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    Property profile & analytics

    3202 82nd Ave Portland, OR 97266-2004

    • Investment properties
    • 1,977 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2021
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0042409
    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

    • Heather M. Smith, NP / Physician
    • Lynne Nguyen / Physician
    • J & P Account & Tax Services / Tax Preparation
    • Budget Insurance / Insurance Agency
    • Viet Online Solutions / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 3202 82nd Ave

    Year built
    1926
    Lot size
    0.10 lot acres
    Property size
    1,977 SF
    Zone code
    CG
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1S2E09BC 13800
    APU
    1S2E09BC13800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $652,000
      Market price range: $266k - $652k
      AI Estimate
      $652,000
      Market price range: $266k - $652k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $410,000
      Current use
      MEDICAL BUILDING
      $595,000
      Change: +47% Conversion: Easy
      RETAIL STORES
      $595,000
      Change: +46% Conversion: Easy
      OFFICE BUILDING
      $570,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $500,000
      Change: +22% Conversion: Difficult
      WAREHOUSE, STORAGE
      $405,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.578
    Latitude
    45.4991
    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
    $9,645
    $0.00
    $0.00
    $363,980
    -
    $197,500
    $523,340
    $720,840

    Comparable in this City

    • Value Estimation
      $740,000
      3,022 SF

      2550 109th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,022 SF
      2550 109th Ave, Portland, OR 97266-1215
      View Details
    • Value Estimation by Request
      1,805 SF

      6315 82nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,805 SF
      6315 82nd Ave, Portland, OR 97266-5607
      View Details
    • Value Estimation by Request
      854 SF

      5821 82nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 854 SF
      5821 82nd Ave, Portland, OR 97266-4817
      View Details
    • Value Estimation by Request
      1,120 SF

      8979 Division St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,120 SF
      8979 Division St, Portland, OR 97266-1447
      View Details
    • Value Estimation by Request
      616 SF

      11040 Division St

      OFFICE/RESIDENTIAL (MIXED USE) • 616 SF
      11040 Division St, Portland, OR 97266-1200
      View Details
    • Value Estimation
      $535,000
      2,852 SF

      8419 Woodstock Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,852 SF
      8419 Woodstock Blvd, Portland, OR 97266-5412
      View Details

    Similar Nearby for Sale

    • $345,000

      Foster Corridor Mixed-Use Development Site

      10,722 SF CM3 zoned land in Portland's Foster Corridor.
      9639 SE Foster Rd, Portland, OR 97266
      View Details
    • New
      $345,000
      0.25 Acres

      Foster Corridor Mixed-Use Development Site

      10,722 SF CM3 zoned land in Portland's Foster Corridor.
      9639 SE Foster Rd, Portland, OR 97266
      View Details
    • New
      $698,000
      4,500 SF

      Mixed-Use Investment Opportunity, Portland

      Mixed-use property with development potential in Portland, Oregon.
      8325 SE Division St, Portland, OR 97266
      View Details
    • $698,000
      5,500 SF

      Mixed-Use Property with Development Potential

      Mixed-use property with income and development opportunities in Portland.
      8325 Division St SE DIVISION, Portland, OR 97266
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    • $450,000

      Portland Cannabis Dispensary Opportunity

      Turn-key dispensary opportunity on high-traffic Holgate Blvd in Portland.
      Portland, OR 97266
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    • New
      $899,000
      0.22 Acres

      Three Detached Homes on Large Lot

      Three homes on a large lot with secured parking.
      8421 SE Insley St, Portland, OR 97266
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    Similar Nearby for Lease

    • Contact for pricing
      21,239 SF

      Division Street Retail Space Available

      Retail space for lease in vibrant Portland location.
      11906-121 SE Division St, Portland, OR 97266
      View Details
    • $15 SF/Yr

      Class A Office Sublease Portland

      Class A office space for sublease in SE Portland.
      2600 SE 98Th Ave, Portland, OR 97266
      View Details
    • Contact for pricing
      15,960 SF

      Industrial Warehouse Space For Rent

      Industrial warehouse space available for lease in Portland, Oregon.
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    • Contact for pricing
      8,400 SF

      Retail Space with Roll-Up Doors

      Retail property featuring roll-up doors and ample parking.
      10950 SE Division St, Portland, OR 97266
      View Details
    • Contact for pricing

      Street Level Office/Retail Space

      New office and retail space with high walk and transit scores.
      2922 SE 82Nd Ave, Portland, OR 97266
      View Details
    • Contact for pricing
      3,900 SF

      Retail Space Near Fred Meyer

      Retail space with drive-up lanes near Division Street.
      14701 SE Division St, Portland, OR 97266
      View Details
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    Portland, OR 97266-2004
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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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