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    Property profile & analytics

    6263 Cecelia St Portland, OR 97203-1892

    • Apartment buildings
    • 20,037 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $5,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0574243
    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

    • Roofers of Portland / Roofing Company / General Contractor
    • Cecelia Place Apartments / Apartment Complex / Property Management Company

    Property Details for 6263 Cecelia St

    Year built
    2019
    Lot size
    0.19 lot acres
    Property size
    20,037 SF
    Zone code
    EG2
    Property type
    Apartment buildings
    APN
    1N1E06DC 02600
    APU
    1N1E06DC02600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,030,000
      Market price range: $3.19M - $7.92M
      AI Estimate
      $5,030,000
      Market price range: $3.19M - $7.92M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,325,000
      Current use
      RESTAURANT
      $6,860,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,120,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $6,050,000
      Change: +14% Conversion: Moderate
      OFFICE BUILDING
      $5,790,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,770,000
      Change: +8% Conversion: Moderate
      RETAIL STORES
      $5,015,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.73
    Latitude
    45.5932
    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
    $48,895
    $0.00
    $0.00
    $1,845,180
    -
    $324,000
    $4,512,820
    $4,836,820

    Comparable in this City

    • Value Estimation
      $1,610,000
      6,049 SF

      9308 Adriatic Ave

      APARTMENT HOUSE (5+ UNITS) • 6,049 SF
      9308 Adriatic Ave, Portland, OR 97203-2789
      View Details
    • Value Estimation
      $14,730,000
      83,639 SF

      8732 Columbia Blvd, Unit 8778

      APARTMENT HOUSE (5+ UNITS) • 83,639 SF
      8732 Columbia Blvd, Portland, OR 97203-1056
      View Details
    • Value Estimation
      $3,165,000
      19,437 SF

      5713 Fessenden St

      APARTMENT HOUSE (5+ UNITS) • 19,437 SF
      5713 Fessenden St, Portland, OR 97203-2739
      View Details
    • Value Estimation
      $1,445,000
      4,836 SF

      6956 Fessenden St

      APARTMENT HOUSE (5+ UNITS) • 4,836 SF
      6956 Fessenden St, Portland, OR 97203-1854
      View Details
    • Value Estimation
      $1,440,000
      5,408 SF

      4609 Fessenden St, Unit 4625

      APARTMENT HOUSE (5+ UNITS) • 5,408 SF
      4609 Fessenden St, Portland, OR 97203-2089
      View Details
    • Value Estimation
      $3,755,000
      14,116 SF

      9411 Fiske Ave, Unit 9427

      APARTMENT HOUSE (5+ UNITS) • 14,116 SF
      9411 Fiske Ave, Portland, OR 97203-2790
      View Details

    Similar Nearby for Sale

    • $1,849,000
      6,370 SF

      Portsmouth 8-Plex Investment Opportunity

      Well-maintained 8-unit multifamily property in a desirable, walkable neighborhood.
      8309-8315 N Dwight Ave, Portland, OR 97203
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    • New
      $1,812,900
      4,349 SF

      St. Johns Detached Homes Portfolio

      Portfolio of 5 detached homes in desirable St. Johns neighborhood.
      6917 N Bank St, Portland, OR 97203
      View Details
    • New
      $4,143,900
      9,597 SF

      New Construction Cottage Cluster

      Eleven detached homes in Portland's desirable St. Johns neighborhood.
      8328 N Bank St, Portland, OR 97203
      View Details
    • Contact for pricing
      7,665 SF

      New Multifamily Property in St. Johns

      Twelve-unit multifamily property built in 2020 in Portland's St. Johns.
      7448 N Saint Louis Ave, Portland, OR 97203
      View Details
    • Contact for pricing
      7,500 SF

      St. Johns Multifamily Investment

      9-unit multifamily property in a walkable North Portland neighborhood.
      8220-8236 N Edison St, Portland, OR 97203
      View Details
    • Contact for pricing
      4,416 SF

      Seven Units in North Portland

      Seven residential units package in desirable North Portland location.
      7206 N Saint Louis Ave, Portland, OR 97203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Warehouse in North Portland

      228,000 SF industrial warehouse space available for sublease.
      15540 N Columbia Blvd, Portland, OR 97203
      View Details
    • Contact for pricing
      123,120 SF

      Class A Industrial Cross-Dock Facility

      Modern industrial facility with cross-dock configuration in a corporate neighborhood.
      14621 N Bybee Lake Ct, Portland, OR 97203
      View Details
    • Contact for pricing
      1,515 SF

      Retail Space in Portland, OR

      Retail space available with high traffic volume and easy access.
      7428 N Charleston Ave, Portland, OR 97203
      View Details
    • Contact for pricing
      4,850 SF

      North Portland Land For Rent

      Land available for rent in North Portland.
      9901 North Hurst Ave, Portland, OR 97203
      View Details
    • Contact for pricing

      Second Generation Restaurant For Lease

      Restaurant space available for lease in Portland, Oregon.
      8600 N Ivanhoe St, Portland, OR 97203
      View Details
    • Contact for pricing

      St. Johns Office/Warehouse Space

      Newer construction office and warehouse space near Willamette River.
      8613 N Crawford St, Portland, OR 97203
      View Details
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    6263 Cecelia St
    Portland, OR 97203-1892
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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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