Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    650 Holladay St Portland, OR 97232-2045

    • Office properties & Spaces
    • 300,000 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    Jul 17, 2023
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0902540
    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

    • First Tech Federal Credit Union / Credit Union
    • West Coast Seafood Processors Association / Association Or Organization
    • Liberty Mutual - Portland, OR / Insurance Agency
    • Bridge City Insurance / Insurance Agency
    • Comagine Health / Charitable Organization / Social Service Agency

    Property Details for 650 Holladay St

    Year built
    1997
    Lot size
    1.03 lot acres
    Property size
    300,000 SF
    Zone code
    CXD
    Property type
    Office properties & Spaces
    APN
    1N1E35BC 00400
    APU
    1N1E35BC00400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.659
    Latitude
    45.5296
    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
    $910,622
    $0.00
    $0.00
    $48,000,000
    -
    $8,100,000
    $39,900,000
    $48,000,000

    Comparable in this City

    • Value Estimation by Request
      1,883 SF

      3033 Broadway

      Individual retail properties • 1,883 SF
      3033 Broadway, Portland, OR 97232
      View Details
    • Value Estimation by Request
      2,541 SF

      2133 Broadway St

      OFFICE (GENERAL) • 2,541 SF
      2133 Broadway St, Portland, OR 97232-1512
      View Details
    • Value Estimation
      $9,315,000
      28,289 SF

      2153 Sandy Blvd

      OFFICE (GENERAL) • 28,289 SF
      2153 Sandy Blvd, Portland, OR 97232-2819
      View Details
    • Value Estimation by Request
      2,718 SF

      1934 Broadway

      Office Units • 2,718 SF
      1934 Broadway, Portland, OR 97232
      View Details
    • Value Estimation
      $15,280,000
      42,048 SF

      525 Oregon St

      OFFICE (GENERAL) • 42,048 SF
      525 Oregon St, Portland, OR 97232-2765
      View Details
    • Value Estimation
      $3,225,000
      17,205 SF

      2100 Broadway St

      OFFICE (GENERAL) • 17,205 SF
      2100 Broadway St, Portland, OR 97232-1569
      View Details

    Similar Nearby for Sale

    • $2,450,000
      8,543 SF

      Lloyd District Office Building Investment

      Mid-Century Modern Office, High Income Potential
      200 20Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      6,750 SF

      Hollywood District Office/Retail Building

      Turn-key office/retail building in Portland's Hollywood District.
      3902 NE Sandy Blvd, Portland, OR 97232
      View Details
    • $978,000

      Former Senior Care Facility

      Former senior care facility ideal for multifamily and senior living.
      34 NE 20Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      16,300 SF

      Office Space with Private Offices

      Office space featuring private offices, conference room, and kitchenette.
      232 NE 9Th Ave, Portland, OR 97232
      View Details
    • $2,600,000
      9,490 SF

      Southeast Portland Office Building

      Renovated office building with redevelopment potential in Southeast Portland.
      3536 SE 26Th Ave, Portland, OR 97232
      View Details
    • $569,000

      Remodeled Broadway Street Commercial Building

      Remodeled office/retail/live-work building with parking and high exposure.
      3033 NE Broadway St, Portland, OR 97232
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo

      NE Sandy Blvd

      Prime NE Sandy Blvd Retail Space
      11518 NE Sandy Blvd, Portland, OR 97232
      View Details
    • $25 SF/Yr

      1607 and 1611 NE 16th Ave, Portland

      Charming Commercial Space for Lease 1607 and 611 NE 16th Ave, Portland
      1607 NE 16Th Ave # Portland, Portland, OR 97232
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for rent in Portland, Oregon.
      650 NE Holladay St, Portland, OR 97232
      View Details
    • Contact for pricing
      24,300 SF

      Office Space in Portland, OR

      Office space available for lease in Portland, Oregon.
      1425 NE Irving St, Portland, OR 97232
      View Details
    • Contact for pricing
      10,804 SF

      Office Space Available For Rent

      Office space available for lease in Portland, Oregon.
      847-919 NE 19Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing

      Portland Creative Space with Flex

      Modern creative space with flex area in vibrant Portland neighborhood.
      541 NE 20Th Ave, Portland, OR 97232
      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.
    650 Holladay St
    Portland, OR 97232-2045
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!