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

    1701 Glisan St, Unit 1719 Portland, OR 97209-2224

    • Apartment buildings
    • 14,298 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2021
    Value Estimations
    $3,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0661486
    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

    • Apartment buildings

    Property Details for 1701 Glisan St

    Year built
    1906
    Lot size
    0.23 lot acres
    Property size
    14,298 SF
    Zone code
    EXD
    Property type
    Apartment buildings
    APN
    1N1E33AC 02600
    APU
    1N1E33AC02600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,048,000
      Market price range: $2.27M - $5.65M
      AI Estimate
      $3,048,000
      Market price range: $2.27M - $5.65M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,800,000
      Current use
      RESTAURANT
      $4,895,000
      Change: +29% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,755,000
      Change: +25% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,365,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $4,320,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $4,295,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $4,130,000
      Change: +9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.689
    Latitude
    45.5266
    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
    $29,602
    $0.00
    $0.00
    $1,118,160
    -
    $1,554,000
    $3,307,220
    $4,861,220

    Comparable in this City

    • Value Estimation
      $26,475,000
      75,900 SF

      2080 Frnt Ave

      APARTMENT HOUSE (5+ UNITS) • 75,900 SF
      2080 Frnt Ave, Portland, OR 97209-1831
      View Details
    • Value Estimation by Request
      157,783 SF

      125 9th Ave

      APARTMENT HOUSE (5+ UNITS) • 157,783 SF
      125 9th Ave, Portland, OR 97209-3303
      View Details
    • Value Estimation
      $25,835,000
      65,392 SF

      502 9th Ave, Unit 514

      APARTMENT HOUSE (5+ UNITS) • 65,392 SF
      502 9th Ave, Portland, OR 97209-3403
      View Details
    • Value Estimation
      $5,120,000
      32,196 SF

      2 Broadway, Unit 16

      APARTMENT HOUSE (5+ UNITS) • 32,196 SF
      2 Broadway, Portland, OR 97209-3506
      View Details
    • Value Estimation by Request
      243,119 SF

      900 Lovejoy St

      APARTMENT HOUSE (5+ UNITS) • 243,119 SF
      900 Lovejoy St, Portland, OR 97209-3485
      View Details
    • Value Estimation
      $3,080,000
      15,540 SF

      708 20th Ave

      APARTMENT HOUSE (5+ UNITS) • 15,540 SF
      708 20th Ave, Portland, OR 97209-1350
      View Details

    Similar Nearby for Sale

    • $265,000
      922 SF

      Charming Condo in Alphabet District

      Historic 2-bedroom condo in well-maintained building with great light.
      1631 NW Everett St, Portland, OR 97209
      View Details
    • $298,000

      Riverside Condo with Willamette Views

      Condo with river views, amenities, and convenient location.
      720 NW Naito Pkwy, Portland, OR 97209
      View Details
    • $375,000

      Pearl District Loft with Patio

      Historic loft in the Pearl with modern luxury and private patio.
      1420 NW Lovejoy St, Portland, OR 97209
      View Details
    • $300,000

      Condo in Portland's Old Town

      Condo with river views, pool, hot tub, and market.
      620 NW Naito Pkwy, Portland, OR 97209
      View Details
    • $1,700,000
      10,870 SF

      Portland Multifamily Investment Opportunity

      Vintage 9-unit apartment building in desirable Nob Hill neighborhood.
      1215 NW 21St Ave, Portland, OR 97209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,925 SF

      Alta Peak Retail Center: Portland

      Prime Portland retail space available.
      1638 Burnside St, Portland, OR 97209
      View Details
    • $27 SF/Yr
      19,740 SF

      Prime NW Portland Office Space

      3,921 SF Office/Retail, 18 Parking Spaces
      636 21St Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      17,904 SF

      Portland Restaurant Space Available

      Prime Portland retail, multiple suites.
      1010 10Th Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      17,967 SF

      Portland Brewery District Retail Space

      Prime Portland location, multiple units available.
      10 12Th Ave, Portland, OR 97209
      View Details
    • $25 SF/Yr
      2,272 SF

      Portland Retail Space For Lease

      Prime Portland location, 1,510 sq ft available.
      0 23Rd Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      1 SF

      Prime Portland Medical Office Space

      Historic building, 10 parking spaces, ideal location.
      35 20Th Pl, Portland, OR 97209
      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.
    1701 Glisan St, Unit 1719
    Portland, OR 97209-2224
    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.