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

    2105 Adams St Milwaukie, OR 97222-7773

    • Commercial real estate
    • 2,042 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0683235
    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

    • Commercial real estate

    Property Details for 2105 Adams St

    Year built
    1963
    Lot size
    0.11 lot acres
    Property size
    2,042 SF
    Zone code
    DO
    Property type
    Commercial real estate
    APN
    11E36BC01903
    APU
    11E36BC01903

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $556,000
      Market price range: $363k - $881k
      AI Estimate
      $556,000
      Market price range: $363k - $881k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $590,000
      Current use
      AUTO REPAIR, GARAGE
      $625,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $615,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $615,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $590,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukie
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.639
    Latitude
    45.4422
    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
    $5,272
    $0.00
    $0.00
    $240,598
    -
    $101,358
    $274,900
    $376,258

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      13456 Mcloughlin Blvd

      COMMERCIAL (GENERAL) • 1.60 Acres
      13456 Mcloughlin Blvd, Milwaukie, OR 97222-7122
      View Details
    • Value Estimation by Request
      3.37 Acres

      13515 Mcloughlin Blvd

      COMMERCIAL (GENERAL) • 3.37 Acres
      13515 Mcloughlin Blvd, Milwaukie, OR 97222-7134
      View Details
    • Value Estimation by Request
      0.69 Acres

      11000 Oak St

      COMMERCIAL (GENERAL) • 0.69 Acres
      11000 Oak St, Milwaukie, OR 97222-6692
      View Details
    • Value Estimation by Request
      0.48 Acres

      11082 Oak St

      COMMERCIAL (GENERAL) • 0.48 Acres
      11082 Oak St, Milwaukie, OR 97222-6692
      View Details
    • Value Estimation by Request
      0.71 Acres

      10950 Oak St

      COMMERCIAL (GENERAL) • 0.71 Acres
      10950 Oak St, Milwaukie, OR 97222-6695
      View Details
    • Value Estimation by Request
      1.09 Acres

      10970 Oak St

      COMMERCIAL (GENERAL) • 1.09 Acres
      10970 Oak St, Milwaukie, OR 97222-6695
      View Details

    Similar Nearby for Sale

    • $625,000

      Milwaukie Commercial Land Investment

      High-yield ATM land, redevelopment potential.
      10415 Main St, Milwaukie, OR 97222
      View Details
    • $3,740,000
      12,402 SF

      Turn-Key Clackamas County Opportunity

      Excellent visibility, easy access, and well-laid-out building near transit.
      4700 SE International Way, Milwaukie, OR 97222
      View Details
    • $252,500

      Ground Floor Condo with Updates

      Updated ground floor condo with new paint and carpeting.
      12600 SE Freeman Way, Milwaukie, OR 97222
      View Details
    • $259,000

      Updated Condo in Maintained Community

      Ground level condo updated in 2018 with community pool.
      12600 SE Freeman Way, Milwaukie, OR 97222
      View Details
    • $339,999
      732 SF

      New Detached Condo with Patio

      New 732 SF condo with private patio and modern finishes.
      4103 SE Olsen St, Milwaukie, OR 97222
      View Details
    • $5,950,000
      20,889 SF

      Former Bob's Red Mill Store

      20,889 SF production and restaurant opportunity in Milwaukie, Oregon.
      5000 Southeast International Way, Milwaukie, OR 97222
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      34,000 SF

      Wichita Retail Center: Prime Space Available

      High-visibility retail space; divisible units; ample parking.
      6130 King Rd, Milwaukie, OR 97222
      View Details
    • $2,600 /Mo
      1,560 SF

      Milwaukie Office with Extra Parking

      Standalone office building with parking and storage, available August 2025.
      11220 SE Fuller Rd, Milwaukie, OR 97222
      View Details
    • Contact for pricing
      66,000 SF

      Milwaukie Warehouse with Freezer Space

      66,000 SF warehouse with freezer and cooler space available for lease.
      13503 SE Johnson Rd, Milwaukie, OR 97222
      View Details
    • $0.91 SF/Yr
      14,400 SF

      Clean Industrial Building with Dock

      Clean industrial building with good power, covered dock, and office.
      9255 SE Mcbrod Ave, Milwaukie, OR 97222
      View Details
    • $22 SF/Yr
      25,000 SF

      Milwaukie Industrial/Office Space Available

      Industrial and office spaces in Clackamas Enterprise Zone, Milwaukie.
      12300 SE Mallard Way, Milwaukie, OR 97222
      View Details
    • Contact for pricing
      7,219 SF

      Milwaukie Warehouse: 7,219 SF

      Prime Milwaukie industrial space available.
      8155 Deer Creek Ln, Milwaukie, OR 97222
      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.
    2105 Adams St
    Milwaukie, OR 97222-7773
    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.