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

    6921 Roberts Ave, Unit 7011 Portland, OR 97203-6361

    • Assisted living facilities
    • 33,614 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    $5,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0571879
    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

    • Magnolia Blossom Preschool / High School / Daycare Center
    • Harvest Homes Assisted Living & Memory Care / Nursing Home / Retirement Community

    Property Details for 6921 Roberts Ave

    Year built
    1984
    Lot size
    4.22 lot acres
    Property size
    33,614 SF
    Zone code
    GE2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1N1W02A 00700
    APU
    1N1W02A00700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,932,000
      Market price range: $4.62M - $8.80M
      AI Estimate
      $5,932,000
      Market price range: $4.62M - $8.80M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $6,630,000
      Current use
      OFFICE BUILDING
      $9,715,000
      Change: +47% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,680,000
      Change: +46% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,935,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.767
    Latitude
    45.6036
    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
    $95,463
    $0.00
    $0.00
    $3,602,560
    -
    $1,251,660
    $11,518,800
    $12,770,460

    Comparable in this City

    • Value Estimation
      $770,000
      5,592 SF

      5833 Lombard St

      HOMES (RETIRED, NURSING) • 5,592 SF
      5833 Lombard St, Portland, OR 97203-4115
      View Details
    • Value Estimation
      $1,540,000
      7,821 SF

      7621 Portsmouth Ave

      HOMES (RETIRED, NURSING) • 7,821 SF
      7621 Portsmouth Ave, Portland, OR 97203-5953
      View Details
    • Value Estimation by Request
      912 SF

      4017 Attu St

      HOMES (RETIRED, NURSING) • 912 SF
      4017 Attu St, Portland, OR 97203-2058
      View Details
    • Value Estimation by Request
      1,740 SF

      9538 Burr Ave

      HOMES (RETIRED, NURSING) • 1,740 SF
      9538 Burr Ave, Portland, OR 97203-1712
      View Details
    • Value Estimation
      $10,985,000
      55,696 SF

      4720 Trenton St

      HOMES (RETIRED, NURSING) • 55,696 SF
      4720 Trenton St, Portland, OR 97203-2284
      View Details
    • Value Estimation by Request
      989 SF

      5114 Vanderbilt St

      HOMES (RETIRED, NURSING) • 989 SF
      5114 Vanderbilt St, Portland, OR 97203-3463
      View Details

    Similar Nearby for Sale

    • $3,850,000
      18,600 SF

      Portland Industrial Distribution Center

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      8613 Crawford St, Portland, OR 97203
      View Details
    • $975,000

      North Portland Multifamily Land

      Permit-ready, 46-unit development site.
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    • $419,000
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      St. Johns Condo with Yard

      Light-filled condo in vibrant St. Johns with private yard.
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      9,799 SF

      Permit Ready Multifamily Development Site

      Permit-ready multifamily development site with retail space in Portland.
      6183 N Lombard St, Portland, OR 97203
      View Details
    • $1,499,999
      3,300 SF

      Office Building with Excess Land

      Office building with excess land near I-5 and Portland Airport.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      122,130 SF

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      Heavy industrial space near Port of Portland with rail access.
      9040 N Burgard Way, Portland, OR 97203
      View Details
    • Contact for pricing
      3,856 SF

      Portland Office Space For Rent

      Office space available in Portland, Oregon with high traffic volume.
      8608 N Lombard St, Portland, OR 97203
      View Details
    • Contact for pricing
      10,500 SF

      Creative Space in Historic Building

      Creative office, studio, and maker space in renovated historic building.
      6635 N Baltimore Ave, Portland, OR 97203
      View Details
    • Contact for pricing

      Industrial Land with Rail Service

      Large, rail-served industrial land available for lease in Portland.
      10425 N Bloss Ave, Portland, OR 97203
      View Details
    • $28 SF/Yr
      1,116 SF

      Portland Retail Space For Lease

      Prime Portland Bar/Pub Space Available
      8600 Ivanhoe St, Portland, OR 97203
      View Details
    • $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
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    6921 Roberts Ave, Unit 7011
    Portland, OR 97203-6361
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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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