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    29 NE 122Nd Ave Portland, OR 97230
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    Property profile & analytics

    29 NE 122Nd Ave Portland, OR 97230

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    • Investment properties
    • 1,092 SF
    • 0.25 lot acres
    For Sale
    $540,000
    View Listing →
    Redevelopment Opportunity in Hazelwood For Sale
    $540,000

    Redevelopment Opportunity in Hazelwood

    Redevelopment opportunity with flexible zoning and high visibility.

    29 NE 122nd Avenue, Portland, OR 97230
    View Listing
    Property ID
    US71-0159414
    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
    2.8%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 29 NE 122Nd Ave

    Year built
    1950
    Lot size
    0.25 lot acres
    Property size
    1,092 SF
    Zone code
    CM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1N2E34DA 08800
    APU
    1N2E34DA08800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $471,000
      Market price range: $194k - $471k
      AI Estimate
      $471,000
      Market price range: $194k - $471k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $335,000
      MEDICAL BUILDING
      $330,000
      RETAIL STORES
      $330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.538
    Latitude
    45.523
    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
    $5,032
    $0.00
    $0.00
    $214,110
    -
    $328,850
    $151,030
    $479,880

    Comparable in this City

    • Value Estimation
      $550,000
      1,392 SF

      12741 Halsey St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,392 SF
      12741 Halsey St, Portland, OR 97230-2343
      View Details
    • Value Estimation by Request
      1,071 SF

      16132 Glisan St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,071 SF
      16132 Glisan St, Portland, OR 97230-5439
      View Details
    • Value Estimation by Request
      1,132 SF

      320 181st Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,132 SF
      320 181st Ave, Portland, OR 97230-6618
      View Details
    • Value Estimation by Request
      1,552 SF

      338 181st Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,552 SF
      338 181st Ave, Portland, OR 97230-6618
      View Details
    • Value Estimation by Request
      1,560 SF

      15611 Glisan St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,560 SF
      15611 Glisan St, Portland, OR 97230-4867
      View Details
    • Value Estimation by Request
      774 SF

      906 122nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 774 SF
      906 122nd Ave, Portland, OR 97230-2005
      View Details

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      17,500 SF

      Well-Maintained Strip Mall Investment

      Fully leased strip mall with expansion and income potential.
      13116 NE Sandy Blvd, Portland, OR 97230
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    • $345,000
      1,464 SF

      15350 NE SANDY, Portland, OR 97230

      Live-work space • 1,464 SF
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      Gresham Land Development Opportunity

      1.58 acre site zoned CMU in Gresham, Oregon.
      Apn R321760, Portland, OR 97230
      View Details
    • Contact for pricing

      Gresham Industrial Buildings For Sale

      Industrial buildings in Gresham Enterprise Zone with E-Commerce overlay.
      3003 NE 172Nd Pl, Gresham, OR 97230
      View Details
    • $349,999

      NE Halsey Street Land Opportunity

      Land available on NE Halsey Street in Portland, Oregon.
      15412 NE Halsey St, Portland, OR 97230
      View Details
    • $299,000
      0.28 Acres

      Remodeled Home Near Glendoveer Golf

      Move-in ready 2-bedroom home on a large lot.
      15412 NE Halsey St, Portland, OR 97230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Portland, Oregon.
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      26,310 SF

      Creative Office and Warehouse Space

      Office, warehouse, and yard space with mountain views available.
      16662 NE Mason St, Portland, OR 97230
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      3,660 SF

      Flex Space Near Airport

      Flex space with office, drive-in door, and highway access.
      12207 NE Marx St, Portland, OR 97230
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    • Contact for pricing

      Office Suite with Dental Infrastructure

      1,240 SF office suite ideal for medical or general use.
      Portland, OR 97230
      View Details
    • $2,000 /Mo
      1,240 SF

      Office Suite with Dental Infrastructure

      1,240 SF office suite ideal for dental or general use.
      202 NE 181St Ave, Portland, OR 97230
      View Details
    • Contact for pricing

      Class-A Industrial Space For Rent

      Class-A industrial space with flexible configurations in East Columbia Corridor.
      4251 NE 185Th Dr, Portland, OR 97230
      View Details
    View Listing
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    29 NE 122Nd Ave
    Portland, OR 97230
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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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    29 NE 122Nd Ave, Portland, OR, 97230
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