Add Listing
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

    1130 22nd Ave Portland, OR 97210-2900

    • Medical Office Space
    • 77,130 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $23,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0844750
    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

    • Thomas Knowles, MD / Physician
    • Legacy Oregon Surgical - Good Samaritan / Medical Clinic
    • Heather Phillips, MSW, LCSW / Foster Care Service / Social Service Agency
    • Legacy Clinics Specialty Care / Medical Clinic
    • Blink Charging Station / Electric Vehicle Charging Station

    Property Details for 1130 22nd Ave

    Year built
    1987
    Lot size
    0.34 lot acres
    Property size
    77,130 SF
    Zone code
    RH
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1N1E33BA 04100
    APU
    1N1E33BA04100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,064,000
      Market price range: $11.1M - $32.3M
      AI Estimate
      $23,064,000
      Market price range: $11.1M - $32.3M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $23,295,000
      Current use
      RESTAURANT
      $26,415,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $25,650,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $23,895,000
      Change: +3% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $23,550,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $23,155,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $22,290,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.696
    Latitude
    45.5311
    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
    $300,558
    $0.00
    $0.00
    $11,353,080
    -
    $2,271,590
    $33,246,150
    $35,517,740

    Comparable in this City

    • Value Estimation
      $675,000
      1,822 SF

      2326 Lovejoy St

      MEDICAL BUILDING • 1,822 SF
      2326 Lovejoy St, Portland, OR 97210-3022
      View Details
    • Value Estimation
      $5,105,000
      14,438 SF

      2311 Northrup St, Unit 2327

      MEDICAL BUILDING • 14,438 SF
      2311 Northrup St, Portland, OR 97210-2994
      View Details
    • Value Estimation
      $17,080,000
      119,169 SF

      1010 22nd Ave, Unit 1040

      MEDICAL BUILDING • 119,169 SF
      1010 22nd Ave, Portland, OR 97210-3026
      View Details
    • Value Estimation
      $22,110,000
      121,544 SF

      2222 Lovejoy St

      MEDICAL BUILDING • 121,544 SF
      2222 Lovejoy St, Portland, OR 97210-3033
      View Details
    • Value Estimation
      $3,105,000
      10,282 SF

      1200 23rd Ave, Unit 1232

      MEDICAL BUILDING • 10,282 SF
      1200 23rd Ave, Portland, OR 97210-2906
      View Details
    • Value Estimation by Request
      326,547 SF

      1015 22nd Ave

      MEDICAL BUILDING • 326,547 SF
      1015 22nd Ave, Portland, OR 97210-3025
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      NW Portland Industrial Flex Building

      Industrial flex building in NW Portland with office and yard.
      2615 NW Street Helens Rd, Portland, OR 97210
      View Details
    • Contact for pricing
      18,751 SF

      Portland Flex Warehouse and Office

      18,751 SF flex warehouse with renovated office space.
      2187 Northwest Reed St, Portland, OR 97210
      View Details
    • New
      $1,399,500
      3,012 SF

      Nob Hill Fourplex with Office

      Portland fourplex with office space in desirable Nob Hill.
      2356 NW Westover Rd, Portland, OR 97210
      View Details
    • Contact for pricing
      6,750 SF

      Historic Nob Hill Commercial Asset

      Classic 1892 building in desirable Northwest District location.
      1133 NW 21St Ave, Portland, OR 97210
      View Details
    • $1,450,000
      3,247 SF

      Renovated Mixed-Use Building on 23rd

      Fully renovated, four-story mixed-use building in Portland's Alphabet District.
      919 NW 23Rd Ave, Portland, OR 97210
      View Details
    • $1,175,000
      3,033 SF

      Northwest Portland Live-Work Townhouse

      San Franciscan-style townhouse with commercial space in Northwest Portland.
      2419 NW Thurman St, Portland, OR 97210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,922 SF

      Retail and Fitness Space Available

      Retail and fitness spaces available for sale in Portland, OR.
      1431 SE 23Rd Ave, Portland, OR 97210
      View Details
    • $33 SF/Yr
      8,486 SF

      Lovejoy Medical Building Office Space

      Medical office space in renovated building near Good Samaritan Hospital.
      2525 Northwest Lovejoy St, Portland, OR 97210
      View Details
    • Contact for pricing

      Industrial Space with Office Buildout

      3,000 SF industrial space featuring offices and loading doors.
      3150 NW 31St Ave, Portland, OR 97210
      View Details
    • Contact for pricing

      Private Office Space for Rent

      Private open-plan workspace for 15 people with shared spaces.
      2175 NW Raleigh St, Portland, OR 97210
      View Details
    • Contact for pricing

      Functional Industrial Space on Front Avenue

      Industrial space with offices, showroom, dock and grade loading.
      2901 NW Front Ave, Portland, OR 97210
      View Details
    • Contact for pricing
      5,033 SF

      Office Space with Mountain Views

      Office space for lease with views of Mt. St. Helens.
      3077 NW Saint Helens Rd, Portland, OR 97210
      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.
    1130 22nd Ave
    Portland, OR 97210-2900
    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.
    Sign Up Successful!
    You now have access to more from Realmo!