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

    7201 Interstate Ave Portland, OR 97217

    • Medical Office Space
    • 48,420 SF
    • 0.97 lot acres
    For Sale
    View listing
    $10,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0893734
    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

    • Miguel A. Camacho, MA / Physician
    • Kaiser Permanente North Interstate Services Building / Medical Clinic
    • Dr. Krista Lowen / Dental Office
    • David Au-Yeung / Dental Office
    • CHRISTINE JULIE OLSON / Physician

    Property Details for 7201 Interstate Ave

    Year built
    1976
    Lot size
    0.97 lot acres
    Property size
    48,420 SF
    Zone code
    CG
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1N1E16AA 00300
    APU
    1N1E16AA00300

    Description

    This exceptional 48,420 square foot, two-story Class B office building presents a unique owner-user investment opportunity in Portland, Oregon. Located at 7201 N Interstate Ave, in Multnomah County, zip code 97217, this single-tenant property sits on a 0.97-acre lot and was built in 1976. The building's low-rise design and ample surface parking offer significant cost advantages compared to high-rises, making it easy to adapt to evolving business needs. Its convenient location provides easy access to I-5, Portland International Airport, and a MAX light rail stop, serving a population of approximately 312,609 within a 5-mile radius. The property benefits from its location in a thriving area attracting major technology companies, contributing to a strong and diverse talent pool. This presents an attractive opportunity to secure long-term cost savings by eliminating rent payments, while simultaneously building after-tax equity. The asking price for this exceptional investment is $10,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,277,000
      Market price range: $6.94M - $20.3M
      AI Estimate
      $9,277,000
      Market price range: $6.94M - $20.3M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $14,625,000
      Current use
      AUTO REPAIR, GARAGE
      $14,785,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $14,535,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $13,995,000
      Change: -4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $13,770,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.683
    Latitude
    45.5759
    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
    $121,011
    $0.00
    $0.00
    $4,566,660
    -
    $3,388,000
    $5,468,950
    $8,856,950

    Comparable in this City

    • Value Estimation
      $2,205,000
      8,345 SF

      3000 Lombard St

      MEDICAL BUILDING • 8,345 SF
      3000 Lombard St, Portland, OR 97217-1244
      View Details
    • Value Estimation
      $3,025,000
      10,009 SF

      4920 Interstate Ave

      MEDICAL BUILDING • 10,009 SF
      4920 Interstate Ave, Portland, OR 97217-3653
      View Details
    • Value Estimation
      $915,000
      2,496 SF

      3332 Lombard St

      MEDICAL BUILDING • 2,496 SF
      3332 Lombard St, Portland, OR 97217-1258
      View Details
    • Value Estimation by Request
      504 SF

      4920 Wi N Interstate Ave

      MEDICAL BUILDING • 504 SF
      4920 Wi N Interstate Ave, Portland, OR 97217
      View Details
    • Value Estimation by Request
      0.11 Acres

      4548-4550 Wi N Albina Ave

      MEDICAL BUILDING • 0.11 Acres
      4548-4550 Wi N Albina Ave, Portland, OR 97217
      View Details
    • Value Estimation
      $1,175,000
      3,041 SF

      3515 Lombard St

      MEDICAL BUILDING • 3,041 SF
      3515 Lombard St, Portland, OR 97217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,168 SF

      Remodeled Building in Arbor Lodge

      Refreshed building in vibrant NoPo neighborhood with live-work potential.
      5819 N Greeley Ave, Portland, OR 97217
      View Details
    • $435,000

      Retail/Office Condo with Garage

      Ground floor retail/office condo with attached garage near MAX station.
      1435 N Killingsworth St, Portland, OR 97217
      View Details
    • Contact for pricing
      1,054 SF

      Versatile Land Development Opportunity

      Buildings and land for sale in a rapidly transitioning area.
      5816 N Greeley Ave, Portland, OR 97217
      View Details
    • Contact for pricing
      2,130 SF

      Portland Corner Location with CM2 Zoning

      High-visibility site in Portland's Woodlawn neighborhood.
      728 NE Dekum St, Portland, OR 97217
      View Details
    • Contact for pricing
      3,350 SF

      Portland Office Building For Sale

      Office building with 3350 square feet of space.
      6844 N Interstate Ave, Portland, OR 97217
      View Details
    • $10,000,000
      48,420 SF

      Portland Office Building: Owner-User Opportunity

      Prime Portland office, ideal owner-user.
      7201 Interstate Ave, Portland, OR 97217
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,973 SF

      Lombard St Medical Office Space

      Portland medical office, 1973 SF. Available September 1st.
      3246 Lombard St, Portland, OR 97217
      View Details
    • $22 SF/Yr

      Remodeled Medical Office Space Available

      Recently remodeled 1,973 SF medical office space in Swan Island.
      3246 North Lombard St, Portland, OR 97217
      View Details
    • Contact for pricing

      Truck Terminal & Office Space

      44,647 SF truck terminal and office on 18.39 AC.
      110 N Marine Dr, Portland, OR 97217
      View Details
    • $0.79 SF/Yr
      192,000 SF

      Anchor Park: Portland Industrial Space

      Modern Portland Office/Industrial Sublease
      4810 Lagoon Ave, Portland, OR 97217
      View Details
    • $12 SF/Yr

      Kenton Corner Flex Space Available

      High-visibility flex, retail, or office space in Kenton neighborhood.
      2056 N Lombard St, Portland, OR 97217
      View Details
    • $975 /Mo

      Portland Live/Work Office Suites

      Live/work office suites in Portland with MAX Light Rail access.
      8440 N Interstate Ave, Portland, OR 97217
      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.
    7201 Interstate Ave
    Portland, OR 97217
    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!