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

    1380 Multnomah St Portland, OR 97232

    • Commercial real estate
    • 4.53 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1565042
    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

    • Commercial real estate

    Property Details for 1380 Multnomah St

    Lot size
    4.53 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.53-acre development site, known as the Lloyd Superblock, presents a rare opportunity in Portland's vibrant Lloyd District. Located at 1380 NE Multnomah St, Portland, OR 97232, this property is the largest assemblage of prime real estate currently available in the Central City. Its strategic location places it blocks from significant developments like Hassalo on Eighth, creating a thriving 18-hour neighborhood. The area benefits from ongoing revitalization efforts encompassing Lloyd Center, Holladay Park, and the Hyatt Regency hotel. Excellent transit access is provided by a nearby TriMet MAX Light Rail stop, connecting to Portland's downtown and surrounding areas. The site is surrounded by a diverse array of amenities, attracting a significant millennial population and contributing to strong multifamily market performance. Zoned as Central Commercial (CXd), the Lloyd Superblock allows for new commercial structures up to 150 feet high, with potential bonuses reaching 225 feet. A base FAR of 9 is offered, with potential bonuses increasing this to 12 FAR. The site is part of Portland's Central City plan district, designed for high-density urban development. The property is offered "as-is, where-is," allowing for unique and individual development plans. This presents a unique investment opportunity in a high-demand location with significant potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.651535
    Latitude
    45.530769

    Comparable in this City

    • Contact for pricing
      18,000 SF

      Versatile Building with Flexible Zoning

      18,000 SF building with flexible zoning in urban renewal area.
      324 SE Grand Ave, Portland, OR 97232
      View Details
    • $1,650,000
      5,000 SF

      Speedy Glass Shop Portland

      High-return auto shop investment. Excellent tenant.
      1804 Broadway, Portland, OR 97232
      View Details
    • Contact for pricing
      56,175 SF

      Portland Warehouse Space For Sale

      56,175 SF warehouse space available in Portland, Oregon.
      2506 NE Multnomah St, Portland, OR 97232
      View Details
    • Contact for pricing

      Industrial Warehouse with Fenced Yard

      14,618 SF industrial warehouse with secure fenced storage yard.
      323 SE 7Th Ave, Portland, OR 97232
      View Details
    • $1,050,000
      9,000 SF

      NE Portland Development Opportunity

      9,000 SF development lot in a central location.
      233 NE Grand Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      15,000 SF

      NE Portland Development Opportunity

      Rare land opportunity in urban Portland with flexible zoning.
      3075 NE Sandy Blvd, Portland, OR 97232
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,000 SF

      Versatile Building with Flexible Zoning

      18,000 SF building with flexible zoning in urban renewal area.
      324 SE Grand Ave, Portland, OR 97232
      View Details
    • $1,650,000
      5,000 SF

      Speedy Glass Shop Portland

      High-return auto shop investment. Excellent tenant.
      1804 Broadway, Portland, OR 97232
      View Details
    • Contact for pricing
      56,175 SF

      Portland Warehouse Space For Sale

      56,175 SF warehouse space available in Portland, Oregon.
      2506 NE Multnomah St, Portland, OR 97232
      View Details
    • Contact for pricing

      Industrial Warehouse with Fenced Yard

      14,618 SF industrial warehouse with secure fenced storage yard.
      323 SE 7Th Ave, Portland, OR 97232
      View Details
    • $1,050,000
      9,000 SF

      NE Portland Development Opportunity

      9,000 SF development lot in a central location.
      233 NE Grand Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      15,000 SF

      NE Portland Development Opportunity

      Rare land opportunity in urban Portland with flexible zoning.
      3075 NE Sandy Blvd, Portland, OR 97232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Versatile Flex Space in Portland

      10,000 SF flex space with parking and upgrades.
      33 NE 6Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing

      Portland Creative Space with Flex

      Modern creative space with flex area in vibrant Portland neighborhood.
      541 NE 20Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      3,650 SF

      Portland Industrial Space for Lease

      3,650 SF Warehouse, Newly Renovated
      3630 20Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      6,124 SF

      Industrial Space Near Soho House

      6124 SF flex space with office and ample power.
      124 SE 11Th Ave, Portland, OR 97232
      View Details
    • $12 SF/Yr
      12,500 SF

      Prime Portland Warehouse Space

      12,500 SF Warehouse - Eastside Portland
      710 21St Ave, Portland, OR 97232
      View Details
    • $16 SF/Yr
      30,000 SF

      Portland Commissary Kitchen for Sale

      Prime Food Production Space Available
      2120 Oregon St, Portland, OR 97232
      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.
    1380 Multnomah St
    Portland, OR 97232
    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.