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    24315 Sandy Blvd Wood Village, OR 97060
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    Property profile & analytics

    24315 Sandy Blvd Wood Village, OR 97060

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    • Commercial real estate
    • 1,485 SF
    Off-Market
    Property ID
    US71-1459116
    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

    • Commercial real estate

    Property Details for 24315 Sandy Blvd

    Property size
    1,485 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,485-square-foot traditional office space is available for sale in Wood Village, Oregon. Located at 24315 NE Sandy Blvd, near the intersection of 238th Street, this single-tenant property boasts a fully renovated interior and offers significant advantages. The building features a full basement, perfect for secure storage of supplies and equipment. The property is fully fenced, providing enhanced security and privacy. A significant cost-saving feature is the presence of an on-site well and septic system, eliminating water and sewer fees. The property includes two on-site parking spaces for convenience. The zoning is classified as C/I (Commercial/Industrial), offering flexibility for various business types. The Multnomah County Assessor's Parcel Number (APN) is R320682. This turnkey office space presents a rare opportunity to own a well-maintained, cost-effective commercial property in a desirable location. The property's address is verified as 24315 NE Sandy Blvd, Wood Village, OR 97060. The total building square footage is 1,485 square feet, with all 1,485 square feet currently vacant and ready for immediate occupancy.

    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
    Wood Village
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.4125967789
    Latitude
    45.542458949633

    Comparable in this City

    • Contact for pricing

      Office Suite in Wood Village

      Office suite for rent with full-service lease in Oregon.
      24111 NE Halsey St, Wood Village, 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
    • Contact for pricing

      Troutdale Industrial Land with Office

      Level yard space with office in Troutdale, Oregon.
      530 NW Graham Rd, Troutdale, OR 97060
      View Details
    • $0.20 SF/Yr

      Secured Yard Site Near I-84

      Graveled, fenced yard for lease near I-84.
      1847 NW Commerce Ct, Troutdale, OR 97060
      View Details
    • $0.20 SF/Yr
      108,900 SF

      Troutdale Industrial Land for Lease

      Industrial land in Troutdale, ideal for storage and parking.
      3601 Northwest Marine Dr, Troutdale, 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

    Similar Nearby for Sale

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      Historic Downtown Office/Retail Building

      Four units available in historic Troutdale, can be purchased separately.
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      Historic Downtown Office/Retail Opportunity

      Office/retail space in historic Troutdale, owner/user opportunity.
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      Industrial Land Near I-84

      0.28 AC industrial land located north of I-84.
      886 Northwest Dunbar Ave, Troutdale, OR 97060
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    • $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
    • New
      $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
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    • $329,500
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      Troutdale Land for Residential Development

      Large 5.4 acre lot for building a dream home.
      SE Oxbow Dr, Troutdale, OR 97060
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    Similar Nearby for Lease

    • Contact for pricing

      Troutdale Industrial Land with Office

      Level yard space with office in Troutdale, Oregon.
      530 NW Graham Rd, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Office Suite in Wood Village

      Office suite for rent with full-service lease in Oregon.
      24111 NE Halsey St, Wood Village, 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
    • $0.20 SF/Yr

      Secured Yard Site Near I-84

      Graveled, fenced yard for lease near I-84.
      1847 NW Commerce Ct, Troutdale, OR 97060
      View Details
    • $0.20 SF/Yr
      108,900 SF

      Troutdale Industrial Land for Lease

      Industrial land in Troutdale, ideal for storage and parking.
      3601 Northwest Marine Dr, Troutdale, 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
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    24315 Sandy Blvd
    Wood Village, OR 97060
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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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    24315 Sandy Blvd, Wood Village, OR, 97060
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