Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5835 Alameda St Portland, OR 97213-3425

    Property Lookup

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

    5835 Alameda St Portland, OR 97213-3425

    View on Map
    • Medical Office Space
    • 2,801 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Apr 10, 2024
    $895,000
    Property ID
    US71-0636888
    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
    $895,000
    Show details
    Cap Rate Potential
    4.6%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Morrell Gerald T DDS / Dental Office
    • Lucero Beth / Dental Office
    • Congreves Maryann / Dental Office
    • D. Wilson / Dental Office
    • Trillium Dental / Dental Office

    Property Details for 5835 Alameda St

    Year built
    1952
    Lot size
    0.11 lot acres
    Property size
    2,801 SF
    Zone code
    CGH
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1N2E30AD 12600
    APU
    1N2E30AD12600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $680,000
      6.5%
      $630,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $613,000
      Market price range: $401k - $1.17M
      AI Estimate
      $613,000
      Market price range: $401k - $1.17M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $845,000
      Current use
      AUTO REPAIR, GARAGE
      $855,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $810,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $705,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.603
    Latitude
    45.5424
    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
    $8,003
    $0.00
    $0.00
    $302,010
    -
    $85,220
    $493,880
    $579,100

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      4212 Wi Ne Broadway

      MEDICAL BUILDING • 0.37 Acres
      4212 Wi Ne Broadway, Portland, OR 97213
      View Details
    • Value Estimation
      $935,000
      3,210 SF

      2106 47th Ave

      MEDICAL BUILDING • 3,210 SF
      2106 47th Ave, Portland, OR 97213-2064
      View Details
    • Value Estimation by Request
      0.15 Acres

      5330 Wi Ne Glisan St

      MEDICAL BUILDING • 0.15 Acres
      5330 Wi Ne Glisan St, Portland, OR 97213
      View Details
    • Value Estimation
      $1,030,000
      4,866 SF

      5055 Fremont St

      MEDICAL BUILDING • 4,866 SF
      5055 Fremont St, Portland, OR 97213-1730
      View Details
    • Value Estimation
      $615,000
      2,189 SF

      5635 Alameda St

      MEDICAL BUILDING • 2,189 SF
      5635 Alameda St, Portland, OR 97213-3421
      View Details
    • Value Estimation by Request
      1,165 SF

      6280 Halsey St

      MEDICAL BUILDING • 1,165 SF
      6280 Halsey St, Portland, OR 97213-4718
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,205 SF

      Montavilla Live-Work Space For Sale

      Versatile live-work space in Montavilla with high-end finishes.
      206 NE 80Th Ave, Portland, OR 97213
      View Details
    • $2,250,000
      7,368 SF

      Portland Office Building For Sale

      7,368 SF office building available in Portland, Oregon.
      7305 NE Glisan St, Portland, OR 97213
      View Details
    • $1,195,000

      Mixed-Use Property in Central Location

      Unique mixed-use property with excellent rental history in bustling location.
      350 NE 61St Ave, Portland, OR 97213
      View Details
    • $175,000

      Land Near Providence Hospital

      Commercial land for sale near Providence Hospital with flexible zoning.
      5536 NE Flanders St, Portland, OR 97213
      View Details
    • $1,325,000
      4,860 SF

      Retail Investment Opportunity in Portland

      Two-tenant retail property with stable leases and development potential.
      7320 NE Fremont St, Portland, OR 97213
      View Details
    • $773,300
      1,849 SF

      Prime Corner Restaurant with Drive-Thru

      Single-tenant restaurant with drive-thru in high-traffic Portland location.
      3103 Northeast 82Nd Ave, Portland, OR 97213
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr

      Medical Office Space For Lease

      Medical office space available across from Providence Portland Medical Center.
      4702 NE Glisan St, Portland, OR 97213
      View Details
    • Contact for pricing

      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
    • $19 SF/Yr

      Versatile Retail/Showroom Space Available

      Prime Portland commercial property suitable for office, retail, or showroom.
      1815 Northeast 43Rd Ave, Portland, OR 97213
      View Details
    • $27 SF/Yr

      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

      Portland Industrial Building with Office

      18,800 SF industrial building with office space for lease.
      1163 NE 63Rd Ave, 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
    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.
    5835 Alameda St
    Portland, OR 97213-3425
    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

    Thank You for Inquiry

    5835 Alameda St, Portland, OR, 97213

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!