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    Property profile & analytics

    51536 2nd St Scappoose, OR 97056-4551

    • Outlet malls
    • 31,350 SF
    • 2.89 lot acres
    OFF-MARKET
    Value Estimations
    $5,535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0398942
    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

    • Bi-Mart Membership Discount Stores / Discount Store

    Property Details for 51536 2nd St

    Year built
    2015
    Lot size
    2.89 lot acres
    Property size
    31,350 SF
    Zone code
    SC:MH
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    3213-DB-00100
    APU
    3213DB00100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,090,000
      6.5%
      $5,620,000
      7%
      $5,220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,447,000
      Market price range: $1.83M - $5.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,565,000
      Current use
      COMMERCIAL (GENERAL)
      $3,855,000
      Change: +8% Conversion: Easy
      RESTAURANT
      $3,445,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scappoose
    County
    Columbia
    State
    Oregon
    Longitude
    -122.874
    Latitude
    45.7428
    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
    $68,578
    $1,088,520
    $2,971,340
    $4,059,860
    -
    $1,299,340
    $3,830,560
    $5,129,900

    Comparable in this City

    • Value Estimation
      $27,425,000
      155,350 SF

      51509 Columbia Riv Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 155,350 SF
      51509 Columbia Riv Hwy, Scappoose, OR 97056-4407
      View Details
    • Value Estimation by Request
      4,788 SF

      51911 Columbia Riv Hwy

      SHOPPING CENTER, STRIP CENTER • 4,788 SF
      51911 Columbia Riv Hwy, Scappoose, OR 97056-4436
      View Details
    • Value Estimation by Request
      4,824 SF

      33548 Edward Ln

      SHOPPING CENTER, STRIP CENTER • 4,824 SF
      33548 Edward Ln, Scappoose, OR 97056-3838
      View Details
    • Value Estimation
      $1,380,000
      28,986 SF

      33444 Havlik Dr

      SHOPPING CENTER, STRIP CENTER • 28,986 SF
      33444 Havlik Dr, Scappoose, OR 97056-3836
      View Details
    • Value Estimation by Request
      7,435 SF

      51577 Columbia Riv Hwy Ste C

      SHOPPING CENTER, STRIP CENTER • 7,435 SF
      51577 Columbia Riv Hwy Ste C, Scappoose, OR 97056-8409
      View Details
    • Value Estimation by Request
      6,320 SF

      52490 2nd St

      SHOPPING CENTER, STRIP CENTER • 6,320 SF
      52490 2nd St, Scappoose, OR 97056-3626
      View Details

    Similar Nearby for Sale

    • $1,725,000
      5.93 Acres

      Scappoose Industrial Land - $1.725M

      5.93-acre commercial/industrial lot, ready to build.
      0 Land Rd, Scappoose, OR 97056
      View Details
    • Contact for pricing

      Scappoose Land Ready for Development

      Level, rectangular site with completed environmental and geotech studies.
      W Lane Rd, Scappoose, OR 97056
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    • $400,000
      1,220 SF

      Scappoose Industrial Property w/ Home

      4.03 Acres, Mixed-Use Potential, Riverfront
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    • Contact for pricing

      Two Tax Lots Totaling .28 Acres

      Two tax lots totaling .28 acres, zoned RR-5 in Scappoose.
      16-17 Bonneville Dr, Scappoose, OR 97056
      View Details
    • $129,900

      Duck Club Ownership Opportunity

      Premier duck club stake in Columbia County for sale.
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    • Contact for pricing
      378.00 Acres

      Tillmans Corner Retail Space

      High-visibility office space available.
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    Similar Nearby for Lease

    • Contact for pricing
      2,232 SF

      Scappoose Retail Space For Lease

      Fred Meyer-anchored retail space available.
      51501 Columbia River Hwy, Scappoose, OR 97056
      View Details
    • Contact for pricing
      1,002 SF

      Retail/Office Space in Scappoose

      Located off Hwy 30, ideal for retail or office.
      51501-51509 Columbia River Hwy, Scappoose, OR 97056
      View Details
    • Contact for pricing

      Scappoose Industrial Space For Rent

      Industrial space available in Scappoose, Oregon.
      50602 Birch Ave, Scappoose, OR 97056
      View Details
    • Contact for pricing
      21,736 SF

      Prime Manufacturing Space Available

      East Columbia Ave Industrial Building
      34616 Columbia Ave, Scappoose, OR 97056
      View Details
    • Contact for pricing

      Industrial Space with Yard

      Industrial space for rent with yard near I-30.
      34616 E Columbia Ave, Scappoose, OR 97056
      View Details
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    Scappoose, OR 97056-4551
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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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