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    Property profile & analytics

    3226 Johnson Crk Blvd Portland, OR 97222-9207

    • Retail space
    • 870 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1869573
    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

    • All Temp Pros / Building Supply
    • La Mota - Johnson Creek / (Bike/Boat/Book/etc) Store
    • D R Heating & Air / HVAC Service / General Contractor
    • Alderbrook & Associates Inc / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement

    Property Details for 3226 Johnson Crk Blvd

    Year built
    1949
    Lot size
    0.12 lot acres
    Property size
    870 SF
    Zone code
    CN2
    Property type
    Retail space
    APN
    1S1E24DC 06300
    APU
    1S1E24DC06300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.629
    Latitude
    45.4624
    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
    $4,222
    $0.00
    $0.00
    $159,330
    -
    $135,050
    $219,330
    $354,380

    Comparable in this City

    • Value Estimation
      $720,000
      2,400 SF

      8440 45th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      8440 45th Ave, Portland, OR 97222-4165
      View Details
    • Value Estimation by Request
      2,400 SF

      6335 Harmony Rd

      Individual retail properties • 2,400 SF
      6335 Harmony Rd, Milwaukie, OR 97222
      View Details
    • Value Estimation
      $1,295,000
      7,303 SF

      8409 45th Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,303 SF
      8409 45th Ave, Portland, OR 97222-4151
      View Details
    • Value Estimation
      $1,445,000
      5,200 SF

      3204 Johnson Crk Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      3204 Johnson Crk Blvd, Portland, OR 97222
      View Details
    • Value Estimation
      $2,050,000
      8,320 SF

      4427 Johnson Crk Blvd, Unit 4439

      RETAIL STORES (PERSONAL SERVICES) • 8,320 SF
      4427 Johnson Crk Blvd, Portland, OR 97222-9218
      View Details
    • Value Estimation by Request
      34,000 SF

      6130 King Rd

      Strip malls • 34,000 SF
      6130 King Rd, Milwaukie, OR 97222
      View Details

    Similar Nearby for Sale

    • $5,950,000

      Former Bob's Red Mill Store

      20,889 SF production and restaurant opportunity in Milwaukie, Oregon.
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      Redevelopment Potential Investment Property

      Investment property with redevelopment potential and credit tenant.
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    • $6,312,000
      146,797 SF

      Prime Milwaukie Commercial Property

      147,000 SF, $6.3M, Redevelopment Opportunity
      13515 Mcloughlin Blvd, Milwaukie, OR 97222
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    • Contact for pricing

      2.78 Acres Vacant Land

      2.78 acres of vacant land zoned R-7 for development.
      12201 SE Linwood Ave, Milwaukie, OR 97222
      View Details
    • New
      $400,000
      0.69 Acres

      Milwaukie Corner Lot for Development

      0.69-acre corner lot zoned MR-1, ideal for multi-family development.
      Parcel 05038972, Milwaukie, OR 97222
      View Details
    • New
      $1,200,000
      3,666 SF

      Pre-Construction Triplex Investment Opportunity

      New construction triplex in Milwaukie with 3 bed, 2 bath units.
      5041 SE King Rd, Milwaukie, OR 97222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,236 SF

      Retail Space on McLoughlin Blvd

      Retail space with high visibility in a dense residential area.
      13819 SE Mcloughlin Blvd, Milwaukie, OR 97222
      View Details
    • Contact for pricing
      3,909 SF

      Retail Space in Milwaukie Center

      Retail space in a strong Milwaukie power center.
      11030 SE Oak St, Milwaukie, OR 97222
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    • Contact for pricing
      1,920 SF

      Retail Space in Power Center

      Pad and shop space in Milwaukie power center.
      10802-10900 SE Oak St, Milwaukie, OR 97222
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    • $24 SF/Yr
      640 SF

      Retail Space on SE Linwood

      640 SF retail space with excellent exposure and parking.
      6100-6218 SE King Rd, Portland, OR 97222
      View Details
    • $22 SF/Yr

      Retail Space in Active Community

      640 SF retail space in Wichita Town Center.
      6102-6104 Southeast King Rd, Milwaukie, OR 97222
      View Details
    • Contact for pricing
      2,078 SF

      Renovated Retail Space for Rent

      Recently renovated retail space featuring entrances off McLoughlin Blvd.
      18801 SE Mcloughlin Blvd, Portland, OR 97222
      View Details
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    3226 Johnson Crk Blvd
    Portland, OR 97222-9207
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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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