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

    2029 Cesar E Chavez Blvd Portland, OR 97212-5305

    • Office Properties & Spaces
    • 2,072 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Nov 06, 2024
    $950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0540914
    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

    • OCOM Hollywood Clinic / Acupuncture Clinic / Alternative Medicine Practitioner

    Property Details for 2029 Cesar E Chavez Blvd

    Year built
    1971
    Lot size
    0.23 lot acres
    Property size
    2,072 SF
    Zone code
    CS
    Property type
    Office Properties & Spaces
    APN
    1N1E25DA 23000
    APU
    1N1E25DA23000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.623
    Latitude
    45.5376
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $1,200,000
    $10,000
    $1,210,000

    Comparable in this City

    • Value Estimation by Request
      3,132 SF

      4023-4029 Tillamook St

      Office Properties & Spaces • 3,132 SF
      4023-4029 Tillamook St, Portland, OR 97212
      View Details
    • Value Estimation
      $3,015,000
      13,272 SF

      1800 2nd Ave

      OFFICE (GENERAL) • 13,272 SF
      1800 2nd Ave, Portland, OR 97212-3932
      View Details
    • Value Estimation
      $1,215,000
      4,436 SF

      320 Failing St

      OFFICE (GENERAL) • 4,436 SF
      320 Failing St, Portland, OR 97212-1015
      View Details
    • Value Estimation
      $1,000,000
      3,480 SF

      3807 M L King Blvd

      OFFICE (GENERAL) • 3,480 SF
      3807 M L King Blvd, Portland, OR 97212-1114
      View Details
    • Value Estimation
      $1,450,000
      8,170 SF

      2540 M L King Blvd

      OFFICE (GENERAL) • 8,170 SF
      2540 M L King Blvd, Portland, OR 97212-3732
      View Details
    • Value Estimation
      $4,320,000
      15,000 SF

      220 Russell St

      OFFICE (GENERAL) • 15,000 SF
      220 Russell St, Portland, OR 97212-3707
      View Details

    Similar Nearby for Sale

    • $417,500
      966 SF

      Portland Office Building - Grand Ave

      966 sq ft Office, Lush Garden, Great Location
      4009 Grand Ave, Portland, OR 97212
      View Details
    • $875,000
      3,132 SF

      Prime Portland Executive Office Building

      3,132 SF Office, $875,000
      4023-4029 Tillamook St, Portland, OR 97212
      View Details
    • $550,600
      1,266 SF

      Portland Office Building - Grand Ave

      Prime Portland Office Space, 1266 sq ft
      4003 Grand Ave, Portland, OR 97212
      View Details
    • $975,000
      12,740 SF

      Creative Industrial Building For Sale

      Creative industrial building in high exposure Central Eastside location.
      2421-2455 SE 11Th Ave, Portland, OR 97212
      View Details
    • Contact for pricing
      10,500 SF

      Restored Brick Building in Albina

      Two-story, modernized 1910 building with parking in Albina District.
      2627 NE M L King Blvd, Portland, OR 97212
      View Details
    • Contact for pricing

      Commercial Building in Hollywood Area

      Freestanding commercial building in the Hollywood area of Portland.
      Portland, OR 97212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,906 SF

      Weatherly Building: Portland Office Space

      Historic Portland Office, Retail Space Available
      516 Morrison St, Portland, OR 97212
      View Details
    • $12 SF/Yr
      22,100 SF

      Prime Portland Executive Office Space

      Newly renovated, 9,615 SF available.
      2045 Martin Luther King Jr Blvd, Portland, OR 97212
      View Details
    • $22 SF/Yr
      1 SF

      Mont Blanc Building: Irvington Office Space

      Portland Office Suites: Irvington's Historic Charm
      1836 7Th Ave, Portland, OR 97212
      View Details
    • $24 SF/Yr
      2,436 SF

      Move-in Ready Office Space

      Available office space with abundant natural light and great visibility.
      4011-4023 NE Hancock St, Portland, OR 97212
      View Details
    • Contact for pricing
      7,157 SF

      Grant Park Medical Office Endcap

      Portland Medical Office Space - 7,157 SF
      1835 33Rd Ave, Portland, OR 97212
      View Details
    • Contact for pricing

      Modern Flex Space in Portland

      Turn-key flex space suitable for various businesses.
      45-57 NE Hancock St, Portland, OR 97212
      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.
    2029 Cesar E Chavez Blvd
    Portland, OR 97212-5305
    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.