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

    10934 Simpson St Portland, OR 97220-1228

    • Warehouses
    • 7,200 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 28, 2020
    $650,000
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    8%
    Warehouses
    Location Intelligence
    Property ID
    US71-0051345
    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

    • Mayflower Auto Body & Truck Repair / Auto Body Shop
    • Tuff Guardian / Gas Logs Supplier

    Property Details for 10934 Simpson St

    Year built
    1942
    Lot size
    1.00 lot acres
    Property size
    7,200 SF
    Zone code
    IG2P
    Property type
    Warehouses
    APN
    1N2E15CD 00700
    APU
    1N2E15CD00700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $915,000
      6.5%
      $845,000
      7%
      $785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,171,000
      Market price range: $976k - $2.22M
      AI Estimate
      $1,171,000
      Market price range: $976k - $2.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.55
    Latitude
    45.5656
    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
    $8,578
    $0.00
    $0.00
    $340,340
    -
    $404,520
    $675,080
    $1,079,600

    Comparable in this City

    • Value Estimation by Request
      6.02 Acres

      6031 Wi Ne 92nd Dr

      WAREHOUSE, STORAGE • 6.02 Acres
      6031 Wi Ne 92nd Dr, Portland, OR 97220
      View Details
    • Value Estimation by Request
      0.14 Acres

      8752 Wi Ne Sandy Blvd

      WAREHOUSE, STORAGE • 0.14 Acres
      8752 Wi Ne Sandy Blvd, Portland, OR 97220
      View Details
    • Value Estimation
      $25,355,000
      121,756 SF

      12155 Airport Way

      WAREHOUSE, STORAGE • 121,756 SF
      12155 Airport Way, Portland, OR 97220-1083
      View Details
    • Value Estimation
      $8,145,000
      42,326 SF

      8303 Lombard St

      WAREHOUSE, STORAGE • 42,326 SF
      8303 Lombard St, Portland, OR 97220-4658
      View Details
    • Value Estimation
      $12,170,000
      39,440 SF

      8727 Marx Dr, Unit 8933

      WAREHOUSE, STORAGE • 39,440 SF
      8727 Marx Dr, Portland, OR 97220-1334
      View Details
    • Value Estimation
      $5,815,000
      29,285 SF

      10615 Marx St

      WAREHOUSE, STORAGE • 29,285 SF
      10615 Marx St, Portland, OR 97220
      View Details

    Similar Nearby for Sale

    • $2,400,000
      11,800 SF

      Portland Warehouse Investment Opportunity

      11,800 SF Industrial Property, $2.4M
      4938 109Th Ave, Portland, OR 97220
      View Details
    • $2,200,000
      9,360 SF

      Industrial Warehouse with Food Processing Area

      9,360 SF industrial warehouse with food processing and office space.
      10505-10527 NE Sandy Blvd, Portland, OR 97220
      View Details
    • Contact for pricing
      2,000 SF

      Industrial Property with Large Paved Lot

      2,000 SF industrial property with convenient highway access.
      11257 NE Sandy Blvd, 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
    • 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      17,250 SF

      Industrial Space Near Portland Airport

      Divisible industrial building with yard and convenient airport access.
      6221 NE 92Nd Dr, Portland, OR 97220
      View Details
    • $0.70 SF/Yr
      20,000 SF

      Portland Warehouse Space Available

      20,000 square feet of warehouse space for lease.
      8611-8611 N Columbia Blvd, Portland, OR 97220
      View Details
    • Contact for pricing
      12,418 SF

      Industrial Space in Airport Way

      Industrial space available for lease in Airport Way Business Park.
      6110-6132 NE 112Th Ave, Portland, OR 97220
      View Details
    • Contact for pricing
      9,420 SF

      Prime Multnomah County Industrial Space

      9,420 SF Office/Warehouse Available
      2324 82Nd Ave, Portland, OR 97220
      View Details
    • Contact for pricing
      6,995 SF

      Airport Way Flex/Industrial Space

      Flex/industrial space in Airport Way Business Park available for lease.
      6002-6026 NE 112Th Ave, Portland, OR 97220
      View Details
    • $0.75 SF/Yr
      50,000 SF

      Portland Warehouse with Dock Doors

      50,000 SF warehouse featuring dock doors and secure area.
      6855 NE 82Nd Ave, 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.
    10934 Simpson St
    Portland, OR 97220-1228
    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.