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    4502 42nd Ave Portland, OR 97218-1604
    Property profile & analytics

    4502 42nd Ave, Portland, OR 97218-1604

    View on Map
    • Retail space
    • 1,962 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Sep 30, 2024
    $657,500
    Property ID
    US71-0638721
    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
    $660,000
    Show details
    Cap Rate Potential
    3.5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Jezebel's Last Standing Merrygoround / Cafe & Coffee Shop

    Property Details for 4502 42nd Ave

    Year built
    1925
    Lot size
    0.11 lot acres
    Zone code
    CGH
    Property type
    Retail space
    APN
    1N2E19BC 15600
    APU
    1N2E19BC15600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2024 $657,500 Answers Forty Two LLC Anthony D Robertson Warranty Deed $526k · Banner Bank
    Jun 28, 2024 — Anthony D Robertson — Deed · related $25k · Sm Realty LLC
    Aug 3, 2017 — Anthony D Robertson — Deed · related $210k · Mathew R Wise
    Mar 28, 2007 $192,841 Anthony D Robertson Robertson Eddie Trust Grant Deed $195k · Sterling Savings Bank
    Sep 7, 1999 $153,000 Eddie Robertson Berlund,lloyd E & Claire A Grant Deed $91k · Wells Fargo Bank
    Aug 1, 1991 $94,950 Lloyd E Berglund Unknown Grant Deed —
    — — Robertson Trust — Deed Of Trust · related $130k · Sterling Savings Bank
    — — Anthony D Robertson — Deed Of Trust · related $210k · Mathew R Wise

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $689,000
      Market price range: $348k - $844k
      AI Estimate
      $689,000
      Market price range: $348k - $844k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $590,000
      Current use
      AUTO REPAIR, GARAGE
      $600,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $595,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $565,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $565,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.62
    Latitude
    45.5557
    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
    $5,364
    $0.00
    $0.00
    $202,430
    -
    $300,000
    $185,000
    $485,000

    Comparable in this City

    • Value Estimation
      $1,550,000
      3,600 SF

      4721 Columbia Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4721 Columbia Blvd, Portland, OR 97218-1221
      View Details
    • Value Estimation by Request
      864 SF

      5401 Cully Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5401 Cully Blvd, Portland, OR 97218-3064
      View Details
    • Value Estimation
      $1,025,000
      2,380 SF

      6340 Lombard St, Unit 6412

      RETAIL STORES (PERSONAL SERVICES)
      6340 Lombard St, Portland, OR 97218-2928
      View Details
    • Value Estimation
      $2,860,000
      13,656 SF

      4636 42nd Ave

      RETAIL STORES (PERSONAL SERVICES)
      4636 42nd Ave, Portland, OR 97218-1606
      View Details
    • Value Estimation
      $1,300,000
      5,800 SF

      5013 42nd Ave, Unit 5027

      RETAIL STORES (PERSONAL SERVICES)
      5013 42nd Ave, Portland, OR 97218-1503
      View Details
    • Value Estimation by Request
      630 SF

      4565 60th Ave

      RETAIL STORES (PERSONAL SERVICES)
      4565 60th Ave, Portland, OR 97218-2606
      View Details

    Similar Nearby for Sale

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      63,916 SF

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      Two-tenant investment property with long-term NNN lease and high visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      1,040 SF

      Retail Space in PDX Airport

      Retail space in high-traffic PDX airport district.
      4705 NE Columbia Blvd, Portland, OR 97218
      View Details
    • Contact for pricing
      1,430 SF

      Retail Space in Portland, Oregon

      Retail space available for lease in Portland, Oregon.
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      View Details
    • Contact for pricing
      3,678 SF

      Portland Office Space Near Airport

      Office space near Portland Airport with recent property upgrades.
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      1,750 SF

      Office Space Near PDX Airport

      Office space for rent, one mile from PDX airport.
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      Office Space Near PDX Airport

      Office space with access to PDX, I-205, and I-84.
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    • Contact for pricing

      Industrial Outdoor Storage Near Airport

      13.41 AC industrial land for lease near Portland Airport.
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      View Details
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    4502 42nd Ave
    Portland, OR 97218-1604
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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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