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

    2709 160th Ave Portland, OR 97236-2045

    • Apartment buildings
    • 5,256 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $1,970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0066088
    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

    • Apartment buildings

    Property Details for 2709 160th Ave

    Year built
    1968
    Lot size
    0.82 lot acres
    Property size
    5,256 SF
    Zone code
    R2A
    Property type
    Apartment buildings
    APN
    1S2E12AA 03200
    APU
    1S2E12AA03200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,972,000
      Market price range: $836k - $2.08M
      AI Estimate
      $1,972,000
      Market price range: $836k - $2.08M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,395,000
      Current use
      RESTAURANT
      $1,800,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,605,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $1,590,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $1,580,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $1,520,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,515,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.499
    Latitude
    45.503
    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
    $16,297
    $0.00
    $0.00
    $723,380
    -
    $356,270
    $1,556,890
    $1,913,160

    Comparable in this City

    • Value Estimation by Request
      0.88 Acres

      3917-4109 Wi Se 122nd Ave

      APARTMENT HOUSE (5+ UNITS) • 0.88 Acres
      3917-4109 Wi Se 122nd Ave, Portland, OR 97236
      View Details
    • Value Estimation
      $8,155,000
      44,528 SF

      2916 125th Ave

      APARTMENT HOUSE (5+ UNITS) • 44,528 SF
      2916 125th Ave, Portland, OR 97236-3179
      View Details
    • Value Estimation
      $1,435,000
      9,030 SF

      6439 143rd Ct

      APARTMENT HOUSE (5+ UNITS) • 9,030 SF
      6439 143rd Ct, Portland, OR 97236-8925
      View Details
    • Value Estimation
      $2,180,000
      5,520 SF

      12330 Wi Se Bush St

      APARTMENT HOUSE (5+ UNITS) • 5,520 SF
      12330 Wi Se Bush St, Portland, OR 97236
      View Details
    • Value Estimation
      $3,465,000
      8,775 SF

      12330 Wi Se Bush St

      APARTMENT HOUSE (5+ UNITS) • 8,775 SF
      12330 Wi Se Bush St, Portland, OR 97236
      View Details
    • Value Estimation
      $4,730,000
      29,760 SF

      13145 Division St

      APARTMENT HOUSE (5+ UNITS) • 29,760 SF
      13145 Division St, Portland, OR 97236-3067
      View Details

    Similar Nearby for Sale

    • $8,300,000

      Portland Multifamily Investment Opportunity

      48-unit apartment complex, high ROI potential
      2500 157Th Ave, Portland, OR 97236
      View Details
    • Contact for pricing

      Portland Multifamily Investment Opportunity

      Well-maintained apartment building with strong income and recent improvements.
      12920 SE Powell Blvd, Portland, OR 97236
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    • $1,599,000
      10,350 SF

      Townhouse 6-Plex Plus Detached Home

      Townhouse style 6-plex with detached home and development potential.
      2544 SE 141St Ave, Portland, OR 97236
      View Details
    • $44,500

      Remodeled Home in 55+ Community

      Remodeled 2 bed, 1 bath home in Portland 55+ community.
      16745 SE Division St, Portland, OR 97236
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    • $399,900
      2,340 SF

      Portland Duplex: Income Potential

      2006-built townhouse-style duplex with attached garages and private outdoor space.
      2525 SE 136Th Ave, Portland, OR 97236
      View Details
    • $685,000
      2,326 SF

      Modern Dual-Dwelling Income Property

      2018 built duplex with income potential in Portland, Oregon.
      3223 SE 122Nd Ave, Portland, OR 97236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail Space at Division Crossing

      Retail space with high visibility and accessibility in Portland, OR.
      16261 SE Division St, Portland, OR 97236
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space at Lit Intersection

      Retail space available at a corner location in Portland, Oregon.
      17218 SE Powell Blvd, Portland, OR 97236
      View Details
    • Contact for pricing

      Commercial Land in Airport Way

      Located in the heart of the Airport Way trade area.
      5950 NE 122Nd Ave, Portland, OR 97236
      View Details
    • Contact for pricing

      Retail Space Near Fred Meyer

      Retail suites available in high-visibility Portland location.
      2520 SE 145Th Ave, Portland, OR 97236
      View Details
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    2709 160th Ave
    Portland, OR 97236-2045
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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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