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    Property profile & analytics

    6320 Lombard Ave Beaverton, OR 97008-4714

    • Apartment buildings
    • 34,992 SF
    • 1.58 lot acres
    OFF-MARKET
    Value Estimations
    $7,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1833708
    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

    • Mediterranean Manor / Apartment Building

    Property Details for 6320 Lombard Ave

    Year built
    1968
    Lot size
    1.58 lot acres
    Property size
    34,992 SF
    Zone code
    R1
    Property type
    Apartment buildings
    APN
    1S122BA-07101
    APU
    1S122BA07101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,198,000
      Market price range: $6.22M - $15.8M
      AI Estimate
      $7,198,000
      Market price range: $6.22M - $15.8M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,800,000
      Current use
      MEDICAL BUILDING
      $11,155,000
      Change: +43% Conversion: Moderate
      RESTAURANT
      $10,595,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,570,000
      Change: +23% Conversion: Moderate
      RETAIL STORES
      $8,355,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $6,255,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Washington
    State
    Oregon
    Longitude
    -122.799
    Latitude
    45.4744
    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
    $55,089
    $0.00
    $0.00
    $2,606,810
    -
    $1,347,500
    $8,917,940
    $10,265,440

    Comparable in this City

    • Value Estimation by Request
      2.39 Acres

      9555 Downing Dr

      APARTMENT HOUSE (5+ UNITS) • 2.39 Acres
      9555 Downing Dr, Beaverton, OR 97008-8272
      View Details
    • Value Estimation by Request
      15.60 Acres

      14480 Teal Blvd, Unit H

      APARTMENT HOUSE (100+ UNITS) • 15.60 Acres
      14480 Teal Blvd, Beaverton, OR 97008-0422
      View Details
    • Value Estimation by Request
      3.03 Acres

      7246 Scholls Fry Rd, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3.03 Acres
      7246 Scholls Fry Rd, Beaverton, OR 97008-4071
      View Details
    • Value Estimation by Request
      6.61 Acres

      8380 Greenway, Unit 9

      APARTMENT HOUSE (5+ UNITS) • 6.61 Acres
      8380 Greenway, Beaverton, OR 97008-7062
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    • Value Estimation by Request
      0.41 Acres

      6880 104th Ave

      APARTMENT HOUSE (5+ UNITS) • 0.41 Acres
      6880 104th Ave, Beaverton, OR 97008-5484
      View Details
    • Value Estimation by Request

      6855 104th Ave

      APARTMENT HOUSE (5+ UNITS)
      6855 104th Ave, Beaverton, OR 97008-5454
      View Details

    Similar Nearby for Sale

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      Updated Condo in Beaverton Treehouse

      Updated 2-bedroom condo in Beaverton, move-in ready with modern upgrades.
      12062 SW Conestoga Dr, Beaverton, OR 97008
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    • $864,000
      3,722 SF

      Beaverton Fourplex Investment Opportunity

      Well-maintained fourplex in desirable Beaverton location with upside potential.
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    • $5,648,000
      13,907 SF

      Stabilized Retail Center in Beaverton

      Fully occupied retail center anchored by 7-Eleven in Beaverton, Oregon.
      8166 SW Hall Blvd, Beaverton, OR 97008
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    • New
      $580,000
      0.47 Acres

      Ready-to-Build Multifamily Lot

      Exceptional Central Beaverton location, ready for development.
      6780 SW Hall Blvd, Beaverton, OR 97008
      View Details
    • New
      $750,000
      1.07 Acres

      Acre Land in Highland Neighborhood

      Over 1 acre of land in Beaverton's Highland Neighborhood.
      7830 SW Murray Blvd, Beaverton, OR 97008
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    • Contact for pricing
      23,416 SF

      Beaverton Office Building For Sale

      Office building with water views and large outdoor deck.
      9405 SW Gemini Dr, Beaverton, OR 97008
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    Similar Nearby for Lease

    • Contact for pricing
      4,725 SF

      Office Space in Creekside Park

      Office and flex spaces available in Beaverton's Creekside Corporate Park.
      8905 SW Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      76,057 SF

      Flex Office Park Near Highway

      Flex office park with adaptable spaces and ample parking.
      9505-9595 SW Gemini Dr, Beaverton, OR 97008
      View Details
    • Contact for pricing
      3,928 SF

      Beaverton Warehouse Space Available

      Industrial warehouse space available for lease in Beaverton, Oregon.
      8105-8125 SW Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      1,548 SF

      Retail Space Near Washington Square

      Retail buildings with high visibility near regional mall and offices.
      8430 SW Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing

      Beaverton Flex Warehouse Space Available

      2,600 SF flex warehouse space in Parkside Business Park.
      8050 Southwest Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      8,488 SF

      Beaverton Flex Space Available

      8,488 SF flex space near WES Commuter Rail.
      9200-9500 SW Nimbus Ave, Beaverton, OR 97008
      View Details
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    Beaverton, OR 97008-4714
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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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