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    Property profile & analytics

    3949 Williams Ave Portland, OR 97227-1444

    • Apartment buildings
    • 18,084 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $5,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0979116
    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

    • Grizzly Tattoo / Tattoo & Piercing Shop
    • Dagger Eyes Tattoo / Department Store

    Property Details for 3949 Williams Ave

    Year built
    2011
    Lot size
    0.27 lot acres
    Property size
    18,084 SF
    Zone code
    EXD
    Property type
    Apartment buildings
    APN
    1N1E22DC 00500
    APU
    1N1E22DC00500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,998,000
      Market price range: $2.88M - $7.14M
      AI Estimate
      $4,998,000
      Market price range: $2.88M - $7.14M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,810,000
      Current use
      RESTAURANT
      $6,195,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,520,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $5,460,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $5,430,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $5,225,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,210,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.667
    Latitude
    45.5514
    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
    $48,586
    $0.00
    $0.00
    $1,833,510
    -
    $1,217,160
    $5,625,220
    $6,842,380

    Comparable in this City

    • Value Estimation
      $7,725,000
      48,570 SF

      10 Weidler St

      APARTMENT HOUSE (5+ UNITS) • 48,570 SF
      10 Weidler St, Portland, OR 97227-1888
      View Details
    • Value Estimation
      $4,975,000
      12,598 SF

      3875 Mississippi Ave

      APARTMENT HOUSE (5+ UNITS) • 12,598 SF
      3875 Mississippi Ave, Portland, OR 97227-2019
      View Details
    • Value Estimation
      $3,000,000
      9,524 SF

      3755 Williams Ave

      APARTMENT HOUSE (5+ UNITS) • 9,524 SF
      3755 Williams Ave, Portland, OR 97227-2095
      View Details
    • Value Estimation
      $13,040,000
      49,046 SF

      101 Morris St

      APARTMENT HOUSE (5+ UNITS) • 49,046 SF
      101 Morris St, Portland, OR 97227-1572
      View Details
    • Value Estimation
      $3,300,000
      8,349 SF

      2320 Vancouver Ave

      APARTMENT HOUSE (5+ UNITS) • 8,349 SF
      2320 Vancouver Ave, Portland, OR 97227-2089
      View Details
    • Value Estimation
      $17,375,000
      43,985 SF

      4030 Williams Ave

      APARTMENT HOUSE (5+ UNITS) • 43,985 SF
      4030 Williams Ave, Portland, OR 97227-1872
      View Details

    Similar Nearby for Sale

    • $1,900,000

      New Multifamily in North Portland

      Six-unit multifamily property with condo-grade finishes in North Portland.
      3591 N Michigan Ave, Portland, OR 97227
      View Details
    • $2,224,000
      13,362 SF

      Mixed-Use Building with Income Potential

      Mixed-use property with commercial and residential units in Portland, OR.
      3039 N Williams Ave, Portland, OR 97227
      View Details
    • $2,595,000
      5,520 SF

      Michigan Ave Luxury 6-Plex

      Brand new, 6-unit apartment building in Portland.
      3591 Michigan Ave, Portland, OR 97227
      View Details
    • $6,000,000

      North Portland Apartment Complex

      30-unit apartment complex with retail space in Boise neighborhood.
      3755 N Williams Ave, Portland, OR 97227
      View Details
    • $1,900,000

      New Multifamily Building in Portland

      Six-unit multifamily property in North Portland's Overlook neighborhood.
      4060 N Montana Ave, Portland, OR 97227
      View Details
    • $2,224,000

      Multifamily Asset in Eliot Neighborhood

      Mixed-use property with commercial and residential units in Portland's Eliot neighborhood.
      3037-3041 N Monroe St, Portland, OR 97227
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      20,000 SF

      Portland Industrial Space For Lease

      Flexible Warehouse Space, 10,000-20,000 SF
      2336 Randolph Ave, Portland, OR 97227
      View Details
    • $28 SF/Yr
      12,213 SF

      Portland Retail Space - HUB Building

      Prime Portland retail, multiple suites available.
      3808 Williams Ave, Portland, OR 97227
      View Details
    • Contact for pricing

      Remodeled Creative Office Storefront Space

      Recently remodeled creative office space with storefront, easy highway access.
      687 N Tillamook St, Portland, OR 97227
      View Details
    • Contact for pricing

      Eastside Office with Shop Space

      Eastside office and shop space with secure yard and parking.
      2409 N Kerby Ave, Portland, OR 97227
      View Details
    • $0.75 SF/Yr

      North Portland Warehouse Space Available

      9,500 SF warehouse space in North Portland for lease.
      2303 N Randolph Ave, Portland, OR 97227
      View Details
    • Contact for pricing
      2,946 SF

      Retail Space on Mississippi Avenue

      Street-facing retail space in a vibrant neighborhood.
      3850 N Mississippi Ave, Portland, OR 97227
      View Details
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    3949 Williams Ave
    Portland, OR 97227-1444
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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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