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    Property profile & analytics

    1401 Division St Portland, OR 97202-1139

    • Investment properties
    • 2,556 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0817215
    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

    • Books with Pictures / (Bike/Boat/Book/etc) Store / Newspaper & Magazine
    • My Vinyl Underground / (Bike/Boat/Book/etc) Store
    • Short Box Food Carts / Restaurant
    • Underbite PDX / Take-out & Catering
    • Ramblin' Rose Vegan Soft Serve / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 1401 Division St

    Year built
    1927
    Lot size
    0.11 lot acres
    Property size
    2,556 SF
    Zone code
    CS
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1S1E02CD 08100
    APU
    1S1E02CD08100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $754,000
      Market price range: $415k - $1.02M
      AI Estimate
      $754,000
      Market price range: $415k - $1.02M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $745,000
      Current use
      RETAIL STORES
      $855,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $780,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $770,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $740,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.652
    Latitude
    45.505
    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
    $5,827
    $0.00
    $0.00
    $219,900
    -
    $637,000
    $187,440
    $824,440

    Comparable in this City

    • Value Estimation
      $1,110,000
      6,822 SF

      2007 Powell Blvd

      STORE/OFFICE (MIXED USE) • 6,822 SF
      2007 Powell Blvd, Portland, OR 97202-2344
      View Details
    • Value Estimation
      $1,260,000
      3,152 SF

      4111 28th Pl

      STORE/OFFICE (MIXED USE) • 3,152 SF
      4111 28th Pl, Portland, OR 97202-3515
      View Details
    • Value Estimation by Request
      0.11 Acres

      2606 Wi Se Gladstone St

      STORE/OFFICE (MIXED USE) • 0.11 Acres
      2606 Wi Se Gladstone St, Portland, OR 97202
      View Details
    • Value Estimation
      $690,000
      3,300 SF

      1717 Umatilla St

      STORE/OFFICE (MIXED USE) • 3,300 SF
      1717 Umatilla St, Portland, OR 97202-7320
      View Details
    • Value Estimation
      $1,445,000
      3,622 SF

      2625 21st Ave

      STORE/OFFICE (MIXED USE) • 3,622 SF
      2625 21st Ave, Portland, OR 97202-1167
      View Details
    • Value Estimation
      $790,000
      3,686 SF

      8325 17th Ave, Unit 8337

      STORE/OFFICE (MIXED USE) • 3,686 SF
      8325 17th Ave, Portland, OR 97202-7306
      View Details

    Similar Nearby for Sale

    • $1,650,000
      8,620 SF

      Commercial Building on SE Milwaukie

      Commercial building with live/work potential, to be vacated.
      4033 SE Milwaukie Ave, Portland, OR 97202
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on SE Division

      Retail space available for sale, approximately 4,500 square feet.
      4030-4040 SE Division St, Portland, OR 97202
      View Details
    • $815,000

      Retail Opportunity in Sellwood Neighborhood

      3,033 SF retail space in desirable SE Portland neighborhood.
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    • New
      $879,950

      New Portland Multifamily with ADU

      New construction multifamily property with ADU in Portland, Oregon.
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      26,372 SF

      Renovated Industrial Space For Lease

      Recently renovated industrial property with secured loading area available for lease.
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    • $1,650,000
      4,365 SF

      Freestanding Retail Building For Sale

      Freestanding retail building in the heart of Westmoreland.
      6716 SE Milwaukie Ave, Portland, OR 97202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Riverfront Office and Coworking Spaces

      Office and coworking spaces with beachfront views and natural light.
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      View Details
    • Contact for pricing

      Retail Space in Sellwood

      End-cap retail space in a high-traffic location.
      6212 SE Milwaukie Ave, Portland, OR 97202
      View Details
    • Contact for pricing
      3,080 SF

      Medical Space Available for Lease

      3,080 SF former medical space available for lease.
      7215 SE Milwaukie Ave, Portland, OR 97202
      View Details
    • Contact for pricing

      McLoughlin Frontage Retail/Industrial Opportunity

      High-traffic location suitable for retail or industrial businesses.
      Portland, OR 97202
      View Details
    • $30 SF/Yr
      1,600 SF

      Shell Condition Retail Sublease

      Sublease retail space with existing restaurant infrastructure.
      6543-6545 SE Milwaukie Ave, Portland, OR 97202
      View Details
    • Contact for pricing

      New Industrial Lofts in Portland

      Four new industrial lofts available in Southeast Portland's Brooklyn Neighborhood.
      2740 SE Long St, Portland, OR 97202
      View Details
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    1401 Division St
    Portland, OR 97202-1139
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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.

    More about this property
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