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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1435 Killingsworth St Portland, OR 97217

    • Office space
    • 1,188 SF
    For Sale
    View listing
    $435,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0809851
    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

    • Office space

    Property Details for 1435 Killingsworth St

    Year built
    2012
    Property size
    1,188 SF
    Property type
    Office space
    Property subtype
    Retail space

    Description

    This exceptional 1,188-square-foot commercial space is ideally situated at 1435 N Killingsworth St in Portland, Oregon, within the vibrant 97217 zip code. This ground-floor unit offers a versatile layout perfect for a variety of uses, thanks to its CM3 zoning. The property includes a main 988-square-foot retail/office area and a 200-square-foot attached garage, providing ample space for operations and storage. Features include a dedicated office, storage room, and bathroom. Built in 2012, this Class B property is located in a modern mixed-use residential building and boasts a LEED Platinum certification, reflecting its commitment to sustainability. Its convenient location is adjacent to the N Killingsworth MAX station and a bus stop, ensuring excellent accessibility for both employees and customers. The asking price for this vacant property is $435,000. This presents a unique opportunity to acquire a well-located, versatile commercial space in a thriving Portland neighborhood. The property is categorized as a Creative Office, Storefront, and Traditional Office, offering flexibility for diverse business needs.

    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
    -122.68181204148
    Latitude
    45.562699801863

    Comparable in this City

    • $895,000
      2,168 SF

      Remodeled Building in Arbor Lodge

      Refreshed building in vibrant NoPo neighborhood with live-work potential.
      5819 N Greeley Ave, Portland, OR 97217
      View Details
    • $435,000
      1,188 SF

      Retail/Office Condo with Garage

      Ground floor retail/office condo with attached garage near MAX station.
      1435 N Killingsworth St, Portland, OR 97217
      View Details
    • $1,100,000
      3,447 SF

      Retail Opportunity in Alberta Core

      Retail property in a high-traffic, walkable Portland neighborhood.
      1701 NE Alberta St, Portland, OR 97217
      View Details
    • $1,135,000
      5,203 SF

      Retail Space Near Portland College

      Retail condominium with high ceilings and multiple entrances for sale.
      700-708 N Killingsworth St, Portland, OR 97217
      View Details
    • Contact for pricing
      5,040 SF

      Freestanding Industrial Building with Yard

      Industrial building with secure yard, convenient location, and flexible zoning.
      804 N Killingsworth Ct, Portland, OR 97217
      View Details
    • Contact for pricing

      Retail Building with Fenced Parking

      5,000 SF retail building with 10,000 SF parking lot.
      3347-3353 N Lombard St, Portland, OR 97217
      View Details

    Similar Nearby for Sale

    • $895,000
      2,168 SF

      Remodeled Building in Arbor Lodge

      Refreshed building in vibrant NoPo neighborhood with live-work potential.
      5819 N Greeley Ave, Portland, OR 97217
      View Details
    • $435,000
      1,188 SF

      Retail/Office Condo with Garage

      Ground floor retail/office condo with attached garage near MAX station.
      1435 N Killingsworth St, Portland, OR 97217
      View Details
    • $1,100,000
      3,447 SF

      Retail Opportunity in Alberta Core

      Retail property in a high-traffic, walkable Portland neighborhood.
      1701 NE Alberta St, Portland, OR 97217
      View Details
    • $1,135,000
      5,203 SF

      Retail Space Near Portland College

      Retail condominium with high ceilings and multiple entrances for sale.
      700-708 N Killingsworth St, Portland, OR 97217
      View Details
    • Contact for pricing
      5,040 SF

      Freestanding Industrial Building with Yard

      Industrial building with secure yard, convenient location, and flexible zoning.
      804 N Killingsworth Ct, Portland, OR 97217
      View Details
    • Contact for pricing

      Retail Building with Fenced Parking

      5,000 SF retail building with 10,000 SF parking lot.
      3347-3353 N Lombard St, Portland, OR 97217
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      2,500 SF

      Flexible Space in NE Portland

      High-quality office, retail, or industrial spaces with excellent access.
      4834 N Interstate Ave, Portland, OR 97217
      View Details
    • $28 SF/Yr
      1,072 SF

      Retail Space Near University

      Retail space with high visibility near the University of Portland.
      5300 N Lombard St, Portland, OR 97217
      View Details
    • $24 SF/Yr
      5,682 SF

      Hayden's Corner Retail Space

      Portland storefront, 1,450 SF available.
      1321-1339 Hayden Island Dr, Portland, OR 97217
      View Details
    • Contact for pricing
      1,557 SF

      Retail Space with Salon Features

      Retail space plumbed for hair salon with natural light.
      4150 N Williams Ave, Portland, OR 97217
      View Details
    • $2,200,000
      16,000 SF

      Retail Space Near I-5

      16,000 SF retail space with high visibility near I-5.
      900 N Tomahawk Island Dr, Portland, OR 97217
      View Details
    • Contact for pricing
      3,650 SF

      Freestanding Building in Prime Location

      Freestanding retail building with high ceilings and excellent access.
      4315 N Interstate Ave, Portland, OR 97217
      View Details
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    Portland, OR 97217
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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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