choban Ln, Portland, OR 97225
      View Details

    Similar Nearby for Sale

    • $1,950,000
      4,000 SF

      Restaurant/Retail Building with Patio

      4,000 SF building with commercial kitchen and outdoor patio.
      10205 SW Park Way, Portland, OR 97225
      View Details
    • $400,000
      2,584 SF

      Raleigh Hills Commercial Property Opportunity

      Prime commercial property in Raleigh Hills with OC zoning.
      4575 SW Dogwood St, Portland, OR 97225
      View Details
    • $1,550,000
      2,540 SF

      Washington County Retail Building For Sale

      Retail building for sale in Washington County with high visibility.
      3230 SW 87Th Ave, Portland, OR 97225
      View Details
    • $2,500,000
      10,780 SF

      Portland Executive Office Building

      10,780 SF Office, Abundant Parking
      3395 Garden View Ave, Portland, OR 97225
      View Details
    • $3,500,000
      13,697 SF

      Well-Located Owner-User Office Property

      Office property with owner-user opportunity and rental income potential.
      9011 SW Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • $1,500,000
      5,300 SF

      Office Building in Portland, Oregon

      5,300 SF office building for sale in Portland.
      2365 SW Cedar Hills Blvd, Portland, OR 97225
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      140,821 SF

      Peterkort Centre: Executive Office Space

      Portland Office Space: Cafe/Deli Opportunity
      9755 Barnes Rd, Portland, OR 97225
      View Details
    • $25 SF/Yr
      140,821 SF

      Cafe/Deli Space in Office Park

      Ground-floor cafe/deli space for lease in office park.
      9755 SW Barnes Rd, Portland, OR 97225
      View Details
    • Contact for pricing
      88,535 SF

      Large Retail Space Available

      88,535 SF retail space in strong retail corridor.
      9800-10120 SE Washington St, Portland, OR 97225
      View Details
    • Contact for pricing
      1,457 SF

      Retail Space with Excellent Visibility

      Retail space for rent with abundant parking and storage.
      6663-6721 SW Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • $12 SF/Yr
      1,304 SF

      Retail Space with Highway Access

      Professionally managed retail space with convenient highway access.
      1450 SW Marlow Ave, Portland, OR 97225
      View Details
    • $25 SF/Yr
      3,305 SF

      Apple Way Corner Office Space

      Beaverton, OR: Prime Office Opportunity
      8540 Beaverton Hillsdale Hwy, Beaverton, OR 97225
      View Details
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    Portland, OR 97225
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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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