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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4840 Sandy Blvd Portland, OR 97213-2078

    • Office Properties & Spaces
    • 7,942 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2021
    $2,225,000
    Value Estimations
    $1,955,000
    Show details
    Cap Rate Potential
    4.8%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US71-0123858
    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

    • Office Properties & Spaces

    Property Details for 4840 Sandy Blvd

    Year built
    1978
    Lot size
    0.21 lot acres
    Property size
    7,942 SF
    Zone code
    R1
    Property type
    Office Properties & Spaces
    APN
    1N2E30CA 15800
    APU
    1N2E30CA15800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,785,000
      6.5%
      $1,650,000
      7%
      $1,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,679,000
      Market price range: $1.68M - $3.03M
      AI Estimate
      $1,679,000
      Market price range: $1.68M - $3.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,000,000
      Current use
      RESTAURANT
      $2,720,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,425,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $2,400,000
      Change: +20% Conversion: Easy
      OFFICE BUILDING
      $2,295,000
      Change: +15% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,110,000
      Change: +6% Conversion: Moderate
      RETAIL STORES
      $1,825,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.613
    Latitude
    45.5387
    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
    $16,698
    $0.00
    $0.00
    $630,150
    -
    $722,000
    $1,015,040
    $1,737,040

    Comparable in this City

    • Value Estimation by Request
      11,790 SF

      5314 Irving St

      OFFICE (GENERAL) • 11,790 SF
      5314 Irving St, Portland, OR 97213-3158
      View Details
    • Value Estimation
      $1,690,000
      3,788 SF

      6011 Oregon St

      OFFICE (GENERAL) • 3,788 SF
      6011 Oregon St, Portland, OR 97213-4300
      View Details
    • Value Estimation
      $505,000
      2,746 SF

      7031 Halsey St

      OFFICE (GENERAL) • 2,746 SF
      7031 Halsey St, Portland, OR 97213-5318
      View Details
    • Value Estimation by Request
      29,790 SF

      1827 44th Ave

      OFFICE (GENERAL) • 29,790 SF
      1827 44th Ave, Portland, OR 97213-1443
      View Details
    • Value Estimation by Request
      900 SF

      206 80th Ave

      OFFICE (GENERAL) • 900 SF
      206 80th Ave, Portland, OR 97213-7016
      View Details
    • Value Estimation by Request
      36,240 SF

      7931 Halsey St

      OFFICE (GENERAL) • 36,240 SF
      7931 Halsey St, Portland, OR 97213-6755
      View Details

    Similar Nearby for Sale

    • $995,000
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      Montavilla Auto Repair Shop Opportunity

      Prime Portland location, 3400 sq ft building.
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    • $595,000

      Duplex in Williams Street District

      Duplex on a large lot with stone patios and decks.
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      Turnkey Fourplex in NE Portland

      Fully occupied fourplex with remodeled units and strong income potential.
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    • $320,000
      0.10 Acres

      Vacant Lot in Rose City

      4,500 SF vacant lot in Portland's Rose City neighborhood.
      7020 NE Stanton St, Portland, OR 97213
      View Details
    • $3,999,900
      12,240 SF

      New Construction Apartment Complex

      Fully leased, 15-unit apartment complex in North Tabor, Portland.
      232 NE 61St Ave, Portland, OR 97213
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      14,317 SF

      Retail/Office Space in Beaumont-Alameda

      Retail and office space in a desirable East side neighborhood.
      4803 NE Fremont St, Portland, OR 97213
      View Details
    • Contact for pricing

      Office Space in Hollywood District

      Class A office space in Portland's Hollywood District.
      4224 NE Halsey St, Portland, OR 97213
      View Details
    • $19 SF/Yr
      17,846 SF

      Versatile Retail/Showroom Space Available

      Prime Portland commercial property suitable for office, retail, or showroom.
      1815 Northeast 43Rd Ave, Portland, OR 97213
      View Details
    • $20 SF/Yr
      1,118 SF

      Office Space in Portland, Oregon

      Office space available for lease in Portland, Oregon.
      1827 NE 44Th Ave, Portland, OR 97213
      View Details
    • Contact for pricing
      1,076 SF

      Turn-Key Office or Retail Space

      Office or retail space with kitchenette and private office.
      5200-5220 NE Sacramento St, Portland, OR 97213
      View Details
    • $22 SF/Yr
      5,391 SF

      Prime Portland Retail Space

      5,391 SF Retail Building, Abundant Parking
      6517 Sandy Blvd, Portland, OR 97213
      View Details
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    4840 Sandy Blvd
    Portland, OR 97213-2078
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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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