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    10412 Division St Portland, OR 97266
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    Property profile & analytics

    10412 Division St Portland, OR 97266

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    • Commercial real estate
    • 0.72 lot acres
    Off-Market
    Property ID
    US71-0082801
    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

    • Commercial real estate

    Property Details for 10412 Division St

    Lot size
    0.72 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.72-acre property, located at 10412 SE Division St, Portland, OR 97266, presents a unique redevelopment opportunity. Comprising two separate 0.36-acre tax lots (10412 and 10422 SE Division St), this land offers 33,000 square feet of raw space zoned RM1, ideal for multifamily development. The RM1 zoning permits a variety of housing options, including duplexes, triplexes, rowhouses, and small apartment complexes. Situated a mere third of a mile from the I-205 interchange, this location provides convenient access to major transportation routes and local amenities. The existing house on 10422 SE Division St has been demolished at the seller's expense to streamline the development process for potential buyers. Preliminary plans for a townhouse development are available upon request. The asking price is $820,000, translating to $26.15 per square foot. This is a rare chance to acquire a highly desirable development site in a thriving Portland neighborhood. Potential buyers are encouraged to conduct their own due diligence and contact the City of Portland for further information. Offers should be submitted using OREF forms and addressed to Y & S DIVISION ST LLC.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.556351
    Latitude
    45.503882

    Comparable in this City

    • $345,000

      Foster Corridor Mixed-Use Development Site

      10,722 SF CM3 zoned land in Portland's Foster Corridor.
      9639 SE Foster Rd, Portland, OR 97266
      View Details
    • $875,000

      Development Opportunity Near Division Street

      Development property with income potential near Division Street and Trimet.
      2737 SE 115Th Ave, Portland, OR 97266
      View Details
    • $925,000
      1,300 SF

      Three Detached Homes on Large Lot

      Three detached homes on a large lot with secured parking.
      8413 Southeast Insley St, Portland, OR 97266
      View Details
    • $698,000
      4,500 SF

      Mixed-Use Investment Opportunity, Portland

      Mixed-use property with development potential in Portland, Oregon.
      8325 SE Division St, Portland, OR 97266
      View Details
    • New
      $5,499,900
      14,018 SF

      Completed Cottage Cluster in Portland

      15-unit multifamily property in Portland's Powellhurst Gilbert neighborhood.
      3246 SE 115Th Ave, Portland, OR 97266
      View Details
    • $899,000
      0.22 Acres

      Three Detached Homes on Large Lot

      Three homes on a large lot with secured parking.
      8421 SE Insley St, Portland, OR 97266
      View Details

    Similar Nearby for Sale

    • $345,000

      Foster Corridor Mixed-Use Development Site

      10,722 SF CM3 zoned land in Portland's Foster Corridor.
      9639 SE Foster Rd, Portland, OR 97266
      View Details
    • $875,000

      Development Opportunity Near Division Street

      Development property with income potential near Division Street and Trimet.
      2737 SE 115Th Ave, Portland, OR 97266
      View Details
    • $925,000
      1,300 SF

      Three Detached Homes on Large Lot

      Three detached homes on a large lot with secured parking.
      8413 Southeast Insley St, Portland, OR 97266
      View Details
    • $698,000
      4,500 SF

      Mixed-Use Investment Opportunity, Portland

      Mixed-use property with development potential in Portland, Oregon.
      8325 SE Division St, Portland, OR 97266
      View Details
    • New
      $5,499,900
      14,018 SF

      Completed Cottage Cluster in Portland

      15-unit multifamily property in Portland's Powellhurst Gilbert neighborhood.
      3246 SE 115Th Ave, Portland, OR 97266
      View Details
    • $899,000
      0.22 Acres

      Three Detached Homes on Large Lot

      Three homes on a large lot with secured parking.
      8421 SE Insley St, Portland, OR 97266
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Outdoor Storage Site For Rent

      Premier industrial outdoor storage site with I-205 and PDX access.
      5305 NE 115Th Ave, Portland, OR 97266
      View Details
    • Contact for pricing
      21,239 SF

      Division Street Retail Space Available

      Retail space for lease in vibrant Portland location.
      11906-121 SE Division St, Portland, OR 97266
      View Details
    • $15 SF/Yr

      Class A Office Sublease Portland

      Class A office space for sublease in SE Portland.
      2600 SE 98Th Ave, Portland, OR 97266
      View Details
    • Contact for pricing
      15,960 SF

      Commercial Space on Foster Road

      Commercial space available for rent on SE Foster Road.
      11411-11603 SE Foster Rd, Portland, OR 97266
      View Details
    • Contact for pricing

      Warehouse Space with Fenced Yard

      Warehouse space featuring a fenced and lighted yard area.
      10735 SE Foster Rd, Portland, OR 97266
      View Details
    • Contact for pricing

      Office and Education Space Available

      Modern office and education space available for lease.
      2600 SE 98Th Ave, Portland, OR 97266
      View Details
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    10412 Division St
    Portland, OR 97266
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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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