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    18411 Wi E Burnside St Portland, OR 97233
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    Property profile & analytics

    18411 Wi E Burnside St, Portland, OR 97233

    View on Map
    • Apartment buildings
    • 23,120 SF
    • 0.67 lot acres
    Off-Market
    Property ID
    US71-0317384
    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
    $3,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 18411 Wi E Burnside St

    Year built
    1964
    Lot size
    0.67 lot acres
    Zone code
    RTC
    Property type
    Apartment buildings
    APN
    1N3E32CC 02200
    APU
    1N3E32CC02200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 4, 2016 $658,783 Smith & Grey LLC David Grey Special Warranty Deed $1.4M · Bofi Federal Bank
    Apr 4, 2016 $995,000 David Grey Lincoln Ln Co Grant Deed —
    Jul 22, 2005 $842,646 David Grey Lincoln Loan Grant Deed $250k · Bank Of The Cascades
    Jan 8, 2001 — Lincoln Loan Co First Independent Bank Quit Claim Deed · related —
    Jul 15, 1996 $995,000 Jeff Smith Grey,david Grant Deed —
    — — David Grey — Deed Of Trust · related $160k · August Mueller

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,057,000
      Market price range: $3.06M - $6.16M
      AI Estimate
      $3,057,000
      Market price range: $3.06M - $6.16M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,550,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.474
    Latitude
    45.5221
    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
    $930
    $0.00
    $0.00
    $53,380
    -
    $350,930
    $0.00
    $350,930

    Comparable in this City

    • Value Estimation
      $3,395,000
      22,116 SF

      17900 Burnside St, Unit 17922

      APARTMENT HOUSE (5+ UNITS)
      17900 Burnside St, Portland, OR 97233-4977
      View Details
    • Value Estimation
      $6,360,000
      36,165 SF

      19550 Burnside St

      APARTMENT HOUSE (5+ UNITS)
      19550 Burnside St, Portland, OR 97233-5831
      View Details
    • Value Estimation
      $9,450,000
      48,024 SF

      110 188th Ave, Unit 190

      APARTMENT HOUSE (5+ UNITS)
      110 188th Ave, Portland, OR 97233-5300
      View Details
    • Value Estimation
      $4,455,000
      16,724 SF

      131 151st Ave, Unit 149

      APARTMENT HOUSE (5+ UNITS)
      131 151st Ave, Portland, OR 97233-2878
      View Details
    • Value Estimation
      $5,210,000
      19,544 SF

      2306 158th Ave

      APARTMENT HOUSE (5+ UNITS)
      2306 158th Ave, Portland, OR 97233-3718
      View Details
    • Value Estimation
      $5,420,000
      40,979 SF

      304 162nd Ave

      APARTMENT HOUSE (5+ UNITS)
      304 162nd Ave, Portland, OR 97233-3864
      View Details

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      32-unit, fully leased, carbon-neutral multifamily property in desirable location.
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      25-unit apartment complex in East Portland with convenient access.
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      2007-built apartment complex with diverse unit mix.
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    • $649,950
      3,012 SF

      Portland Duplex with Value-Add Potential

      Investor-ready duplex with below-market rents and long-term tenants.
      503 SE 157Th Ave, Portland, OR 97233
      View Details
    • $1,279,900
      6,076 SF

      Portland Duplex: Value-Add Opportunity

      Investor-ready duplex with value-add potential in Portland, Oregon.
      503 SE 157Th Ave, Portland, OR 97233
      View Details
    • New
      $439,900
      1,680 SF

      Duplex with Private Entries

      Two-unit duplex in Portland with private entries, off-street parking, and yard space for flexible living or ownership.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Portland, Oregon.
      12250 SE Division St, Portland, OR 97233
      View Details
    • Contact for pricing
      2,453 SF

      Shell Condition Office Space

      Office space for rent with signage and parking available.
      13908 SE Stark St, Portland, OR 97233
      View Details
    • Contact for pricing
      24,400 SF

      Industrial Space with Loading Dock

      Industrial space featuring a loading dock, parking, and signage.
      621 SE 202Nd Ave, Portland, OR 97233
      View Details
    • Contact for pricing
      3,900 SF

      Retail Space Near Fred Meyer

      Retail space with drive-up lanes near Division Street.
      14701 SE Division St, Portland, OR 97233
      View Details
    • Contact for pricing
      3,000 SF

      New Mixed-Use Development Retail Space

      Newly completed Class A retail space in mixed-use development.
      18618 E Burnside St, Gresham, OR 97233
      View Details
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    Portland, OR 97233
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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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