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

    2600 Belmont St Portland, OR 97214-2916

    • Medical offices
    • 10,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0566178
    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

    • Belmont Comprehensive Treatment Center / Addiction Treatment Center
    • Kimberly Lehnherr / Counselor
    • JOSHUA R LEIBOVITZ / Emergency Care Physician
    • Elisha M. Waters, BA / Doctor
    • MATILDA MARTHA MENGIS / Psychiatrist

    Property Details for 2600 Belmont St

    Year built
    1955
    Lot size
    0.23 lot acres
    Property size
    10,000 SF
    Zone code
    CS
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1S1E01BB 11800
    APU
    1S1E01BB11800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,433,000
      Market price range: $1.43M - $4.19M
      AI Estimate
      $1,433,000
      Market price range: $1.43M - $4.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.639
    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
    $12,795
    $0.00
    $0.00
    $482,850
    -
    $1,094,520
    $1,051,700
    $2,146,220

    Comparable in this City

    • Value Estimation
      $1,950,000
      6,770 SF

      1330 Cesar E Chavez Blvd

      MEDICAL BUILDING • 6,770 SF
      1330 Cesar E Chavez Blvd, Portland, OR 97214-4322
      View Details
    • Value Estimation by Request
      0.08 Acres

      3418 Wi Se Belmont St

      MEDICAL BUILDING • 0.08 Acres
      3418 Wi Se Belmont St, Portland, OR 97214
      View Details
    • Value Estimation
      $1,630,000
      5,000 SF

      522 Belmont St

      MEDICAL BUILDING • 5,000 SF
      522 Belmont St, Portland, OR 97214-2308
      View Details
    • Value Estimation
      $585,000
      1,777 SF

      3418 Belmont St

      MEDICAL BUILDING • 1,777 SF
      3418 Belmont St, Portland, OR 97214-4247
      View Details
    • Value Estimation
      $1,330,000
      3,180 SF

      2525 Burnside St

      MEDICAL BUILDING • 3,180 SF
      2525 Burnside St, Portland, OR 97214-1753
      View Details
    • Value Estimation by Request
      0.11 Acres

      2901 Wi E Burnside St

      MEDICAL BUILDING • 0.11 Acres
      2901 Wi E Burnside St, Portland, OR 97214
      View Details

    Similar Nearby for Sale

    • $1,300,000
      5,145 SF

      Abbey House: Hawthorne District Gem

      Mixed-use building, strong NOI, value-add potential.
      2928 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
    • $1,795,000
      7,500 SF

      Two-Story Office Building For Sale

      7,500 SF owner-user office building with flexible layout.
      1430 SW Clay St, Portland, OR 97214
      View Details
    • $1,385,000
      4,000 SF

      Remodeled Office/Warehouse Flex Property

      Two-story, 4,000 SF office/industrial flex property with rooftop garden.
      1020 SE Harrison St, Portland, OR 97214
      View Details
    • Contact for pricing
      18,248 SF

      Historic Portland Property with Renovation

      Historic Portland property suitable for event, restaurant, or creative space.
      537 SE Alder St, Portland, OR 97214
      View Details
    • $3,350,000
      10,800 SF

      Office Building with Roll-Up Door

      Office building built in 2007 with CM2 zoning.
      1224 SE Oak St, Portland, OR 97214
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,451 SF

      Portland Retail/Office Opportunity

      Prime Portland location, 1,451 sq ft.
      1431 23Rd Ave, Portland, OR 97214
      View Details
    • Contact for pricing
      5,019 SF

      Freestanding Building with Parking Available

      Flexible office/retail/medical space with high visibility and parking.
      2927 E Burnside St, Portland, OR 97214
      View Details
    • $17 SF/Yr
      18,500 SF

      Mt. Everest Building: Portland Office Space

      Prime Portland Office, Multiple Suites Available
      819 Morrison 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
      13,400 SF

      Portland Executive Office & Warehouse

      13,400 SF, Single Tenant, Prime Location
      707 Belmont St, Portland, OR 97214
      View Details
    • Contact for pricing

      Ford District Creative Workspace

      Creative workspace in Portland's Central Eastside Ford District.
      2421 SE 11Th Ave, 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.
    2600 Belmont St
    Portland, OR 97214-2916
    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.