Add Listing
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

    2857 Gladstone St Portland, OR 97202-3566

    • Apartment buildings
    • 2,856 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0590192
    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 2857 Gladstone St

    Year built
    1965
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    2,856 SF
    Zone code
    CN1
    Property type
    Apartment buildings
    APN
    1S1E12CC 00400
    APU
    1S1E12CC00400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $876,000
      Market price range: $476k - $1.15M
      AI Estimate
      $876,000
      Market price range: $476k - $1.15M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $825,000
      Current use
      RETAIL STORES
      $955,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $870,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $865,000
      Change: +5% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $830,000
      Change: +1% Conversion: Moderate
      OFFICE BUILDING
      $825,000
      Change: +0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.636
    Latitude
    45.4935
    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
    $8,353
    $0.00
    $0.00
    $315,210
    -
    $450,000
    $377,210
    $827,210

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      2510 33rd Pl

      APARTMENT HOUSE (5+ UNITS) • 0.18 Acres
      2510 33rd Pl, Portland, OR 97202-1498
      View Details
    • Value Estimation
      $1,545,000
      6,138 SF

      1112 Tacoma St

      APARTMENT HOUSE (5+ UNITS) • 6,138 SF
      1112 Tacoma St, Portland, OR 97202-6500
      View Details
    • Value Estimation
      $3,545,000
      8,825 SF

      2701 Clinton St

      APARTMENT HOUSE (5+ UNITS) • 8,825 SF
      2701 Clinton St, Portland, OR 97202-1186
      View Details
    • Value Estimation by Request
      222,120 SF

      2813 Colt Dr, Unit 2847

      APARTMENT HOUSE (5+ UNITS) • 222,120 SF
      2813 Colt Dr, Portland, OR 97202-4494
      View Details
    • Value Estimation
      $1,645,000
      5,688 SF

      3728 Cesar E Chavez Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,688 SF
      3728 Cesar E Chavez Blvd, Portland, OR 97202-1773
      View Details
    • Value Estimation
      $1,060,000
      2,635 SF

      3930 Francis St

      APARTMENT HOUSE (5+ UNITS) • 2,635 SF
      3930 Francis St, Portland, OR 97202-3297
      View Details

    Similar Nearby for Sale

    • New
      $2,349,900
      5,476 SF

      New 6-Plex Investor Opportunity

      Modern 6-unit multifamily property in Portland's Arbor Lodge neighborhood.
      1873 SE Tacoma St, Portland, OR 97202
      View Details
    • New
      $1,599,999
      3,626 SF

      Versatile Multifamily Property in Portland

      Two detached homes on a .30-acre lot in Southeast Portland.
      3126 SE 20Th Ave, Portland, OR 97202
      View Details
    • $1,195,000
      1,640 SF

      Updated Multifamily Property in Portland

      Updated property with multiple income streams in vibrant Hosford-Abernethy.
      3324 SE 24Th Ave, Portland, OR 97202
      View Details
    • $3,000,000

      Sellwood Multifamily Development Opportunity

      Permit-ready, 38-unit potential, prime location.
      1269 Tenino St, Portland, OR 97202
      View Details
    • $299,900

      Charming Duplex Near Reed College

      Duplex in Reed neighborhood, ideal for student housing or investment.
      5181 SE 28Th Ave, Portland, OR 97202
      View Details
    • $879,950

      New Portland Multifamily with ADU

      New construction multifamily property with ADU in Portland, Oregon.
      2458 SE Cora St, Portland, OR 97202
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,102 SF

      Portland Retail Space: 2102 sq ft

      Prime Portland retail space within established gym.
      4546 Mcloughlin Blvd, Portland, OR 97202
      View Details
    • Contact for pricing
      4,400 SF

      Warehouse/Storage Space Available

      4,400 SF warehouse/storage opportunity.
      4030 SE Division St, Portland, OR 97202
      View Details
    • Contact for pricing
      12,085 SF

      Divisible Full Floor Office Space

      Plug-and-play office space with modern amenities available for rent.
      2740 SE Powell Blvd, Portland, OR 97202
      View Details
    • Contact for pricing
      636 SF

      Office Space Available For Rent

      Office space available for rent in Portland, Oregon.
      3880 SE 8Th Ave, Portland, OR 97202
      View Details
    • $22 SF/Yr
      16,413 SF

      River Park Center Office Suites

      A-Class Multnomah County office space.
      205 Spokane St, Portland, OR 97202
      View Details
    • Contact for pricing
      3,080 SF

      Medical Space Available for Lease

      3,080 SF former medical space available for lease.
      7215 SE Milwaukie Ave, Portland, OR 97202
      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.
    2857 Gladstone St
    Portland, OR 97202-3566
    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.
    Sign Up Successful!
    You now have access to more from Realmo!