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    Property profile & analytics

    7215 13th Ave Portland, OR 97202-5803

    • Investment properties
    • 7,272 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1904736
    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

    • Dr. Charles B. Goldberg, MD / Pediatrician / Physician
    • Daniel Beeson, DC / Alternative Medicine Practice
    • Beeson Wellness Center / Medical Clinic

    Property Details for 7215 13th Ave

    Year built
    1947
    Lot size
    0.18 lot acres
    Property size
    7,272 SF
    Zone code
    R5
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1S1E23BD 01300
    APU
    1S1E23BD01300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,252,000
      Market price range: $1.18M - $2.90M
      AI Estimate
      $1,252,000
      Market price range: $1.18M - $2.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.653
    Latitude
    45.4719
    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
    $9,675
    $0.00
    $0.00
    $365,110
    -
    $403,500
    $1,219,700
    $1,623,200

    Comparable in this City

    • Value Estimation by Request
      1,190 SF

      2725 Steele St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,190 SF
      2725 Steele St, Portland, OR 97202-4617
      View Details
    • Value Estimation
      $785,000
      2,808 SF

      8215 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,808 SF
      8215 13th Ave, Portland, OR 97202-6609
      View Details
    • Value Estimation
      $740,000
      2,185 SF

      8084 15th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,185 SF
      8084 15th Ave, Portland, OR 97202-6662
      View Details
    • Value Estimation
      $800,000
      4,500 SF

      2716 26th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,500 SF
      2716 26th Ave, Portland, OR 97202-1277
      View Details
    • Value Estimation
      $760,000
      2,616 SF

      1438 Division St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,616 SF
      1438 Division St, Portland, OR 97202-1140
      View Details
    • Value Estimation
      $745,000
      3,452 SF

      3041 Division St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,452 SF
      3041 Division St, Portland, OR 97202-1477
      View Details

    Similar Nearby for Sale

    • $1,650,000
      8,620 SF

      Commercial Building on SE Milwaukie

      Commercial building with live/work potential, to be vacated.
      4033 SE Milwaukie Ave, Portland, OR 97202
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    • $815,000
      3,033 SF

      Retail Opportunity in Sellwood Neighborhood

      3,033 SF retail space in desirable SE Portland neighborhood.
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      View Details
    • $859,000
      3,033 SF

      Sellwood Live/Work Retail Space

      Prime Sellwood location, 3,033 sq ft, $859,000
      1405 Tacoma St, Portland, OR 97202
      View Details
    • New
      $879,950

      New Portland Multifamily with ADU

      New construction multifamily property with ADU in Portland, Oregon.
      2458 SE Cora St, Portland, OR 97202
      View Details
    • Contact for pricing
      10,800 SF

      New Office Building For Sale

      Office space in new building with high visibility and traffic.
      3620 SE Powell Blvd, Portland, OR 97202
      View Details
    • $2,900,000
      15,904 SF

      Industrial Property with Office Space

      Industrial property featuring office space, multiple grade-level doors, and accessory building.
      4720 SE 26Th Ave, Portland, OR 97202
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      9,933 SF

      Portland Retail Space Available

      Prime Powell Blvd Storefronts, Multiple Sizes
      3806 Powell Blvd, Portland, OR 97202
      View Details
    • $1,250 /Mo
      4,600 SF

      Office Space in Brooklyn Neighborhood

      Bright office space with signage opportunities and excellent traffic exposure.
      1623 SE Lafayette St, Portland, OR 97202
      View Details
    • Contact for pricing
      741 SF

      Retail Space on SE Division

      Retail space available for lease on SE Division Street.
      3360 SE Division St, Portland, OR 97202
      View Details
    • Contact for pricing
      1,160 SF

      Medical Office Space Available

      Second generation medical office with high-exposure signage.
      7904 SE 13Th Ave, Portland, OR 97202
      View Details
    • Contact for pricing
      1,400 SF

      Division Street Retail Space Available

      Retail space with off-street parking in high-traffic area.
      2123 SE Division St, Portland, OR 97202
      View Details
    • $8 SF/Yr
      12,600 SF

      Portland Flex Warehouse Opportunity

      12,600 SF Flex/Warehouse, 13,800 SF Lot
      8215-8225 7Th Ave, Portland, OR 97202
      View Details
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    7215 13th Ave
    Portland, OR 97202-5803
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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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