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    3607 Corbett Ave Portland, OR 97239-4366
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    Property profile & analytics

    3607 Corbett Ave Portland, OR 97239-4366

    View on Map
    • Retail space
    • 0.30 lot acres
    Off-Market
    Property ID
    US71-0991213
    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
    Location Intelligence

    Current Use by Public Records

    • Professional Accounting & Business Consulting Inc / Consultant
    • Corbett Healing Center / Medical Clinic / Alternative Medicine Practice
    • Julia M. Fuller, Macom / Alternative Medicine Practice / Acupuncture
    • Trees Dispensary SW Portland / (Bike/Boat/Book/etc) Store

    Property Details for 3607 Corbett Ave

    Lot size
    0.30 lot acres
    Zone code
    R2
    Property type
    Retail space
    APN
    1S1E10CA 10400
    APU
    1S1E10CA10400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.677
    Latitude
    45.497
    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
    $3,237
    $0.00
    $0.00
    $122,290
    -
    $691,750
    $58,070
    $749,820

    Comparable in this City

    • Value Estimation
      $1,685,000
      8,962 SF

      5901 Corbett Ave, Unit 5915

      RETAIL STORES (PERSONAL SERVICES) • 8,962 SF
      5901 Corbett Ave, Portland, OR 97239-3709
      View Details
    • Value Estimation by Request
      10,120 SF

      6501 Macadam Ave

      Individual retail properties • 10,120 SF
      6501 Macadam Ave, Portland, OR 97239
      View Details
    • Value Estimation
      $775,000
      2,136 SF

      3332 Corbett Ave, Unit 3338

      RETAIL STORES (PERSONAL SERVICES) • 2,136 SF
      3332 Corbett Ave, Portland, OR 97239-4620
      View Details
    • Value Estimation
      $840,000
      4,508 SF

      6439 Macadam Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,508 SF
      6439 Macadam Ave, Portland, OR 97239-3555
      View Details
    • Value Estimation
      $1,615,000
      3,750 SF

      4440 Barbur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,750 SF
      4440 Barbur Blvd, Portland, OR 97239-4004
      View Details
    • Value Estimation
      $1,480,000
      8,348 SF

      6250 Capitol Hwy, Unit 6256

      RETAIL STORES (PERSONAL SERVICES) • 8,348 SF
      6250 Capitol Hwy, Portland, OR 97239-2674
      View Details

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      8,041 SF

      South Waterfront Retail Condo

      Retail condo in Portland's South Waterfront, investment opportunity.
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      Close-In SW Office Building

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      South Portland Office Building Opportunity

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      6,816 SF

      Office Space with Parking Lot

      Office space with parking lot in prime Portland location.
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    Similar Nearby for Lease

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      2,550 SF

      South Waterfront Retail Space Available

      Retail spaces available in Portland's South Waterfront trade area.
      S Bancroft St, Portland, OR 97239
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    • Contact for pricing
      1,845 SF

      Retail Space in Residential Building

      Ground floor retail space suitable for restaurant, fitness, or retail.
      3883 S Moody Ave, Portland, OR 97239
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    • Contact for pricing
      810 SF

      Retail/Restaurant Space with River Views

      Retail or restaurant space with river views and outdoor patio.
      3820 S River Pkwy, Portland, OR 97239
      View Details
    • Contact for pricing
      2,597 SF

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease in Portland, OR.
      3850 S Bond Ave, Portland, OR 97239
      View Details
    • $29 SF/Yr

      South Waterfront Restaurant/Service Space

      Second-generation restaurant/service space available in the South Waterfront neighborhood.
      3606-3682 S Bond Ave, Portland, OR 97239
      View Details
    • Contact for pricing

      Retail/Industrial Single Tenant Space

      17,659 SqFt retail or industrial single tenant space for rent.
      3714 S Macadam Ave, Portland, OR 97239
      View Details
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    3607 Corbett Ave
    Portland, OR 97239-4366
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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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