Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    237 Broadway St Portland, OR 97232-1109
    Back to Search
    Property profile & analytics

    237 Broadway St, Portland, OR 97232-1109

    View on Map
    • Office Spaces
    • 18,000 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Feb 26, 2026
    Property ID
    US71-0235822
    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
    $7,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 237 Broadway St

    Year built
    1924
    Lot size
    0.21 lot acres
    Zone code
    CXD
    Property type
    Office Spaces
    APN
    1N1E27DD 08800
    APU
    1N1E27DD08800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 22, 2017 $6,535,000 Shelton Properties LLC A & M Broadway LLC Warranty Deed —
    Jun 18, 2015 $5,125,000 A & M Broadway LLC 237 Ne Broadway LLC Grant Deed —
    May 28, 2010 — Oregon Foreclosures LLC — Deed Of Trust · related $5M · Baybank
    Jan 21, 2010 $4,100,000 Oregon Foreclosures LLC Wigod Aaron M Trustees Deed · related —
    Dec 16, 2009 — Oregon Foreclosures LLC Hamade,ahmed Deed In Lieu Of Foreclosure · related —
    Aug 18, 2005 $1,285,000 Ahmed Hamade Bacchus Investors LLC Warranty Deed $900k · Bay Bank
    — — Oregon Foreclosures LLC — Deed Of Trust · related $3.8M · Columbia State Bank
    — — Bacchus Investors LLC — Deed Of Trust · related $680k · Us Bank NA
    — — Ahmed K Hamade — Deed Of Trust · related $460k · Baybank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,021,000
      Market price range: $3.37M - $7.62M
      AI Estimate
      $7,021,000
      Market price range: $3.37M - $7.62M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,815,000
      Current use
      RESTAURANT
      $6,165,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,495,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $5,435,000
      Change: -6% Conversion: Easy
      RETAIL STORES
      $5,405,000
      Change: -7% Conversion: Easy
      OFFICE BUILDING
      $5,200,000
      Change: -11% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,785,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.663
    Latitude
    45.5353
    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
    $65,692
    $0.00
    $0.00
    $2,479,070
    -
    $1,295,340
    $6,222,260
    $7,517,600

    Comparable in this City

    • Value Estimation
      $6,210,000
      18,500 SF

      2153 Wi Ne Sandy Blvd

      OFFICE (GENERAL)
      2153 Wi Ne Sandy Blvd, Portland, OR 97232
      View Details
    • Value Estimation
      $1,945,000
      4,587 SF

      777 7th Ave

      OFFICE (GENERAL)
      777 7th Ave, Portland, OR 97232-2101
      View Details
    • Value Estimation
      $5,590,000
      29,804 SF

      825 20th Ave

      OFFICE (GENERAL)
      825 20th Ave, Portland, OR 97232-2275
      View Details
    • Value Estimation
      $985,000
      3,050 SF

      738 Davis St

      OFFICE (GENERAL)
      738 Davis St, Portland, OR 97232-2931
      View Details
    • Value Estimation
      $11,055,000
      26,100 SF

      901 Glisan St

      OFFICE (GENERAL)
      901 Glisan St, Portland, OR 97232-2730
      View Details
    • Value Estimation
      $1,070,000
      3,308 SF

      2307 Flanders St

      OFFICE (GENERAL)
      2307 Flanders St, Portland, OR 97232-3135
      View Details

    Similar Nearby for Sale

    • $2,450,000
      8,543 SF

      Lloyd District Office Building Investment

      Mid-Century Modern Office, High Income Potential
      200 20Th Ave, Portland, OR 97232
      View Details
    • $978,000

      Former Senior Care Facility

      Former senior care facility ideal for multifamily and senior living.
      34 NE 20Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      6,750 SF

      Hollywood District Office/Retail Building

      Turn-key office/retail building in Portland's Hollywood District.
      3902 NE Sandy Blvd, Portland, OR 97232
      View Details
    • Contact for pricing
      16,300 SF

      Office Space with Private Offices

      Office space featuring private offices, conference room, and kitchenette.
      232 NE 9Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      2,215 SF

      Income Producing Owner User Opportunity

      Income-producing commercial building with secured parking in Portland, Oregon.
      35 NE Weidler St, Portland, OR 97232
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for rent in Portland, Oregon.
      650 NE Holladay St, Portland, OR 97232
      View Details
    • $25 SF/Yr

      1607 and 1611 NE 16th Ave, Portland

      Charming Commercial Space for Lease 1607 and 611 NE 16th Ave, Portland
      1607 NE 16Th Ave # PORTLAND, Portland, OR 97232
      View Details
    • $1,250 /Mo

      NE Sandy Blvd

      Prime NE Sandy Blvd Retail Space
      11518 NE Sandy Blvd, Portland, OR 97232
      View Details
    • Contact for pricing
      2,220 SF

      Lloyd District Creative Office Space

      Prime Retail Space, High Traffic Location
      35 Weidler St, Portland, OR 97232
      View Details
    • Contact for pricing
      47,681 SF

      Premier Class A Office Tower

      Class A office tower with excellent access and amenities.
      1201 Northeast Lloyd Blvd, Portland, OR 97232
      View Details
    • Contact for pricing

      Premier Office Space in Portland

      Magnificent office tower with extensive amenities and convenient location.
      825 Ne Multnomah St, Portland, OR 97232
      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.
    237 Broadway St
    Portland, OR 97232-1109
    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

    Thank You for Inquiry
    237 Broadway St, Portland, OR, 97232
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!