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

    6126 60th Ave, Unit 6132 Portland, OR 97218-2932

    • Warehouses
    • 3,760 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0616884
    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

    • Warehouses

    Property Details for 6126 60th Ave

    Year built
    1964
    Lot size
    1.25 lot acres
    Property size
    3,760 SF
    Zone code
    IG2H
    Property type
    Warehouses
    APN
    1N2E18DA 02200
    APU
    1N2E18DA02200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,109,000
      Market price range: $510k - $1.16M
      AI Estimate
      $1,109,000
      Market price range: $510k - $1.16M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $765,000
      Current use
      AUTO REPAIR, GARAGE
      $1,150,000
      Change: +50% Conversion: Easy
      MEDICAL BUILDING
      $1,135,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $1,130,000
      Change: +47% Conversion: Moderate
      OFFICE BUILDING
      $1,085,000
      Change: +42% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,085,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6
    Latitude
    45.5676
    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
    $8,537
    $0.00
    $0.00
    $322,170
    -
    $686,070
    $160,310
    $846,380

    Comparable in this City

    • Value Estimation
      $1,005,000
      7,405 SF

      7030 Wi Ne 42nd Ave

      WAREHOUSE, STORAGE • 7,405 SF
      7030 Wi Ne 42nd Ave, Portland, OR 97218
      View Details
    • Value Estimation
      $8,645,000
      40,000 SF

      8111 Columbia Blvd

      WAREHOUSE, STORAGE • 40,000 SF
      8111 Columbia Blvd, Portland, OR 97218-4035
      View Details
    • Value Estimation
      $10,415,000
      33,750 SF

      5337 Courier Ct

      WAREHOUSE, STORAGE • 33,750 SF
      5337 Courier Ct, Portland, OR 97218-2819
      View Details
    • Value Estimation
      $11,945,000
      88,141 SF

      5330 Courier Ct

      WAREHOUSE, STORAGE • 88,141 SF
      5330 Courier Ct, Portland, OR 97218-2817
      View Details
    • Value Estimation by Request
      1,600 SF

      6767 Wi Ne Columbia Blvd

      WAREHOUSE, STORAGE • 1,600 SF
      6767 Wi Ne Columbia Blvd, Portland, OR 97218
      View Details
    • Value Estimation
      $31,340,000
      101,553 SF

      5159 Cornfoot Rd

      WAREHOUSE, STORAGE • 101,553 SF
      5159 Cornfoot Rd, Portland, OR 97218-8201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Yard with Office/Warehouse

      Functional industrial yard with office/warehouse building for sale.
      5400 NE Columbia Blvd, Portland, OR 97218
      View Details
    • $1,750,000
      3,630 SF

      Automotive/Light Manufacturing Building with Yard

      Well-maintained Portland building with fenced yard, ideal for auto or production.
      4601 NE Killingsworth St, Portland, OR 97218
      View Details
    • Contact for pricing

      Portland Investment Opportunity on 42nd Avenue

      Two-tenant investment property with long-term NNN lease and high visibility.
      5013-5027 Northeast 42Nd Ave, Portland, OR 97218
      View Details
    • $799,900
      2,565 SF

      Stabilized Multifamily Portfolio in Portland

      Three townhome-style condo units in Portland's Cully neighborhood.
      5871 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
    • $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

    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

      Columbia Corridor Clear Span Warehouse

      Warehouse space available in the Columbia Corridor.
      6510 NE Columbia Blvd, Portland, OR 97218
      View Details
    • $8,490 /Mo

      Warehouse with Retail Potential

      Warehouse space suitable for retail use, available September 1st, 2024.
      5833 NE Lombard St, Portland, OR 97218
      View Details
    • Contact for pricing
      2,806 SF

      Functional Warehouse Space Near Airport

      Warehouse space with truck court, close to freeways and airport.
      5765-5787 NE 59Th Pl, Portland, OR 97218
      View Details
    • Contact for pricing
      5,270 SF

      Functional Warehouse Space Near PDX

      Spacious warehouse with loading doors, near Portland International Airport.
      6705 NE 79Th Ct, Portland, OR 97218
      View Details
    • Contact for pricing

      PDX Activity Center Flex Space

      Spacious industrial space near PDX Airport with recent upgrades.
      7013-7021 NE 79Th Ct, Portland, OR 97218
      View Details
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    Portland, OR 97218-2932
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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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