Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2410 SE 121St Ave Portland, OR 97216

    Property Lookup

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

    2410 SE 121St Ave Portland, OR 97216

    View on Map
    • Office buildings
    • 0.22 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Office Space in Portland, OR For Lease
    $13 SF/Yr
    1,601 SF

    Office Space in Portland, OR

    Office space available for rent in Portland, Oregon.

    2410 SE 121st Ave, Portland, OR
    View Listing
    Property ID
    US71-0679202
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Division Business Plaza / Business Service Center / Corporate Office
    • Care for All / Home Health Care Service
    • Pride Delivery Services LLC / Trucking Company
    • Jamie L. Stocker, LPC / Counselor / Doctor
    • Insurance Plus LLC / Insurance Agency

    Property Details for 2410 SE 121St Ave

    Year built
    1981
    Lot size
    0.22 lot acres
    Zone code
    CG
    Property type
    Office buildings
    APN
    1S2E03DD 07700
    APU
    1S2E03DD07700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.539
    Latitude
    45.5047
    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
    $2,242
    $0.00
    $0.00
    $95,380
    -
    $196,000
    $0.00
    $196,000

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      45 Wi Se 102nd Ave

      OFFICE BUILDING • 0.18 Acres
      45 Wi Se 102nd Ave, Portland, OR 97216
      View Details
    • Value Estimation by Request
      2,184 SF

      8505 Stark St

      OFFICE BUILDING • 2,184 SF
      8505 Stark St, Portland, OR 97216-1139
      View Details
    • Value Estimation by Request
      882 SF

      2440 Wi Se 89th Ave

      OFFICE BUILDING • 882 SF
      2440 Wi Se 89th Ave, Portland, OR 97216
      View Details
    • Value Estimation
      $790,000
      1,960 SF

      215 Wi Se 102nd Ave

      OFFICE BUILDING • 1,960 SF
      215 Wi Se 102nd Ave, Portland, OR 97216
      View Details
    • Value Estimation by Request
      0.03 Acres

      9415 Wi Se Stark St

      MEDICAL BUILDING • 0.03 Acres
      9415 Wi Se Stark St, Portland, OR 97216
      View Details
    • Value Estimation
      $5,905,000
      33,245 SF

      10560 Washington St, Unit 10588

      OFFICE (GENERAL) • 33,245 SF
      10560 Washington St, Portland, OR 97216-2809
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Two-Building Offering in Southeast Portland

      Flexible owner-user opportunity with immediate occupancy and income potential.
      12135 SE 122Nd Ave, Portland, OR 97216
      View Details
    • Contact for pricing

      Two-Story Office Building For Sale

      Well-maintained office building with flexible layout and ample parking.
      Portland, OR 97216
      View Details
    • Contact for pricing

      Modern Medical Facility For Sale

      9,270 SF medical facility in Portland's Gateway district.
      10566 SE Washington St, Portland, OR 97216
      View Details
    • $4,300,000
      18,682 SF

      Award-Winning Flex Building For Sale

      Flex building with functional garage doors and mezzanine level.
      2110 Southeast 82Nd Ave, Portland, OR 97216
      View Details
    • Contact for pricing

      Former Medical Clinic Near Freeways

      Two-story office building with medical clinic features and parking.
      11510 SE Stark St, Portland, OR 97216
      View Details
    • Contact for pricing
      1,705 SF

      Office Space Available For Rent

      Office space available for lease in Portland, Oregon.
      940-948 NE 102Nd Ave, Portland, OR 97216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,140 SF

      Office Space Available For Rent

      Office space available for lease in Portland, Oregon.
      10615 SE Cherry Blossom Dr, Portland, OR 97216
      View Details
    • Contact for pricing
      1,601 SF

      Office Space in Portland, OR

      Office space available for rent in Portland, Oregon.
      2410 SE 121St Ave, Portland, OR 97216
      View Details
    • Contact for pricing
      13,202 SF

      Modern Office Space with Amenities

      Office space with fitness center, lounge, and rooftop deck.
      SE Ash St, Portland, OR 97216
      View Details
    • Contact for pricing

      Retail and Office Space Available

      High-traffic location near Gateway transit hub, suitable for diverse businesses.
      10005 SE Stark St, Portland, OR 97216
      View Details
    • Contact for pricing

      Move-in Ready Medical Office Space

      Spacious medical office with modern finishes and ample parking.
      10202 East Burnside St, Portland, OR 97216
      View Details
    • $25 SF/Yr
      3,750 SF

      Portland Office Space For Rent

      Spacious Portland office suite with modern finishes and ample parking.
      23 SE 103Rd Ave, Portland, OR 97216
      View Details
    View Listing
    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.
    2410 SE 121St Ave
    Portland, OR 97216
    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.
    Sign Up Successful!
    You now have access to more from Realmo!