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

    1700 162nd Ave Portland, OR 97230-5684

    • Garden apartment buildings
    • 1,640 SF
    • 4.68 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0481103
    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

    • One24 Apartments / Apartment Rental Agency / Apartment Building

    Property Details for 1700 162nd Ave

    Year built
    1990
    Lot size
    4.68 lot acres
    Property size
    1,640 SF
    Zone code
    CMF
    Property type
    Garden apartment buildings
    APN
    1N3E30CC 03400
    APU
    1N3E30CC03400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $647,000
      Market price range: $261k - $648k
      AI Estimate
      $647,000
      Market price range: $261k - $648k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $435,000
      Current use
      AUTO REPAIR, GARAGE
      $500,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $495,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $490,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $475,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $470,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.495
    Latitude
    45.5352
    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
    $120,759
    $0.00
    $0.00
    $6,928,170
    -
    $2,446,330
    $11,985,180
    $14,431,510

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      17376 Wi Ne Couch St

      GARDEN APT, COURT APT (5+ UNITS) • 0.48 Acres
      17376 Wi Ne Couch St, Portland, OR 97230
      View Details
    • Value Estimation by Request
      1.62 Acres

      665 Wi Ne 178th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 1.62 Acres
      665 Wi Ne 178th Ave, Portland, OR 97230
      View Details
    • Value Estimation
      $26,245,000
      91,388 SF

      14124 Sandy Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 91,388 SF
      14124 Sandy Blvd, Portland, OR 97230-2635
      View Details
    • Value Estimation
      $4,285,000
      24,904 SF

      16431 Glisan St

      GARDEN APT, COURT APT (5+ UNITS) • 24,904 SF
      16431 Glisan St, Portland, OR 97230-5862
      View Details
    • Value Estimation
      $9,365,000
      45,488 SF

      10 162nd Ave

      GARDEN APT, COURT APT (5+ UNITS) • 45,488 SF
      10 162nd Ave, Portland, OR 97230-5866
      View Details
    • Value Estimation by Request
      18,816 SF

      345 162nd Ave

      GARDEN APT, COURT APT (5+ UNITS) • 18,816 SF
      345 162nd Ave, Portland, OR 97230-5413
      View Details

    Similar Nearby for Sale

    • $255,000

      Glenwood Condo in Summerplace Community

      55+ community condo with amenities, convenient location, and serene setting.
      15035 NE Sacramento St, Portland, OR 97230
      View Details
    • $242,500

      Affordable Modern Townhomes with Solar

      Modern, affordable 3-bedroom townhomes with solar panels and tax abatement.
      14864 NE Couch St, Portland, OR 97230
      View Details
    • $242,500

      Affordable Modern Townhomes with Solar

      Modern, affordable 3-bedroom townhomes with solar panels and tax abatement.
      14840 NE Couch St, Portland, OR 97230
      View Details
    • $325,000

      Remodeled Condo in Jasper Heights

      Stylish 2-bedroom condo with modern updates and community amenities.
      14876 NE Rose Pkwy, Portland, OR 97230
      View Details
    • $199,950
      813 SF

      Condo with Private Deck

      Light-filled condo featuring a private deck and assigned parking.
      217 NE 146Th Ave, Portland, OR 97230
      View Details
    • $242,500

      Affordable Modern Townhomes with Solar

      Modern, affordable 3-bedroom townhomes with solar panels and tax abatement.
      14858 NE Couch St, Portland, OR 97230
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      63,650 SF

      Portland Airport Way Warehouse

      Large industrial warehouse space available.
      12801-13151 Airport Way, Portland, OR 97230
      View Details
    • Contact for pricing
      33,563 SF

      Prime Portland Retail Outparcel

      High-visibility I-84 location, 33,563 SF.
      84 181St Ave, Portland, OR 97230
      View Details
    • $23 SF/Yr
      42,000 SF

      Sivers Airport Plaza Executive Suites

      Portland Class A Office Space Available
      5933 Win Sivers Dr, Portland, OR 97230
      View Details
    • Contact for pricing
      33,536 SF

      Portland Retail Pad Site Investment

      Prime Portland Retail Land, 33,536 SF
      2301 181St Ave, Portland, OR 97230
      View Details
    • Contact for pricing
      145,096 SF

      Portland Warehouse Space Available

      145,096 SF warehouse space for lease in Portland, Oregon.
      18111 NE Sandy Blvd, Portland, OR 97230
      View Details
    • Contact for pricing
      107,725 SF

      Warehouse Space in Columbia Southshore

      Available warehouse space with truck court and loading docks.
      17948 NE Riverside Pkwy, Portland, OR 97230
      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.
    1700 162nd Ave
    Portland, OR 97230-5684
    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.