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

    1425 Clay St Portland, OR 97201-6008

    • Apartment buildings
    • 11,916 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $3,435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0989501
    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

    • Grandview Apartments / Apartment Building
    • The Zeno / Apartment Building

    Property Details for 1425 Clay St

    Year built
    1908
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    11,916 SF
    Zone code
    RHS
    Property type
    Apartment buildings
    APN
    1S1E04AB 06200
    APU
    1S1E04AB06200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,434,000
      Market price range: $1.89M - $4.71M
      AI Estimate
      $3,434,000
      Market price range: $1.89M - $4.71M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,170,000
      Current use
      RESTAURANT
      $4,080,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,640,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $3,600,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $3,575,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $3,445,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,570,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.69
    Latitude
    45.5161
    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
    $33,352
    $0.00
    $0.00
    $1,259,820
    -
    $615,680
    $2,593,900
    $3,209,580

    Comparable in this City

    • Value Estimation by Request
      170,157 SF

      1111 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 170,157 SF
      1111 Jefferson St, Portland, OR 97201-3317
      View Details
    • Value Estimation
      $1,500,000
      3,978 SF

      2020 Broadway

      APARTMENT HOUSE (5+ UNITS) • 3,978 SF
      2020 Broadway, Portland, OR 97201-3176
      View Details
    • Value Estimation
      $2,470,000
      9,829 SF

      702 Broadway Dr

      APARTMENT HOUSE (5+ UNITS) • 9,829 SF
      702 Broadway Dr, Portland, OR 97201-3104
      View Details
    • Value Estimation
      $975,000
      3,904 SF

      36-38 Porter St

      APARTMENT HOUSE (5+ UNITS) • 3,904 SF
      36-38 Porter St, Portland, OR 97201
      View Details
    • Value Estimation
      $1,795,000
      7,144 SF

      16 Porter St

      APARTMENT HOUSE (5+ UNITS) • 7,144 SF
      16 Porter St, Portland, OR 97201-4856
      View Details
    • Value Estimation
      $1,240,000
      5,640 SF

      1225 Cardinell Dr

      APARTMENT HOUSE (5+ UNITS) • 5,640 SF
      1225 Cardinell Dr, Portland, OR 97201-3177
      View Details

    Similar Nearby for Sale

    • $224,900
      597 SF

      University Park Condo in Portland

      Move-in ready condo with parking, storage, and city views.
      1500 SW Park Ave, Portland, OR 97201
      View Details
    • $170,000
      756 SF

      Downtown Portland Condo with Views

      Top-floor corner unit with penthouse views in downtown Portland.
      1134 SW Jefferson St, Portland, OR 97201
      View Details
    • $359,000

      Updated Condo with City Views

      Updated condo with parking and amenities near PSU and transit.
      2221 SW 1St Ave, Portland, OR 97201
      View Details
    • $348,800

      Mid-Century Modern Townhouse in Portland

      Vintage 3-bedroom townhouse in Portland's arts and culture district.
      255 SW Harrison St, Portland, OR 97201
      View Details
    • $1,100,000
      2,130 SF

      Luxury Riverfront Condo with Views

      Updated condo with city, bridge, and river views in Portland.
      1920 S River Dr, Portland, OR 97201
      View Details
    • $289,999

      Goose Hollow Condo with Financing

      Two-level condo with seller financing, garage parking, and city views.
      1320 SW Hall St, Portland, OR 97201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,943 SF

      Prime Portland Executive Office Space

      Class A Office Suites, 1,819-4,138 SF
      1818 4Th Ave, Portland, OR 97201
      View Details
    • $25 SF/Yr
      9,226 SF

      Downtown Portland Retail/Office Space

      Prime University District Location, 6,777 SF Available
      1900 5Th Ave, Portland, OR 97201
      View Details
    • Contact for pricing
      6,466 SF

      Prime Office Space Available

      Office space for rent in a convenient location.
      1300 SW 6Th Ave, Portland, OR 97201
      View Details
    • Contact for pricing
      6,180 SF

      Downtown Portland Office Space Available

      Second floor office space in downtown Portland with amenities.
      1455 SW Broadway, Portland, OR 97201
      View Details
    • $24 SF/Yr
      3,220 SF

      Office Space with Private Courtyard

      Office space featuring large windows, courtyard, and high-visibility location.
      1420 SW Broadway, Portland, OR 97201
      View Details
    • Contact for pricing
      18,715 SF

      Office Space with River Views

      18,715 RSF office space with river and mountain views.
      1500 SW 1St Ave, Portland, OR 97201
      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.
    1425 Clay St
    Portland, OR 97201-6008
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.