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

    479 18th Ave Portland, OR 97209-2217

    • Hotels
    • 12,797 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1505198
    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

    • HI Portland Northwest Hostel / Hostel / Bed & Breakfast
    • International Hostel / Hotel
    • NW Portland Hostel / Hostel / Bed & Breakfast
    • Bounce Luggage Storage - 24/7 Providence Park / Luggage Storage Facility / Luggage Store

    Property Details for 479 18th Ave

    Year built
    2017
    Lot size
    0.07 lot acres
    Property size
    12,797 SF
    Zone code
    EXD
    Property type
    Hotels
    APN
    1N1E33DB 01300
    APU
    1N1E33DB01300

    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
    -122.69
    Latitude
    45.5262
    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
    $35,364
    $0.00
    $0.00
    $1,335,820
    -
    $1,360,000
    $2,095,690
    $3,455,690

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      203 3rd Ave, Unit 209

      HOTEL • 12,000 SF
      203 3rd Ave, Portland, OR 97209-3910
      View Details
    • Value Estimation by Request
      172,700 SF

      1150 9th Ave

      HOTEL • 172,700 SF
      1150 9th Ave, Portland, OR 97209-3583
      View Details
    • Value Estimation by Request
      15,540 SF

      101 Burnside St, Unit 117

      HOTEL • 15,540 SF
      101 Burnside St, Portland, OR 97209-4007
      View Details
    • Value Estimation by Request
      51,087 SF

      15 4th Ave

      HOTEL • 51,087 SF
      15 4th Ave, Portland, OR 97209-3801
      View Details
    • Value Estimation by Request
      82,466 SF

      425 9th Ave

      HOTEL • 82,466 SF
      425 9th Ave, Portland, OR 97209-3308
      View Details
    • Value Estimation by Request
      6,984 SF

      425 18th Ave

      HOTEL • 6,984 SF
      425 18th Ave, Portland, OR 97209-2217
      View Details

    Similar Nearby for Sale

    • $18,500,000
      2.76 Acres

      Pearl District Waterfront Land

      Prime 2.76-acre waterfront development site.
      1462 Naito Pkwy, Portland, OR 97209
      View Details
    • $205,000

      Historic Tudor Arms Remodel

      Stunning remodeled top-floor unit with natural light and city views.
      1811 NW Couch St, Portland, OR 97209
      View Details
    • $780,000

      Stunning High-Rise Condo with Views

      Sophisticated 17th-floor condo in Portland's Pearl District with city views.
      1150 NW Quimby St, Portland, OR 97209
      View Details
    • $274,000

      Downtown Portland Loft with Views

      Modern corner unit with city views, convenient parking, and storage.
      411 NW Flanders St, Portland, OR 97209
      View Details
    • $560,000

      Portland Condo with Mountain Views

      2-bedroom condo with panoramic mountain and bridge views in Portland.
      1926 W Burnside St, Portland, OR 97209
      View Details
    • $265,000
      922 SF

      Charming Condo in Alphabet District

      Historic 2-bedroom condo in well-maintained building with great light.
      1631 NW Everett St, Portland, OR 97209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,660 SF

      Pearl District Coworking Space

      Prime Portland coworking space, 1660 sq ft.
      151 9Th Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      70,000 SF

      Upshur Street Creative Office Space

      Historic Portland creative office, 875 sq ft available.
      1801 Upshur St, Portland, OR 97209
      View Details
    • $40 SF/Yr
      7,591 SF

      Portland Retail Space - Burnside St

      Prime Portland retail, multiple suites available.
      1972 Burnside St, Portland, OR 97209
      View Details
    • $37 SF/Yr
      199,000 SF

      The Gossamer: Pearl District Retail

      Prime Portland Retail & Restaurant Space
      255 10Th Ave, Portland, OR 97209
      View Details
    • $22 SF/Yr
      15,000 SF

      Portland Pearl District Office Space

      Executive Suites, Historic Charm, 7,240 SF Available
      1104 15Th Ave, Portland, OR 97209
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space with Unique Features

      Retail space featuring skylights, mezzanine, and high traffic location.
      500-516 NW 14Th Ave, Portland, OR 97209
      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.
    479 18th Ave
    Portland, OR 97209-2217
    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.