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    Property profile & analytics

    10735 NE Halsey St Portland, OR 97220

    • Retail space
    • 5,400 SF
    • 0.81 lot acres
    For Sale
    View listing
    $1,695,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0083766
    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

    • Paradise Found / (Bike/Boat/Book/etc) Store

    Property Details for 10735 NE Halsey St

    Year built
    1973
    Lot size
    0.81 lot acres
    Property size
    5,400 SF
    Zone code
    CSD
    Property type
    Retail space
    APN
    1N2E27CD 11300
    APU
    1N2E27CD11300

    Description

    This exceptional 5,000 square foot dispensary in Portland, Oregon, is offered for sale at $850,000. Located at 10735 NE Halsey St, in Multnomah County, zip code 97220, this single-story building boasts a prime location with high visibility and accessibility from two busy roads. The property includes ample parking with 20 spaces. The sale includes both retail and wholesale licenses, ensuring a seamless transition for the new owner. The property is currently leased under a NNN (Net, Net, Net) lease, generating positive income. The asking price equates to $170 per square foot. This owner/user investment opportunity presents a strong return on investment in a thriving market. The property is being sold by the owner. This is a turnkey operation ready for immediate ownership. The building is a single-story structure with 5,000 square feet of net rentable space. Don't miss this chance to acquire a profitable and established business in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,322,000
      Market price range: $959k - $2.32M
      AI Estimate
      $2,322,000
      Market price range: $959k - $2.32M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,620,000
      Current use
      RESTAURANT
      $1,850,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,650,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $1,630,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $1,560,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,460,000
      Change: -10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,435,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.552
    Latitude
    45.5338
    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
    $27,138
    $0.00
    $0.00
    $1,254,230
    -
    $709,200
    $1,024,870
    $1,734,070

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

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      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
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      View Details
    • Value Estimation by Request
      0.05 Acres

      11131 Wi Ne Halsey St

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      11131 Wi Ne Halsey St, Portland, OR 97220
      View Details
    • Value Estimation
      $35,165,000
      104,052 SF

      11633 Glenn Widing Dr

      RETAIL STORES (PERSONAL SERVICES) • 104,052 SF
      11633 Glenn Widing Dr, Portland, OR 97220-9048
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    • Value Estimation by Request
      180,632 SF

      1111 102nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 180,632 SF
      1111 102nd Ave, Portland, OR 97220-3902
      View Details
    • Value Estimation
      $26,500,000
      61,599 SF

      1222 102nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 61,599 SF
      1222 102nd Ave, Portland, OR 97220-3903
      View Details
    • Value Estimation
      $4,400,000
      17,440 SF

      610 102nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,440 SF
      610 102nd Ave, Portland, OR 97220-4003
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Complex on NE 82nd Avenue

      Two-building retail complex with long-term tenants and dedicated parking.
      1015-1033 NE 82Nd Ave, Portland, OR 97220
      View Details
    • $1,695,000
      5,400 SF

      Retail Space with Drive Thru

      Second-generation retail space with drive-thru on a large lot.
      10735 NE Halsey St, Portland, OR 97220
      View Details
    • $773,300
      1,849 SF

      Portland Retail with Drive-Through

      NNN leased retail in dense residential Portland neighborhood.
      3103 82Nd Ave NE, Portland, OR 97220
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      Auto Shop on Sandy Blvd

      Auto shop with lifts, paint booth, and billboard income.
      8850 NE Sandy Blvd, Portland, OR 97220
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      Sandy Blvd Auto Shop Investment

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      8850 Sandy Blvd, Portland, OR 97220
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      Net-Leased Restaurant in Prime Location

      Profitable net-leased restaurant with lease extended through 2031.
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    Similar Nearby for Lease

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      1,860 SF

      Retail Space Near Portland Airport

      Retail space in a vibrant mixed-use development near PDX.
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      Retail Space Near I-205

      Retail space with easy access to I-205 and bus lines.
      10625-10643 NE Sandy Blvd, Portland, OR 97220
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    • Contact for pricing
      15,583 SF

      Retail/Office Space in New Building

      Retail/office space in new construction building with high visibility.
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      Retail Space Near Medical Center

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      Retail Space in Gateway Center

      Retail space with high visibility and easy highway access.
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      Retail Space in Gateway Center

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      1307 NE 102Nd Ave, Portland, OR 97220
      View Details
    Request Owner's contact information
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    10735 NE Halsey St
    Portland, OR 97220
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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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