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

    2387 148th Ave Portland, OR 97230-4506

    • Assisted living facilities
    • 2,421 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0163185
    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

    • Assisted living facilities

    Property Details for 2387 148th Ave

    Year built
    1928
    Lot size
    0.29 lot acres
    Property size
    2,421 SF
    Zone code
    R75
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1N2E25CA 13301
    APU
    1N2E25CA13301

    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
    -122.511
    Latitude
    45.5405
    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
    $9,440
    $0.00
    $0.00
    $417,050
    -
    $232,500
    $494,440
    $726,940

    Comparable in this City

    • Value Estimation by Request
      2,094 SF

      12439 Russell St

      HOMES (RETIRED, NURSING) • 2,094 SF
      12439 Russell St, Portland, OR 97230-1848
      View Details
    • Value Estimation by Request
      3,338 SF

      15241 Broadway

      HOMES (RETIRED, NURSING) • 3,338 SF
      15241 Broadway, Portland, OR 97230-4646
      View Details
    • Value Estimation by Request
      3,696 SF

      1715 155th Ave

      HOMES (RETIRED, NURSING) • 3,696 SF
      1715 155th Ave, Portland, OR 97230-5315
      View Details
    • Value Estimation by Request
      2,736 SF

      3110 162nd Ave

      HOMES (RETIRED, NURSING) • 2,736 SF
      3110 162nd Ave, Portland, OR 97230-5524
      View Details
    • Value Estimation by Request
      2,832 SF

      29 125th Pl

      HOMES (RETIRED, NURSING) • 2,832 SF
      29 125th Pl, Portland, OR 97230-2121
      View Details
    • Value Estimation by Request
      2,304 SF

      4225 132nd Pl

      HOMES (RETIRED, NURSING) • 2,304 SF
      4225 132nd Pl, Portland, OR 97230-1434
      View Details

    Similar Nearby for Sale

    • $255,000

      Glenwood Condo in Summerplace Community

      55+ community condo with amenities, convenient location, and serene setting.
      15035 NE Sacramento St, Portland, OR 97230
      View Details
    • $199,900

      Serene Home in Fremont Village

      Home in a peaceful community with updated features and amenities.
      15950 NE Fremont St, Portland, OR 97230
      View Details
    • $185,000
      0.30 Acres

      Glendoveer Neighborhood Land For Sale

      Large lot in Glendoveer neighborhood, Portland, Oregon.
      NE 143Rd Ave, Portland, OR 97230
      View Details
    • $4,500,000
      21,000 SF

      Spacious Warehouse with Fenced Yard

      21,000 SF warehouse with 25,000 SF fenced yard.
      5600 NE 122Nd Ave, Portland, OR 97230
      View Details
    • $242,500

      Affordable Modern Townhomes with Solar

      Modern, affordable 3-bedroom townhomes with solar panels and tax abatement.
      14876 NE Couch St, Portland, OR 97230
      View Details
    • $500,000
      14,209 SF

      Flat Lot on SE 122nd

      Flat commercial lot with frontage on SE 122nd Ave.
      5123 SE 122Nd Ave, Portland, OR 97230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      216,696 SF

      Portland Industrial Warehouse For Lease

      Gresham warehouse, 2 buildings, 216,696 SF
      0 Airport Way, Gresham, OR 97230
      View Details
    • $12 SF/Yr
      85,860 SF

      Portland Industrial Warehouse Space

      85,860 SF, 7,606 SF Available
      12683 Whitaker Way, Portland, OR 97230
      View Details
    • Contact for pricing
      9,922 SF

      Portland Executive Office Space

      Prime Portland Office, 9,922 SF Available
      17800 Riverside Pkwy, Portland, OR 97230
      View Details
    • Contact for pricing
      4,056 SF

      Retail Space with High Visibility

      Retail space with ample parking and high traffic counts.
      12301-12434 NE Glisan St, Portland, OR 97230
      View Details
    • Contact for pricing
      7,895 SF

      Creative Office Space with Views

      Creative office space featuring views, courtyard, and high parking ratio.
      16790 NE Mason St, Portland, OR 97230
      View Details
    • $0.80 SF/Yr
      72,000 SF

      Industrial Space Near Freeways

      Industrial space with office, easy freeway and airport access.
      13214 Northeast Whitaker Way, Portland, OR 97230
      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.
    2387 148th Ave
    Portland, OR 97230-4506
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.