Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    115 9th Ave Portland, OR 97214-1301
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 9th Ave Portland, OR 97214-1301

    View on Map
    • Retail space
    • 5,536 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US71-0847994
    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
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • T.E.A.M. Center / (Bike/Boat/Book/etc) Store / Photography Service

    Property Details for 115 9th Ave

    Year built
    1973
    Lot size
    0.16 lot acres
    Property size
    5,536 SF
    Zone code
    IG1
    Property type
    Retail space
    APN
    1N1E35CC 05000
    APU
    1N1E35CC05000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,412,000
      Market price range: $846k - $2.48M
      AI Estimate
      $1,412,000
      Market price range: $846k - $2.48M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,780,000
      Current use
      RESTAURANT
      $1,895,000
      Change: +6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,690,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $1,670,000
      Change: -6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,640,000
      Change: -8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,605,000
      Change: -10% Conversion: Easy
      OFFICE BUILDING
      $1,600,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.657
    Latitude
    45.5219
    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
    $9,073
    $0.00
    $0.00
    $342,390
    -
    $603,020
    $1,303,610
    $1,906,630

    Comparable in this City

    • Value Estimation by Request

      550 Martin Luther King Jr Blvd

      Restaurants
      550 Martin Luther King Jr Blvd, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.10 Acres

      3325 Wi Se Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      3325 Wi Se Hawthorne Blvd, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.02 Acres

      638 Wi E Burnside St

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      638 Wi E Burnside St, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.07 Acres

      1706 Wi E Burnside St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      1706 Wi E Burnside St, Portland, OR 97214
      View Details
    • Value Estimation
      $3,055,000
      20,000 SF

      1711 10th Ave, Unit 1751

      RETAIL STORES (PERSONAL SERVICES) • 20,000 SF
      1711 10th Ave, Portland, OR 97214-3571
      View Details
    • Value Estimation
      $5,700,000
      17,404 SF

      1740 M L King Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,404 SF
      1740 M L King Blvd, Portland, OR 97214-4553
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Historic Commercial Building

      Beautifully renovated historic building in desirable Southeast Portland location.
      1120 SE Madison St, Portland, OR 97214
      View Details
    • $725,000

      Buckman Retail Building with Parking

      Retail building in Buckman with parking and development potential.
      2003 SE Belmont St, Portland, OR 97214
      View Details
    • Contact for pricing

      Central Eastside Commercial Building

      Single-story commercial building in Portland's vibrant Central Eastside Business District.
      Portland, OR 97214
      View Details
    • Contact for pricing
      1,676 SF

      Creative Space with High Ceilings

      Creative office/retail space with open layout and natural light.
      216 NW 15Th Ave, Portland, OR 97214
      View Details
    • Contact for pricing
      16,630 SF

      Historic Hawthorne Masonic Building Space

      Landmark building with ballroom, ideal for events or creative office.
      3862 SE Hawthorne Blvd, Portland, OR 97214
      View Details
    • Contact for pricing
      4,000 SF

      Renovated Creative Space with Warehouse

      Renovated creative space with warehouse in vibrant Central Eastside.
      840 SE Washington St, Portland, OR 97214
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      700 SF

      Retail Space in Tourist District

      Prime location with kitchen infrastructure and sidewalk seating.
      1128 SW Alder St, Portland, OR 97214
      View Details
    • Contact for pricing
      1,133 SF

      Eastside Retail Space with Basement

      Move-in ready retail space in historic building with high visibility.
      900-916 SE Hawthorne Blvd, Portland, OR 97214
      View Details
    • Contact for pricing
      3,345 SF

      Hawthorne Retail Space For Rent

      Retail space in a new mixed-use development on Hawthorne.
      2390 SE Hawthorne Blvd, Portland, OR 97214
      View Details
    • Contact for pricing
      4,040 SF

      Renovated Warehouse Retail/Restaurant Space

      Renovated warehouse with retail, restaurant, and production spaces available.
      107 NE Grand Ave, Portland, OR 97214
      View Details
    • Contact for pricing
      1,107 SF

      Renovated Retail and Office Space

      Five-story building with retail and creative office spaces available.
      1003-1017 SW Washington St, Portland, OR 97214
      View Details
    • Contact for pricing
      8,500 SF

      Retail/Warehouse Building with Parking

      Freestanding retail/warehouse building with parking in Portland, Oregon.
      1617 E Burnside St, Portland, OR 97214
      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.
    115 9th Ave
    Portland, OR 97214-1301
    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!