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

    5511 55th Ave Portland, OR 97218-2477

    • Apartment buildings
    • 4,828 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1739793
    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

    • Cleaning Familia Northwest / House Cleaning Service

    Property Details for 5511 55th Ave

    Year built
    1963
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    4,828 SF
    Zone code
    R2H
    Property type
    Apartment buildings
    APN
    1N2E18DC 07000
    APU
    1N2E18DC07000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,136,000
      Market price range: $768k - $1.91M
      AI Estimate
      $1,136,000
      Market price range: $768k - $1.91M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,285,000
      Current use
      AUTO REPAIR, GARAGE
      $1,475,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $1,460,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $1,450,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $1,395,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,390,000
      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
    -122.606
    Latitude
    45.5631
    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
    $11,046
    $0.00
    $0.00
    $416,860
    -
    $642,440
    $243,690
    $886,130

    Comparable in this City

    • Value Estimation
      $7,735,000
      29,088 SF

      5241 Killingsworth St, Unit 5327

      APARTMENT HOUSE (5+ UNITS) • 29,088 SF
      5241 Killingsworth St, Portland, OR 97218-2400
      View Details
    • Value Estimation
      $955,000
      4,560 SF

      5625 Killingsworth St, Unit 5635

      APARTMENT HOUSE (5+ UNITS) • 4,560 SF
      5625 Killingsworth St, Portland, OR 97218-2417
      View Details
    • Value Estimation
      $695,000
      3,696 SF

      4505 Prescott St

      APARTMENT HOUSE (5+ UNITS) • 3,696 SF
      4505 Prescott St, Portland, OR 97218-1658
      View Details
    • Value Estimation
      $14,405,000
      54,182 SF

      5827 Prescott St

      APARTMENT HOUSE (5+ UNITS) • 54,182 SF
      5827 Prescott St, Portland, OR 97218-2231
      View Details
    • Value Estimation
      $2,660,000
      10,005 SF

      5725 Prescott St

      APARTMENT HOUSE (5+ UNITS) • 10,005 SF
      5725 Prescott St, Portland, OR 97218-2275
      View Details
    • Value Estimation
      $760,000
      4,792 SF

      42nd Ave

      APARTMENT HOUSE (5+ UNITS) • 4,792 SF
      42nd Ave, Portland, OR 97218
      View Details

    Similar Nearby for Sale

    • $324,000
      1,282 SF

      Light-Filled Townhome-Style Condo

      NE Portland condo near Cully, Concordia, and Alberta hot spots.
      4409 NE Killingsworth St, Portland, OR 97218
      View Details
    • $319,900
      981 SF

      New Construction Cottage in Portland

      New 2-bedroom, 2.1-bathroom cottage in Portland's Cully neighborhood.
      6012 NE Mason St, Portland, OR 97218
      View Details
    • New
      $5,173,900
      12,080 SF

      Portland Multifamily Community: Stand-Alone Homes

      Thirteen stand-alone homes in Northeast Portland near Wilshire Park.
      4328 NE Going St, Portland, OR 97218
      View Details
    • New
      $5,424,900
      13,521 SF

      New Multifamily Portfolio in Portland

      Newly built 17-unit multifamily portfolio across three Portland neighborhoods.
      5855 NE Prescott St, Portland, OR 97218
      View Details
    • New
      $1,400,000
      0.68 Acres

      Portland Multifamily Investment Opportunity

      Seven-unit property in Portland's Cully neighborhood with recent upgrades.
      4811 NE Prescott St, Portland, OR 97218
      View Details
    • $299,900
      934 SF

      New Construction Cottage in Cully

      New 2-bedroom, 2.1-bathroom cottage with high-end finishes and private yard.
      6020 NE Mason St, Portland, OR 97218
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      107,936 SF

      Portland Freestanding Building For Lease

      Large Office/Warehouse Space Available in Portland, OR
      7737 Lombard St, Portland, OR 97218
      View Details
    • Contact for pricing
      2,576 SF

      Portland Flex Space Near Airport

      Flex space available near PDX Airport and major freeways.
      6600 NE 78Th Ct, Portland, OR 97218
      View Details
    • Contact for pricing

      Columbia Corridor Clear Span Warehouse

      Warehouse space available in the Columbia Corridor.
      6510 NE Columbia Blvd, Portland, OR 97218
      View Details
    • Contact for pricing
      13 SF

      Industrial Outdoor Storage Near Airport

      13.41 AC industrial land for lease near Portland Airport.
      Portland, OR 97218
      View Details
    • Contact for pricing

      Industrial Land for Lease

      Large, secure 13.41-acre industrial land near Portland Airport.
      7800 NE Killingsworth St, Portland, OR 97218
      View Details
    • Contact for pricing
      5,045 SF

      Portland Office Space Near Airport

      Office space near Portland Airport with recent property upgrades.
      6703-6915 NE 79Th Ct, Portland, OR 97218
      View Details
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    5511 55th Ave
    Portland, OR 97218-2477
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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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