Add Listing
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

    1924 Broadway Portland, OR 97201-3119

    • Investment properties
    • 3,876 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0154006
    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

    • Portland State University East Hall / High School
    • East Hall / University Department
    • bobacat tea house / Cafe & Coffee Shop
    • Somtum Thai Kitchen / Restaurant

    Property Details for 1924 Broadway

    Year built
    1892
    Lot size
    0.06 lot acres
    Property size
    3,876 SF
    Zone code
    CXD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1S1E04DA 05000
    APU
    1S1E04DA05000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $502,000
      Market price range: $339k - $1.34M
      AI Estimate
      $502,000
      Market price range: $339k - $1.34M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $835,000
      Current use
      WAREHOUSE, STORAGE
      $790,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.684
    Latitude
    45.5102
    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
    $7,687
    $0.00
    $0.00
    $290,380
    -
    $358,500
    $862,100
    $1,220,600

    Comparable in this City

    • Value Estimation by Request
      930 SF

      118 Porter St

      OFFICE/RESIDENTIAL (MIXED USE) • 930 SF
      118 Porter St, Portland, OR 97201-4737
      View Details
    • Value Estimation
      $735,000
      3,841 SF

      2828 Water Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,841 SF
      2828 Water Ave, Portland, OR 97201-4861
      View Details
    • Value Estimation
      $610,000
      2,804 SF

      1708 Columbia St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,804 SF
      1708 Columbia St, Portland, OR 97201-2539
      View Details
    • Value Estimation
      $1,295,000
      6,000 SF

      1632 12th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      1632 12th Ave, Portland, OR 97201
      View Details
    • Value Estimation by Request
      0.00 Acres

      118 Wi Sw Porter St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.00 Acres
      118 Wi Sw Porter St, Portland, OR 97201
      View Details
    • Value Estimation by Request
      2,024 SF

      1703 Clay St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,024 SF
      1703 Clay St, Portland, OR 97201-2528
      View Details

    Similar Nearby for Sale

    • $925,000

      Goose Hollow Redevelopment Opportunity

      Two contiguous lots with building in Goose Hollow near I-405.
      1411 SW 14Th Ave, Portland, OR 97201
      View Details
    • $2,990,000
      10,000 SF

      Portland Commercial Investment Property For Sale

      High-visibility commercial property near PSU with three NNN leased units.
      1909 SW 6Th Ave, Portland, OR 97201
      View Details
    • Contact for pricing
      9,846 SF

      Commercial Property with Development Potential

      Income-producing commercial property with flexible zoning and development potential.
      1631 SW Jefferson St, Portland, OR 97201
      View Details
    • $499,000
      0.44 Acres

      City Lights Portland Build Lots

      Eight buildable lots with panoramic views in Portland Heights.
      SW Cardinell Way, Portland, OR 97201
      View Details
    • $549,000
      0.23 Acres

      Portland Heights Build-to-Suit Land

      Build-to-suit lots with panoramic views in Portland Heights.
      SW Cardinell Way, Portland, OR 97201
      View Details
    • $1,995,000
      0.51 Acres

      West Hills View Homesite

      Rare opportunity with sweeping views of downtown Portland and mountains.
      1235 SW Myrtle Ct, Portland, OR 97201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease.
      225 SW Columbia St, Portland, OR 97201
      View Details
    • Contact for pricing

      Retail Space with Exclusive Covered Dock

      Retail space with dock access in Portland, Oregon.
      425 SW Montgomery St, Portland, OR 97201
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent, featuring 11,156 square feet.
      1500 SW 1St Ave, Portland, OR 97201
      View Details
    • Contact for pricing
      5,787 SF

      Downtown Portland Office Space Available

      Office spaces for rent in downtown Portland with flexible lease.
      1400 SW 5Th Ave, Portland, OR 97201
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail or restaurant space available for lease in Portland.
      1355 SW 2Nd Ave, Portland, OR 97201
      View Details
    • $25 SF/Yr

      Downtown Portland Office/Retail Space

      6,777 SF office/retail space in Portland's University District.
      1900 SW 5Th Ave, Portland, OR 97201
      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.
    1924 Broadway
    Portland, OR 97201-3119
    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.
    Sign Up Successful!
    You now have access to more from Realmo!