Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10325 Hancock St Portland, OR 97220-3833

    • Apartment buildings
    • 40,168 SF
    • 2.07 lot acres
    OFF-MARKET
    Value Estimations
    $8,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0930163
    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

    • Hancock East / Apartment Building
    • BACALLAO TRANPORT / Corporate Office

    Property Details for 10325 Hancock St

    Year built
    1967
    Construction
    FRAME
    Lot size
    2.07 lot acres
    Property size
    40,168 SF
    Zone code
    R1D
    Property type
    Apartment buildings
    APN
    1N2E27CC 03900
    APU
    1N2E27CC03900

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,222,000
      Market price range: $6.39M - $15.9M
      AI Estimate
      $8,222,000
      Market price range: $6.39M - $15.9M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $10,680,000
      Current use
      AUTO REPAIR, GARAGE
      $12,265,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $12,135,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $12,060,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $11,610,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $10,850,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.557
    Latitude
    45.5368
    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
    $67,354
    $0.00
    $0.00
    $3,015,850
    -
    $2,254,230
    $3,248,730
    $5,502,960

    Comparable in this City

    • Value Estimation
      $6,985,000
      33,652 SF

      11211 Weidler St

      APARTMENT HOUSE (5+ UNITS) • 33,652 SF
      11211 Weidler St, Portland, OR 97220-1978
      View Details
    • Value Estimation
      $2,730,000
      7,148 SF

      10934 Wygant St

      APARTMENT HOUSE (5+ UNITS) • 7,148 SF
      10934 Wygant St, Portland, OR 97220-2561
      View Details
    • Value Estimation
      $5,955,000
      24,000 SF

      11359 Halsey St

      APARTMENT HOUSE (5+ UNITS) • 24,000 SF
      11359 Halsey St, Portland, OR 97220-2095
      View Details
    • Value Estimation
      $1,660,000
      4,896 SF

      8513 Sandy Blvd, Unit 8531

      APARTMENT HOUSE (5+ UNITS) • 4,896 SF
      8513 Sandy Blvd, Portland, OR 97220-4950
      View Details
    • Value Estimation
      $550,000
      1,392 SF

      10329 Prescott St

      APARTMENT HOUSE (5+ UNITS) • 1,392 SF
      10329 Prescott St, Portland, OR 97220
      View Details
    • Value Estimation
      $2,065,000
      9,072 SF

      4125 82nd Ave, Unit 4151

      APARTMENT HOUSE (5+ UNITS) • 9,072 SF
      4125 82nd Ave, Portland, OR 97220-4910
      View Details

    Similar Nearby for Sale

    • $125,000

      East Portland Condo Near Transit

      Convenient condo in central East Portland, ideal for living or investment.
      737 NE 99Th Ave, Portland, OR 97220
      View Details
    • New
      $500,000
      3,370 SF

      Portland Multifamily Investment Opportunity

      Fully rented triplex with long-term tenants in Portland, Oregon.
      1335 NE 119Th Ave, Portland, OR 97220
      View Details
    • New
      $875,000
      4,320 SF

      Portland Fourplex with Balconies

      Fully rented fourplex in Portland, Oregon, built in 2005.
      4724 NE 101St Ave, Portland, OR 97220
      View Details
    • Contact for pricing

      Boutique Motel Near Airport

      Excellent condition motel, conversion potential, near Portland International Airport.
      11942 NE Sandy Blvd, Portland, OR 97220
      View Details
    • $559,950
      1,974 SF

      Portland Multifamily Investment Opportunity

      Multifamily property with positive cash flow potential in Portland.
      4840 NE 99Th Ave, Portland, OR 97220
      View Details
    • New
      $489,900
      0.24 Acres

      Renovated Duplex in NE Portland

      Turnkey duplex with cash-flow potential near MAX Blue Line.
      12030 NE Holladay St, Portland, OR 97220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Portland Airport Way Pad Site

      Prime 2.12-Acre Commercial Land
      11929 Airport Way, Portland, OR 97220
      View Details
    • Contact for pricing
      30,000 SF

      Portland Industrial Warehouse - 30,000 SF

      Prime Portland warehouse, ideal for diverse industrial uses.
      10103 Marx St, Portland, OR 97220
      View Details
    • $1.80 SF/Yr
      11,500 SF

      Secured Land Near PDX Airport

      Gated commercial land with easy access to the airport.
      5241 NE 89Th Ave, Portland, OR 97220
      View Details
    • Contact for pricing
      10,488 SF

      Flex Space in Airport Way

      Flex space available in a six-building business park.
      6030-6046 NE 112Th Ave, Portland, OR 97220
      View Details
    • $20 SF/Yr
      13,733 SF

      Available Office Space Near Airport

      13,733 sq. ft. office space with excellent access.
      11729 NE Glenn Widing Dr, Portland, OR 97220
      View Details
    • Contact for pricing
      12,008 SF

      Spacious Office with High Ceilings

      Open layout office space with parking and signage available for lease.
      10302 NE Sandy Blvd, Portland, OR 97220
      View Details
    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.
    10325 Hancock St
    Portland, OR 97220-3833
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.