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    1110 SW Salmon St Portland, OR 97205

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    1110 SW Salmon St Portland, OR 97205

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    • Medical Office Space
    • 2,017 SF
    • 0.11 lot acres
    For Lease
    $845,000
    View Listing →
    Retail Space with Office Rooms For Lease
    $845,000
    1,990 SF

    Retail Space with Office Rooms

    Retail space featuring reception area, office and conference rooms.

    1110 SW Salmon St, Portland, OR
    View Listing
    Property ID
    US71-0489164
    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

    • Muse Model Management / Marketing & Advertising / Employment Agency
    • 1110 SW Salmon St Parking / Parking Lot & Garage

    Property Details for 1110 SW Salmon St

    Year built
    1956
    Lot size
    0.11 lot acres
    Property size
    2,017 SF
    Zone code
    RXD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1S1E04AA 02800
    APU
    1S1E04AA02800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $844,000
      Market price range: $289k - $844k
      AI Estimate
      $844,000
      Market price range: $289k - $844k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $610,000
      Current use
      AUTO REPAIR, GARAGE
      $615,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $605,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $585,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $580,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.685
    Latitude
    45.5182
    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
    $12,893
    $0.00
    $0.00
    $487,010
    -
    $1,090,980
    $365,540
    $1,456,520

    Comparable in this City

    • Value Estimation
      $15,695,000
      60,352 SF

      800 13th Ave

      MEDICAL BUILDING • 60,352 SF
      800 13th Ave, Portland, OR 97205-1902
      View Details
    • Value Estimation
      $2,865,000
      20,000 SF

      837 11th Ave

      MEDICAL BUILDING • 20,000 SF
      837 11th Ave, Portland, OR 97205-2114
      View Details
    • Value Estimation
      $685,000
      2,520 SF

      1755 Madison St

      MEDICAL BUILDING • 2,520 SF
      1755 Madison St, Portland, OR 97205-1716
      View Details
    • Value Estimation
      $1,665,000
      11,608 SF

      1033 Yamhill St

      MEDICAL BUILDING • 11,608 SF
      1033 Yamhill St, Portland, OR 97205-2545
      View Details
    • Value Estimation by Request
      0.08 Acres

      808 Wi Sw 15th Ave

      MEDICAL BUILDING • 0.08 Acres
      808 Wi Sw 15th Ave, Portland, OR 97205
      View Details
    • Value Estimation
      $11,200,000
      78,148 SF

      821 11th Ave, Unit 837

      MEDICAL BUILDING • 78,148 SF
      821 11th Ave, Portland, OR 97205-2114
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,605 SF

      Redevelopment Opportunity in Central Business District

      Rare redevelopment opportunity in Portland's bustling retail core.
      731 SW Morrison St, Portland, OR 97205
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    • $1,075,000
      5,030 SF

      Portland Office Building For Sale

      Office building with strong occupancy and convenient location.
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      310 SF

      Remodeled Office Building For Sale

      Four-story office building with modern finishes and natural light.
      737 SW Vista Ave, Portland, OR 97205
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    • $2,230,000

      Historic Durham House Office Building

      Queen Anne Victorian office building with high visibility and long-term tenants.
      2138 SW Salmon St, Portland, OR 97205
      View Details
    • $1,099,000

      Eliot Tower Retail Condominium Unit

      Prime retail space with long-term tenant in downtown Portland.
      1237 Southwest 10Th Ave, Portland, OR 97205
      View Details
    • $185,000
      0.12 Acres

      Land in Arlington Heights Neighborhood

      Land with hiking trails access in a prime location.
      SW Champlain Dr, Portland, OR 97205
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    Similar Nearby for Lease

    • $28 SF/Yr

      Retail Space Near Providence Park

      First-generation retail space in Goose Hollow near Providence Park.
      1725 SW Salmon St, Portland, OR 97205
      View Details
    • Contact for pricing
      2,699 SF

      Medical Office Space Available

      Equipped medical office space with city views for lease.
      833 SW 11Th Ave, Portland, OR 97205
      View Details
    • Contact for pricing
      1,946 SF

      Modern Office Space Sublease

      Bright office space with new workstations and video conferencing equipment.
      921 SW Washington St, Portland, OR 97205
      View Details
    • Contact for pricing
      10,820 SF

      Office Space with Flexible Layout

      Office space featuring private offices, open workspace, and conference rooms.
      707 SW Washington St, Portland, OR 97205
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 800 SW 13th Ave.
      800 SW 13Th Ave, Portland, OR 97205
      View Details
    • Contact for pricing
      185,000 SF

      Office Building in Portland, Oregon

      185,000 sqft office building available for rent.
      621 SW Morrison St, Portland, OR 97205
      View Details
    View Listing
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    1110 SW Salmon St
    Portland, OR 97205
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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.

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    1110 SW Salmon St, Portland, OR, 97205

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