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    Property profile & analytics

    11929 Airport Way Portland, OR 97220

    • Hotels
    • 46,488 SF
    • 1.99 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US71-0890975
    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

    • Fairfield Inn & Suites Portland Airport / Hotel / Extended Stay Hotel
    • 11929 NE Airport Way Parking / Parking Lot

    Property Details for 11929 Airport Way

    Year built
    1996
    Lot size
    1.99 lot acres
    Property size
    46,488 SF
    Zone code
    EG2HSX
    Property type
    Hotels
    APN
    1N2E15DA 00600
    APU
    1N2E15DA00600

    Description

    This exceptional 2.12-acre commercial pad site is ideally located at 11929 NE Airport Way in Portland, Oregon, within Multnomah County (zip code 97220). The property is designated for single-tenant occupancy and presents a unique opportunity for businesses seeking a prominent location. With its expansive 2.12 acres, this land parcel offers significant development potential for a variety of commercial uses. The site's strategic location provides excellent visibility and accessibility, making it an attractive option for businesses aiming to establish a strong presence in the Portland market. The property is classified as commercial land, specifically a pad site, offering a blank canvas for custom development tailored to specific business needs. This is a single-tenant property, ensuring exclusive use and control. The total building square footage is currently listed as 1 square foot, indicating the land is undeveloped and ready for construction. Interested parties are encouraged to explore the possibilities this exceptional location offers. Its convenient access and ample space make it a highly desirable asset for businesses seeking growth and visibility in the vibrant Portland area. The property's coordinates are 45.5676384 latitude and -122.5404558 longitude. This is a for-lease opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.54
    Latitude
    45.5677
    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
    $139,386
    $0.00
    $0.00
    $6,143,480
    -
    $1,300,260
    $14,305,880
    $15,606,140

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    • Value Estimation by Request
      37,995 SF

      5019 102nd Ave

      HOTEL • 37,995 SF
      5019 102nd Ave, Portland, OR 97220-1199
      View Details

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    11929 Airport Way
    Portland, OR 97220
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    Realmo Value Estimation

    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.

    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.

    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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