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    16716 SE Division St Portland, OR 97236
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    Property profile & analytics

    16716 SE Division St, Portland, OR 97236

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    • Retail space
    • 7,916 SF
    • 0.88 lot acres
    For Sale
    $2,530,000
    View Listing →
    Freestanding Retail/Office/Flex Building For Sale
    $2,530,000

    Freestanding Retail/Office/Flex Building

    Freestanding retail building with flexible layout for retail, office, flex.

    16716 SE Division Street, Portland, OR 97236
    View Listing
    Property ID
    US71-0402670
    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

    • Carquest Auto Parts - Baxter Auto Parts #11 / Auto Parts Store
    • Advance Auto Parts / Auto Parts Store
    • UPS Access Point location / Courier Service / Postal Service
    • Carquest Auto Parts / Auto Parts Store

    Property Details for 16716 SE Division St

    Year built
    2001
    Lot size
    0.88 lot acres
    Zone code
    CN2
    Property type
    Retail space
    APN
    1S3E07BA 13600
    APU
    1S3E07BA13600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2025 $1,745,000 Mswc LLC Baxter Cham Properties LLC Warranty Deed —
    Sep 20, 2023 — Baxter Cham Properties LLC Gen2 Properties LLC Bargain And Sale Deed —
    Feb 12, 2008 — Gen2 Properties LLC Mb Real Properties LLC Bargain And Sale Deed $1.4M · Wells Fargo Bank NA
    Jan 4, 2005 — Mb Real Properties LLC Mb Properties Grant Deed · related —
    — — Gen2 Properties LLC — Deed Of Trust · related $850k · Symetra Life Insurance Co
    — — Mb Properties — Deed Of Trust · related $825k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,318,000
      Market price range: $1.41M - $3.41M
      AI Estimate
      $3,318,000
      Market price range: $1.41M - $3.41M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,375,000
      Current use
      RESTAURANT
      $2,710,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,415,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $2,390,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $2,290,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,280,000
      Change: -4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,105,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.491
    Latitude
    45.5042
    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
    $19,257
    $0.00
    $0.00
    $974,170
    -
    $383,330
    $758,480
    $1,141,810

    Comparable in this City

    • Value Estimation by Request
      490 SF

      13640 Division St

      RETAIL STORES (PERSONAL SERVICES)
      13640 Division St, Portland, OR 97236-2840
      View Details
    • Value Estimation
      $605,000
      2,400 SF

      13737 Powell Blvd

      RETAIL STORES (PERSONAL SERVICES)
      13737 Powell Blvd, Portland, OR 97236-2900
      View Details
    • Value Estimation
      $2,340,000
      7,488 SF

      2520 145th Ave

      RETAIL STORES (PERSONAL SERVICES)
      2520 145th Ave, Portland, OR 97236-2671
      View Details
    • Value Estimation
      $1,550,000
      3,600 SF

      16226 Division St

      RETAIL STORES (PERSONAL SERVICES)
      16226 Division St, Portland, OR 97236-1928
      View Details
    • Value Estimation
      $2,625,000
      6,108 SF

      16339 Division St

      RETAIL STORES (PERSONAL SERVICES)
      16339 Division St, Portland, OR 97236-1929
      View Details
    • Value Estimation
      $1,635,000
      10,442 SF

      13520 Division St

      RETAIL STORES (PERSONAL SERVICES)
      13520 Division St, Portland, OR 97236-3049
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property Near National Retailers

      Retail space with high visibility and abundant parking.
      16603 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing
      7,868 SF

      Commercial Building with Multiple Rental Spaces

      7,868 SF commercial building with four rentable spaces.
      13511 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing

      Mixed-Use Property in Centennial Neighborhood

      14-unit mixed-use property with retail and residential components.
      16804 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Retail/Office/Flex Building

      Freestanding retail building with flexible layout for retail, office, flex.
      16716 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing
      3,036 SF

      Carl's Jr. NNN Investment

      NNN leased Carl's Jr. with recent extension through 2031.
      14836 SE Division St, Portland, OR 97236
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    • Contact for pricing

      Retail/Industrial Flex Building For Sale

      Two properties with secure yard space available for sale.
      12250 SE Division St, Portland, OR 97236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,248 SF

      Retail Space in Midway Plaza

      Retail space for lease in a busy shopping center.
      2510-2626 SE 122Nd Ave, Portland, OR 97236
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing

      Retail Space Near Fred Meyer

      Retail suites available in high-visibility Portland location.
      2520 SE 145Th Ave, Portland, OR 97236
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space at Division Crossing

      Retail space with high visibility and accessibility in Portland, OR.
      16261 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing

      High Traffic Shopping Center Space

      Retail spaces available in high-traffic Portland shopping center.
      16353 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing

      Former Restaurant Space Available

      Restaurant space with equipment, high-traffic location, and parking.
      17218 SE Powell Blvd, Portland, OR 97236
      View Details
    View Listing
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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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