Sign Up Successful!
You now have access to more from Realmo!
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

    3800 Naef Rd Milwaukie, OR 97267

    • Industrial properties
    • 8.28 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    $15,100,000
    Value Estimations
    $15,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1000074
    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

    • Industrial properties

    Property Details for 3800 Naef Rd

    Year built
    1968
    Lot size
    8.28 lot acres
    Zone code
    I2
    Property type
    Industrial properties
    APN
    21E13A 02600
    APU
    21E13A02600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,100,000
      ML approach
      $15,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukie
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.623
    Latitude
    45.3995
    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
    $122,103
    $0.00
    $0.00
    $6,249,126
    -
    $4,376,022
    $11,195,740
    $15,571,762

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      16600 Kens Ct

      INDUSTRIAL (GENERAL) • 1.10 Acres
      16600 Kens Ct, Milwaukie, OR 97267-4729
      View Details
    • Value Estimation by Request
      1.97 Acres

      4001 Roethe Rd

      INDUSTRIAL (GENERAL) • 1.97 Acres
      4001 Roethe Rd, Milwaukie, OR 97267-5646
      View Details
    • Value Estimation by Request
      1.16 Acres

      Portland, OR 97267

      INDUSTRIAL (GENERAL) • 1.16 Acres
      Portland, OR 97267
      View Details
    • Value Estimation by Request
      2.77 Acres

      3777 Naef Rd

      INDUSTRIAL (GENERAL) • 2.77 Acres
      3777 Naef Rd, Milwaukie, OR 97267-5614
      View Details
    • Value Estimation by Request
      1.15 Acres

      3811 Naef Rd

      INDUSTRIAL (GENERAL) • 1.15 Acres
      3811 Naef Rd, Milwaukie, OR 97267-5615
      View Details
    • Value Estimation by Request

      3800 Naef Rd

      INDUSTRIAL (GENERAL)
      3800 Naef Rd, Milwaukie, OR 97267
      View Details

    Similar Nearby for Sale

    • $449,900
      1,711 SF

      Charming Detached Condo with Loft

      Comfortable 3-bedroom condo with loft, ample storage, and dog park.
      5227 SE Bandon Ln, Milwaukie, OR 97267
      View Details
    • $125,000
      0.30 Acres

      Buildable Lot in Prime Milwaukie

      Spacious, level 1/3-acre lot in a desirable Milwaukie location.
      SE Jennings Ave, Milwaukie, OR 97267
      View Details
    • $199,900
      1.00 Acre

      Milwaukie Land For Sale

      Over one acre of developable land in Clackamas County.
      SE Minerva Ln, Portland, OR 97267
      View Details
    • $519,000

      Well-Maintained Home with High-End Finishes

      Beautiful 4 bed, 2.5 bath home with fenced private yard.
      7874 SE Sporri Ln, Milwaukie, OR 97267
      View Details
    • $499,500
      3,182 SF

      Freestanding Retail/Restaurant Space Available

      Freestanding retail or restaurant space on Oregon Route 99E.
      18893 Southeast Mcloughlin Blvd, Milwaukie, OR 97267
      View Details
    • $300,000
      6,047 SF

      Milwaukie Land For Sale

      Commercial land available in Milwaukie, Oregon, near McLoughlin Blvd.
      4514 SE Boardman Ave, Milwaukie, OR 97267
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      SE Portland Warehouse For Rent

      Warehouse space in SE Portland with dock and grade loading.
      3783 SE Naef Rd, Milwaukie, OR 97267
      View Details
    • $18 SF/Yr
      19,687 SF

      Retail Space on McLoughlin Boulevard

      Retail space with back access and pylon signage available.
      17401 SE Mcloughlin Blvd, Portland, OR 97267
      View Details
    • Contact for pricing
      2,382 SF

      Retail Space in Milwaukie Center

      Retail space available in high-traffic Milwaukie location.
      14621-14627 SE Mcloughlin Blvd, Milwaukie, OR 97267
      View Details
    • Contact for pricing
      1,242 SF

      Retail Space with Ample Parking

      Retail space with strong traffic, anchored by Embold Credit Union.
      15015-15099 SE Mcloughlin Blvd, Portland, OR 97267
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space with Ample Parking

      Retail space anchored by Embold Credit Union Headquarters.
      15117-15129 SE Mcloughlin Blvd, Portland, OR 97267
      View Details
    • $24 SF/Yr
      1,800 SF

      Retail Space on Busy Thoroughfare

      Retail space available on high-traffic McLoughlin Blvd.
      15192-15224 SE Mcloughlin Blvd, Milwaukie, OR 97267
      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.
    3800 Naef Rd
    Milwaukie, OR 97267
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.