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

    2502 Belmont St Portland, OR 97214-2823

    • Commercial real estate
    • 3,090 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2022
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0857205
    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

    • Old Friends Coffee Roasters / Cafe & Coffee Shop

    Property Details for 2502 Belmont St

    Year built
    1965
    Lot size
    0.09 lot acres
    Property size
    3,090 SF
    Zone code
    CS
    Property type
    Commercial real estate
    APN
    1S1E01BB 10100
    APU
    1S1E01BB10100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $658,000
      Market price range: $659k - $1.28M
      AI Estimate
      $658,000
      Market price range: $659k - $1.28M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $895,000
      Current use
      RETAIL STORES
      $995,000
      Change: +11% Conversion: Easy
      AUTO REPAIR, GARAGE
      $945,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $935,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $895,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.64
    Latitude
    45.5162
    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
    $5,935
    $0.00
    $0.00
    $223,970
    -
    $168,800
    $505,010
    $673,810

    Comparable in this City

    • Value Estimation by Request
      8,476 SF

      313-345 Yamhill St

      Retail properties • 8,476 SF
      313-345 Yamhill St, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.06 Acres

      Nwc Water Se Morrison St

      COMMERCIAL (GENERAL) • 0.06 Acres
      Nwc Water Se Morrison St, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.23 Acres

      1907 Wi Se Grand Ave

      SHOW ROOM, WAREHOUSE • 0.23 Acres
      1907 Wi Se Grand Ave, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.23 Acres

      Madison St

      COMMERCIAL (GENERAL) • 0.23 Acres
      Madison St, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.07 Acres

      9th Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      9th Ave, Portland, OR 97214
      View Details
    • Value Estimation by Request
      0.11 Acres

      2112 8th Aven

      COMMERCIAL (GENERAL) • 0.11 Acres
      2112 8th Aven, Portland, OR 97214-4608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Central Eastside Portland Land

      Prime 10,000 SF development site.
      525 Oak St, Portland, OR 97214
      View Details
    • Contact for pricing
      0.41 Acres

      Inner SE Portland Development Site

      0.41-acre commercial land, high visibility
      234 Grand Ave, Portland, OR 97214
      View Details
    • Contact for pricing

      Portland Central Eastside Development Site

      10,000 sq ft lot, 3500 sf building
      525 Oak St, Portland, OR 97214
      View Details
    • $1,640,000
      0.27 Acres

      Hawthorne Blvd Commercial Land Opportunity

      Prime Portland location, mixed-use potential.
      1312-1334 Hawthorne Blvd, Portland, OR 97214
      View Details
    • $4,300,000
      16,597 SF

      Burnside Trolley Building: Portland Office

      Prime Portland Office Building, High NOI
      2705 Burnside St, Portland, OR 97214
      View Details
    • $5,000,000

      Pine Street Lofts Development

      144-Unit Permit-Ready Development
      306 8Th Ave, Portland, OR 97214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      182,009 SF

      Belmont Street Retail Spaces

      Portland, OR: Prime Retail Opportunity
      661 Belmont St, Portland, OR 97214
      View Details
    • $24 SF/Yr
      5,000 SF

      Prime Retail Opportunity on Hawthorne

      Two retail suites available in a vibrant Portland location.
      3321 SE Hawthorne Blvd, Portland, OR 97214
      View Details
    • Contact for pricing

      Industrial Warehouse For Lease

      Industrial warehouse for lease in easily accessible core area.
      Portland, OR 97214
      View Details
    • Contact for pricing
      2,505 SF

      Renovated Retail and Office Space

      Five-story building with retail and creative office spaces available.
      1003-1017 SW Washington St, Portland, OR 97214
      View Details
    • $17 SF/Yr
      5,114 SF

      Office Space with Downtown Views

      Well-maintained office space with historic charm and high ceilings.
      1006 SE Grand Ave, Portland, OR 97214
      View Details
    • Contact for pricing
      8,500 SF

      Retail/Warehouse Building with Parking

      Freestanding retail/warehouse building with parking in Portland, Oregon.
      1617 E Burnside St, Portland, OR 97214
      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.
    2502 Belmont St
    Portland, OR 97214-2823
    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.