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    16521 SE Powell Blvd Portland, OR 97236

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    16521 SE Powell Blvd Portland, OR 97236

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    • Office Units
    • 2,572 SF
    For Sale
    $750,000
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    Powell Valley Flexible Commercial Building For Sale
    $750,000
    2,572 SF

    Powell Valley Flexible Commercial Building

    Versatile commercial building in Powell Valley, ideal for owner-users.

    16521 SE Powell Blvd, Portland, OR 97236
    View Listing
    Property ID
    US71-0306270
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Julia Bodine - State Farm Insurance Agent / Insurance Agency

    Property Details for 16521 SE Powell Blvd

    Year built
    1926
    Property size
    2,572 SF
    Property type
    Office Units
    Property subtype
    Live-work space

    Description

    Flexible Commercial Building – Ideal Owner/User Opportunity in Powell Valley Property Overview: Total Building Size: 2,572 SF Main Level: 936 SF Upper Level: 700 SF Basement (Exterior Access): 936 SF Lot Size: 0.23 acres (10,205 SF) Zoning: Conditional Use Permit for Office Use Current Use: Insurance Agency Excellent Opportunity for: Daycare or Pre-School Live/Work Setup Professional Office or Counseling Services Creative Studio or Co-Working Use Interior Layout & Features: Main Level: Lobby/Reception Area One Private Office (with potential for up to 3 offices) Dedicated Conference/Meeting/Co-Working Area Full Kitchen with Breakroom/Nook One Full Bathroom Upper Level: Two Offices/Private Rooms Reading Nook or Storage Area One Half Bathroom Hardwood Floors Throughout Basement Level (separate exterior access): Two Offices/Private Rooms One Open/Co-Working or Flex Space Full Kitchen Full Bathroom Laundry Room and Storage Area Additional Highlights: Plenty of Off-Street Parking Prominent Street Exposure Monument Signage Opportunity Versatile layout suited for multi-tenant or hybrid work models Location: Located in the desirable Powell Valley neighborhood , this property offers a strategic mix of residential charm and commercial functionality , ideal for owner-users or small businesses seeking flexible workspace in a community-oriented setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.4932828
    Latitude
    45.4943957

    Comparable in this City

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      Powell Valley Owner/User Building

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      2,282 SF

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      13520 SE Division St, Portland, OR 97236
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    Similar Nearby for Sale

    • $750,000
      2,572 SF

      Powell Valley Owner/User Building

      Versatile 2,572 SF building suitable for various commercial uses.
      16521 SE Powell Blvd, Portland, OR 97236
      View Details
    • Contact for pricing
      2,282 SF

      Versatile Mixed-Use Property For Sale

      Charming property with flexible space, ideal for live/work setup.
      2901 SE 122Nd Ave, Portland, OR 97236
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      Retail/Industrial Flex Building For Sale

      Two properties with secure yard space available for sale.
      12250 SE Division St, Portland, OR 97236
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      Mixed-Use Property in Centennial Neighborhood

      14-unit mixed-use property with retail and residential components.
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      Freestanding Retail/Office/Flex Building

      Freestanding retail building with flexible layout for retail, office, flex.
      16716 SE Division St, Portland, OR 97236
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      Division Street Commercial Property

      Two office buildings and shop space near I-205.
      13520 SE Division St, Portland, OR 97236
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    Similar Nearby for Lease

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      2,100 SF

      Retail Space at Division Crossing

      Retail space with high visibility and accessibility in Portland, OR.
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      Retail Space Near Fred Meyer

      Retail suites available in high-visibility Portland location.
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      Commercial Land in Airport Way

      Located in the heart of the Airport Way trade area.
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    • $1.00 SF/Yr

      Former Restaurant Space Available

      Restaurant space with equipment, high-traffic location, and parking.
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      2,500 SF

      Retail Space at Lit Intersection

      Retail space available at a corner location in Portland, Oregon.
      17218 SE Powell Blvd, Portland, OR 97236
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      High Traffic Shopping Center Space

      Retail spaces available in high-traffic Portland shopping center.
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    Portland, OR 97236
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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.

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    16521 SE Powell Blvd, Portland, OR, 97236

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