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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23424 Halsey St Wood Village, OR 97060-2851

    • Office Properties & Spaces
    • 11,980 SF
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2025
    $1,950,000
    Value Estimations
    $2,310,000
    Show details
    Cap Rate Potential
    5.4%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US71-1810565
    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

    • Ben Brown - State Farm Insurance Agent / Insurance Agency
    • Sam Asbury, Esq. / Law Firm
    • Direct Placement LLC / Advertising Agency / Marketing & Advertising
    • Manic Queen Of Beauty / Hair Salon / Nail Salon
    • Craft Coffee House / Cafe & Coffee Shop

    Property Details for 23424 Halsey St

    Year built
    2009
    Lot size
    0.71 lot acres
    Property size
    11,980 SF
    Zone code
    NC
    Property type
    Office Properties & Spaces
    APN
    1N3E27DC 02000
    APU
    1N3E27DC02000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,610,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,370,000
      6.5%
      $2,190,000
      7%
      $2,035,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,577,000
      Market price range: $2.04M - $5.14M
      AI Estimate
      $2,577,000
      Market price range: $2.04M - $5.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,395,000
      Current use
      MEDICAL BUILDING
      $3,620,000
      Change: +7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,550,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $3,540,000
      Change: +4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,155,000
      Change: -7% Conversion: Moderate
      OFFICE BUILDING
      $3,080,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood Village
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.422
    Latitude
    45.5363
    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
    $18,779
    $0.00
    $0.00
    $1,108,330
    -
    $553,140
    $1,176,840
    $1,729,980

    Comparable in this City

    • Value Estimation by Request
      1,900 SF

      303-305 Hist Columbia Riv Hwy

      OFFICE (GENERAL) • 1,900 SF
      303-305 Hist Columbia Riv Hwy, Troutdale, OR 97060
      View Details
    • Value Estimation
      $520,000
      1,208 SF

      1027 Harlow Rd

      OFFICE (GENERAL) • 1,208 SF
      1027 Harlow Rd, Troutdale, OR 97060-9558
      View Details
    • Value Estimation
      $2,185,000
      7,710 SF

      540 Halsey St

      OFFICE (GENERAL) • 7,710 SF
      540 Halsey St, Troutdale, OR 97060-1341
      View Details
    • Value Estimation
      $920,000
      3,980 SF

      23331 Halsey St

      OFFICE (GENERAL) • 3,980 SF
      23331 Halsey St, Wood Village, OR 97060-2812
      View Details
    • Value Estimation by Request

      249 Historic Columbia Riv Hwy

      CONDOMINIUM OFFICES
      249 Historic Columbia Riv Hwy, Troutdale, OR 97060-2078
      View Details
    • Value Estimation
      $1,685,000
      6,854 SF

      107 Hist Columbia Riv Hwy

      OFFICE (GENERAL) • 6,854 SF
      107 Hist Columbia Riv Hwy, Troutdale, OR 97060
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Downtown Office/Retail Opportunity

      Office/retail space in historic Troutdale, owner/user opportunity.
      249 E Historic Columbia River Hwy, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Historic Downtown Office/Retail Building

      Four units available in historic Troutdale, can be purchased separately.
      247 E Historic Columbia River Hwy, Troutdale, OR 97060
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    • $1,175,000
      0.76 Acres

      WoodVillage Land For Sale

      Land with general commercial zoning in WoodVillage, Oregon.
      2075 NE 240Th Ave, Wood Village, OR 97060
      View Details
    • $300,000
      0.21 Acres

      Commercial Land in WoodVillage, Oregon

      0.21 acre commercial land with frontage on NE Halsey.
      23654 NE Halsey St, Wood Village, OR 97060
      View Details
    • Contact for pricing
      37,304 SF

      Troutdale Warehouse Space Available

      37,304 SF warehouse space in Troutdale, Oregon.
      3302 NW Marine Dr, Troutdale, OR 97060
      View Details
    • $329,500
      5.40 Acres

      Troutdale Land for Residential Development

      Large 5.4 acre lot for building a dream home.
      SE Oxbow Dr, Troutdale, OR 97060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      164,382 SF

      Troutdale Industrial/Office Complex

      Large industrial space, flexible zoning.
      530 Graham Rd, Troutdale, OR 97060
      View Details
    • $650 /Mo
      222 SF

      Office Space Available for Rent

      Office spaces available in Wood Village, Oregon, near public transit.
      24111 NE Halsey St, Wood Village, OR 97060
      View Details
    • $0.75 SF/Yr
      8,848 SF

      Wood Village Warehouse Space Available

      8,848 SF warehouse space for lease in Wood Village.
      24001 NE Sandy Blvd, Wood Village, OR 97060
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic area near major shopping destinations.
      2705 NE 238Th Dr, Wood Village, OR 97060
      View Details
    • $0.20 SF/Yr
      39,204 SF

      Secured Yard Site Near I-84

      Graveled, fenced yard for lease near I-84.
      Troutdale, OR 97060
      View Details
    • Contact for pricing
      3,362 SF

      Retail Space in Troutdale Center

      Retail space with high visibility and easy highway access.
      2471-2477 SW Cherry Park Rd, Troutdale, OR 97060
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      1.5k
    • Avg Time on site
      472 min
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    23424 Halsey St
    Wood Village, OR 97060-2851
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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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