Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2555 NE 238Th Dr Wood Village, OR 97060
    Back to Search
    Property profile & analytics

    2555 NE 238Th Dr Wood Village, OR 97060

    View on Map
    • Turn key restaurants
    • 1,890 SF
    • 0.75 lot acres
    For Lease
    $945,000
    View Listing →
    Retail Space Near Major Retailers For Lease
    $945,000
    3,000 SF

    Retail Space Near Major Retailers

    Retail space in high-traffic area near major shopping destinations.

    2555 NE 238th Dr, Wood Village, OR
    View Listing
    Property ID
    US71-0406195
    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

    • Starbucks / Cafe & Coffee Shop

    Property Details for 2555 NE 238Th Dr

    Year built
    2007
    Lot size
    0.75 lot acres
    Property size
    1,890 SF
    Zone code
    CI
    Property type
    Turn key restaurants
    APN
    1N3E27AD 00400
    APU
    1N3E27AD00400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $945,000
      Market price range: $412k - $945k
      AI Estimate
      $945,000
      Market price range: $412k - $945k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $675,000
      Current use
      MEDICAL BUILDING
      $570,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood Village
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.419
    Latitude
    45.5418
    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
    $12,615
    $0.00
    $0.00
    $744,530
    -
    $848,130
    $769,790
    $1,617,920

    Comparable in this City

    • Value Estimation
      $3,255,000
      6,507 SF

      1002 Frontage Rd

      RESTAURANT • 6,507 SF
      1002 Frontage Rd, Troutdale, OR 97060-9534
      View Details
    • Value Estimation
      $1,630,000
      3,261 SF

      1184 Frontage Rd

      RESTAURANT • 3,261 SF
      1184 Frontage Rd, Troutdale, OR 97060-9541
      View Details
    • Value Estimation
      $1,405,000
      2,811 SF

      26942 Stark St

      RESTAURANT • 2,811 SF
      26942 Stark St, Troutdale, OR 97060-9418
      View Details
    • Value Estimation
      $3,000,000
      6,000 SF

      22849 Glisan St

      RESTAURANT • 6,000 SF
      22849 Glisan St, Wood Village, OR 97060-2744
      View Details
    • Value Estimation
      $1,065,000
      2,129 SF

      1420 Frontage Rd

      RESTAURANT • 2,129 SF
      1420 Frontage Rd, Troutdale, OR 97060-9536
      View Details
    • Value Estimation
      $1,000,000
      3,584 SF

      1325 Hist Columbia Riv Hwy

      RESTAURANT • 3,584 SF
      1325 Hist Columbia Riv Hwy, Troutdale, OR 97060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,988 SF

      Former Restaurant on Sandy River

      Former restaurant with river views, includes equipment and recipes.
      1325 E Historic Columbia River Hwy, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Historic Downtown Office/Retail Opportunity

      Office/retail space in historic Troutdale, owner/user opportunity.
      249 E Historic Columbia River Hwy, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Historic Downtown Office/Retail Building

      Four units available in historic Troutdale, can be purchased separately.
      247 E Historic Columbia River Hwy, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Industrial Land Near I-84

      0.28 AC industrial land located north of I-84.
      886 Northwest Dunbar Ave, Troutdale, OR 97060
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      3,577 SF

      Retail Space in Troutdale Center

      Retail space with high visibility and easy highway access.
      2471-2477 SW Cherry Park Rd, Troutdale, OR 97060
      View Details
    • Contact for pricing
      954 SF

      New Retail Shops For Lease

      Retail shops for lease near I-84, ready in 2020.
      23565 NE Halsey St, Wood Village, OR 97060
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic shopping area near major retailers.
      23500 NE Sandy Blvd, Wood Village, OR 97060
      View Details
    • Contact for pricing
      55,964 SF

      Retail Anchor Position Available

      55,164 SF anchor space with excellent visibility and access.
      2483-2501 SW Cherry Park Rd, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Future Retail Pad Opportunity

      Future retail pad site with high visibility and easy access.
      2457 SW Cherry Park Rd, Troutdale, OR 97060
      View Details

    Property Visit Statistics

    • Visits by month
      12.9k
    • Visitors by month
      7.9k
    • Avg Time on site
      8 min
    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.
    2555 NE 238Th Dr
    Wood Village, OR 97060
    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
    2555 NE 238Th Dr, Wood Village, OR, 97060
    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!