Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6618 Alta Ave Portland, OR 97203-5401

    • Warehouses
    • 18,310 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $2,480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0607207
    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 6618 Alta Ave

    Year built
    1909
    Lot size
    0.46 lot acres
    Property size
    18,310 SF
    Zone code
    EG2
    Property type
    Warehouses
    APN
    1N1W12BB 05800
    APU
    1N1W12BB05800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,481,000
      Market price range: $2.48M - $5.65M
      AI Estimate
      $2,481,000
      Market price range: $2.48M - $5.65M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,735,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.761
    Latitude
    45.5878
    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
    $10,488
    $0.00
    $0.00
    $395,800
    -
    $172,000
    $1,486,610
    $1,658,610

    Comparable in this City

    • Value Estimation by Request
      0.86 Acres

      9609 Wi N Columbia Blvd

      WAREHOUSE, STORAGE • 0.86 Acres
      9609 Wi N Columbia Blvd, Portland, OR 97203
      View Details
    • Value Estimation by Request
      0.13 Acres

      9609 Wi N Columbia Blvd

      WAREHOUSE, STORAGE • 0.13 Acres
      9609 Wi N Columbia Blvd, Portland, OR 97203
      View Details
    • Value Estimation by Request
      13.64 Acres

      15540 Wi N Columbia Blvd

      WAREHOUSE, STORAGE • 13.64 Acres
      15540 Wi N Columbia Blvd, Portland, OR 97203
      View Details
    • Value Estimation
      $13,555,000
      99,999 SF

      9125 Time Oil Rd

      WAREHOUSE, STORAGE • 99,999 SF
      9125 Time Oil Rd, Portland, OR 97203-6473
      View Details
    • Value Estimation
      $4,360,000
      14,130 SF

      13939 Rivergate Blvd

      WAREHOUSE, STORAGE • 14,130 SF
      13939 Rivergate Blvd, Portland, OR 97203-6608
      View Details
    • Value Estimation by Request
      1,742 SF

      12220 Wi N Portland Rd

      WAREHOUSE, STORAGE • 1,742 SF
      12220 Wi N Portland Rd, Portland, OR 97203
      View Details

    Similar Nearby for Sale

    • $3,850,000
      18,600 SF

      Portland Industrial Distribution Center

      18,600 SF Warehouse/Flex Space, $3.85M
      8613 Crawford St, Portland, OR 97203
      View Details
    • $2,300,000
      10,682 SF

      Industrial Property with Crane Service

      Industrial property featuring crane service, surplus land, and ample power.
      Portland, OR 97203
      View Details
    • Contact for pricing

      Columbia Boulevard Industrial Opportunity

      Industrial property near Columbia Boulevard with two buildings and secure yard.
      Portland, OR 97203
      View Details
    • Contact for pricing
      653,836 SF

      Rivergate Industrial Land and Warehouse

      15.01-acre parcel with warehouse in Portland's Rivergate submarket.
      10001 N Rivergate Blvd, Portland, OR 97203
      View Details
    • $1,500,000

      Fenced Storage Facility with Residence

      1.3-acre storage facility with a 949 SF house.
      6908 N Roberts Ave, Portland, OR 97203
      View Details
    • $349,000

      Cathedral Park Townhome with River Views

      Updated 2-bedroom townhome with St. Johns Bridge and Willamette River views.
      6708 N Pittsburg Ave, Portland, OR 97203
      View Details

    Similar Nearby for Lease

    • $138,000
      18,600 SF

      Portland Industrial Flex Space

      18,600 SF Flex/Warehouse in St. Johns
      8613 Crawford St, Portland, OR 97203
      View Details
    • Contact for pricing
      84,000 SF

      Warehouse and Office Sublease

      84,000 Sq Ft Class A warehouse and office space.
      7824-7832 N Leadbetter Rd, Portland, OR 97203
      View Details
    • $0.72 SF/Yr
      34,734 SF

      Portland Warehouse with Fenced Security

      Warehouse with immediate port access, office space, and security.
      7605 N Upland Dr, Portland, OR 97203
      View Details
    • Contact for pricing
      13,200 SF

      Secured Yard Warehouse Space

      Warehouse with fenced yard and convenient freeway access.
      9468 N Macrum Ave, Portland, OR 97203
      View Details
    • Contact for pricing
      122,130 SF

      Industrial Warehouse Space with Cranes

      Heavy industrial space near Port of Portland with rail access.
      9040 N Burgard Way, Portland, OR 97203
      View Details
    • Contact for pricing
      107,187 SF

      Portland Warehouse - 107,187 SF

      Large industrial warehouse, Portland, Oregon. Ideal for distribution.
      10675 Lombard St, Portland, OR 97203
      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.
    6618 Alta Ave
    Portland, OR 97203-5401
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.