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    Property profile & analytics

    1627 Alberta St Portland, OR 97211-5070

    • Retail space
    • 3,500 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0873871
    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

    • Alberta Street Black Heritage Markers: Donna Hammond / Tour Operator
    • phi. / Furniture & Home Goods / Home Decor Store
    • Julie Ruckman Hair Design / Hair Salon
    • Prop Dept. / Clothing Store
    • Mother of Earth Vintage / (Bike/Boat/Book/etc) Store

    Property Details for 1627 Alberta St

    Year built
    1909
    Lot size
    0.11 lot acres
    Property size
    3,500 SF
    Zone code
    CSH
    Property type
    Retail space
    APN
    1N1E23AB 20500
    APU
    1N1E23AB20500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $621,000
      Market price range: $621k - $1.51M
      AI Estimate
      $621,000
      Market price range: $621k - $1.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,010,000
      COMMERCIAL (GENERAL)
      $1,010,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.648
    Latitude
    45.5593
    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
    $1,088
    $0.00
    $0.00
    $41,070
    -
    $284,360
    $638,740
    $923,100

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      4709 Wi Ne Martin Luther King Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      4709 Wi Ne Martin Luther King Blvd, Portland, OR 97211
      View Details
    • Value Estimation
      $1,200,000
      4,000 SF

      4141 Marine Dr, Unit 4325

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      4141 Marine Dr, Portland, OR 97211-2135
      View Details
    • Value Estimation by Request
      2,130 SF

      728 Dekum St

      RETAIL STORES (PERSONAL SERVICES) • 2,130 SF
      728 Dekum St, Portland, OR 97211-3628
      View Details
    • Value Estimation
      $1,885,000
      4,377 SF

      2916 Alberta St Ste A

      RETAIL STORES (PERSONAL SERVICES) • 4,377 SF
      2916 Alberta St Ste A, Portland, OR 97211-7069
      View Details
    • Value Estimation by Request
      2,088 SF

      2805 Alberta St

      RETAIL STORES (PERSONAL SERVICES) • 2,088 SF
      2805 Alberta St, Portland, OR 97211-6350
      View Details
    • Value Estimation by Request
      2,500 SF

      1800 Alberta St, Unit 1808

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      1800 Alberta St, Portland, OR 97211-5804
      View Details

    Similar Nearby for Sale

    • New
      $30,875,000
      67,286 SF

      Portfolio of Multifamily and Retail

      Portfolio of 9 buildings with 121 units and retail.
      2425 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing

      Versatile Corner Office Building

      Multi-tenant office building in Woodlawn neighborhood with CM2 zoning.
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    • New
      $9,599,900
      22,241 SF

      New Multifamily Building with Retail

      32-unit apartment building with 2 retail spaces in Portland.
      2465 NE Alberta St, Portland, OR 97211
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    • Contact for pricing
      3,760 SF

      Retail Property with Upside Potential

      Retail property with existing revenue and proforma upside.
      4509-4511 SE Cesar E Chavez Blvd, Portland, OR 97211
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    • $5,195,000

      Prime NE MLK Blvd Opportunity

      1.54 AC site with 34,157 SF industrial warehouse.
      4401 NE Martin Luther King Blvd, Portland, OR 97211
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    Similar Nearby for Lease

    • Contact for pricing
      2,080 SF

      Renovated Retail and Office Space

      Recently renovated retail and creative office space for lease.
      2904 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing
      1,357 SF

      Retail Space with Natural Light

      Retail space featuring natural light and kitchenettes for rent.
      2001-2017 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing
      1,321 SF

      Retail Space in High-Traffic Area

      Retail space available in a New Seasons-anchored neighborhood center.
      3318-3334 NE Killingsworth St, Portland, OR 97211
      View Details
    • $2 SF/Yr
      1,430 SF

      Retail Space in Portland, Oregon

      Retail space available for lease in Portland, Oregon.
      4602 NE Killingsworth St, Portland, OR 97211
      View Details
    • Contact for pricing
      1,334 SF

      Retail Space with Hood System

      Retail space featuring operable storefront windows and Type 2 hood.
      2924 NE Alberta St, Portland, OR 97211
      View Details
    • $32 SF/Yr
      22,241 SF

      NE Alberta St Retail Spaces

      Portland, OR: Prime Retail Opportunity
      2465 Alberta St, Portland, OR 97211
      View Details
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    1627 Alberta St
    Portland, OR 97211-5070
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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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