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

    10605 Thompson St Portland, OR 97220-3754

    • Assisted living facilities
    • 1,947 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0625747
    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

    • Assisted living facilities

    Property Details for 10605 Thompson St

    Year built
    1958
    Lot size
    0.32 lot acres
    Property size
    1,947 SF
    Zone code
    R7
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1N2E27CB 07600
    APU
    1N2E27CB07600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $509,000
      Market price range: $268k - $510k
      AI Estimate
      $509,000
      Market price range: $268k - $510k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $385,000
      Current use
      AUTO REPAIR, GARAGE
      $595,000
      Change: +55% Conversion: Difficult
      MEDICAL BUILDING
      $590,000
      Change: +53% Conversion: Difficult
      RETAIL STORES
      $585,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $565,000
      Change: +47% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $525,000
      Change: +37% Conversion: Difficult
      WAREHOUSE, STORAGE
      $395,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.553
    Latitude
    45.5389
    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
    $7,172
    $0.00
    $0.00
    $321,120
    -
    $246,250
    $444,770
    $691,020

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      8643 Wi Ne Beech St

      HOMES (RETIRED, NURSING) • 0.27 Acres
      8643 Wi Ne Beech St, Portland, OR 97220
      View Details
    • Value Estimation
      $2,905,000
      17,784 SF

      39 102nd Ave

      HOMES (RETIRED, NURSING) • 17,784 SF
      39 102nd Ave, Portland, OR 97220-4103
      View Details
    • Value Estimation
      $535,000
      3,876 SF

      3902 109th Ave

      HOMES (RETIRED, NURSING) • 3,876 SF
      3902 109th Ave, Portland, OR 97220-2610
      View Details
    • Value Estimation
      $8,455,000
      34,606 SF

      9750 Glisan St

      HOMES (RETIRED, NURSING) • 34,606 SF
      9750 Glisan St, Portland, OR 97220-4449
      View Details
    • Value Estimation
      $26,340,000
      191,451 SF

      8200 Sandy Blvd, Unit 8362

      HOMES (RETIRED, NURSING) • 191,451 SF
      8200 Sandy Blvd, Portland, OR 97220-4945
      View Details
    • Value Estimation by Request
      2,792 SF

      11838 Russell St

      HOMES (RETIRED, NURSING) • 2,792 SF
      11838 Russell St, Portland, OR 97220-1753
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Portland Office Building Investment Opportunity

      Value-add office building in Portland's Hazelwood neighborhood for sale.
      11703-11731 NE Glisan St, Portland, OR 97220
      View Details
    • Contact for pricing

      Equipped Food Processing Building

      Improved food processing building with freezer, cooler, hoods, parking.
      10527 NE Sandy Blvd, Portland, OR 97220
      View Details
    • New
      $124,900
      0.14 Acres

      Permit-Ready Lot in Portland

      0.14 acre daylight lot with permit ready plans.
      2715 NE 92Nd Ave, Portland, OR 97220
      View Details
    • $1,150,000
      3,200 SF

      Sandy Blvd Auto Shop Investment

      Portland Auto Shop - High Traffic Area
      8850 Sandy Blvd, Portland, OR 97220
      View Details
    • $3,950,000
      6,300 SF

      Net-Leased Restaurant in Prime Location

      Profitable net-leased restaurant with lease extended through 2031.
      930 SE Sandy Blvd, 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

    Similar Nearby for Lease

    • $18 SF/Yr
      12,037 SF

      Halsey Building Office Space

      Portland Office Building: 14 Suites Available
      8401 Halsey St, Portland, OR 97220
      View Details
    • 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
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    10605 Thompson St
    Portland, OR 97220-3754
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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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