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    7219 Hazel Fern Rd Portland, OR 97224-7716
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    Property profile & analytics

    7219 Hazel Fern Rd, Portland, OR 97224-7716

    View on Map
    • Retail space
    • 14,058 SF
    • 1.33 lot acres
    Off-Market
    Property ID
    US71-0067261
    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.
    Value Estimations
    $6,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Xfinity Store by Comcast / Telecommunications Service / Data Center

    Property Details for 7219 Hazel Fern Rd

    Year built
    2017
    Lot size
    1.33 lot acres
    Zone code
    MUC
    Property type
    Retail space
    APN
    2S113DB-00900
    APU
    2S113DB00900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 10, 2017 — Tualatin Group LLC Tualatin Group LLC Quit Claim Deed · related —
    Nov 14, 2016 — Tualatin Group LLC Tualatin Group LLC Quit Claim Deed · related —
    Apr 28, 2008 — Owner Name Unavailable Owner Name Unavailable Grant Deed · related —
    Mar 17, 2008 — Tualatin Group LLC Vips Hotels INC Grant Deed —
    Jan 9, 2007 $2,051,000 Vips Industries INC Kemwoodgray LLC Warranty Deed —
    Jan 9, 2007 $1,750,000 Kemwoodgray LLC Tualatin Investment Corp Warranty Deed —
    Oct 19, 1998 $1,128,000 Tualatin Investment Corp Henri,john O Grant Deed $789k · Bank Of America
    Apr 5, 1996 $742,500 Henri,john O & Jacie Claar,lynn E Trustees Deed $600k · First Interstate Bank Oregon
    Apr 5, 1996 $335,000 Claar,lynn E Claar,lynn E Trustees Deed · related —
    — — Tualatin Group LLC — Deed Of Trust · related $37.9M · Umpqua Bk
    — — Lynn E Claar — Deed Of Trust · related $750k · Aspen Hills LP
    — — Tualatin Group LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,047,000
      Market price range: $2.50M - $6.05M
      AI Estimate
      $6,047,000
      Market price range: $2.50M - $6.05M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,220,000
      Current use
      RESTAURANT
      $4,815,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,290,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $4,245,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $4,065,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,050,000
      Change: -4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,740,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.751
    Latitude
    45.3939
    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
    $54,150
    $0.00
    $0.00
    $3,081,650
    -
    $1,658,070
    $3,915,530
    $5,573,600

    Comparable in this City

    • Value Estimation
      $12,585,000
      29,252 SF

      15060 Sequoia Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      15060 Sequoia Pkwy, Portland, OR 97224-7126
      View Details
    • Value Estimation
      $1,125,000
      2,616 SF

      14240 Pacific Hwy

      RETAIL STORES (PERSONAL SERVICES)
      14240 Pacific Hwy, Portland, OR 97224-3667
      View Details
    • Value Estimation
      $3,870,000
      9,000 SF

      16230 Pacific Hwy, Unit 180

      RETAIL STORES (PERSONAL SERVICES)
      16230 Pacific Hwy, Portland, OR 97224-3459
      View Details
    • Value Estimation
      $10,925,000
      25,400 SF

      17005 72nd Ave

      RETAIL STORES (PERSONAL SERVICES)
      17005 72nd Ave, Portland, OR 97224
      View Details
    • Value Estimation
      $9,940,000
      25,488 SF

      7410 Bridgeport Rd

      RETAIL STORES (PERSONAL SERVICES)
      7410 Bridgeport Rd, Portland, OR 97224-7728
      View Details
    • Value Estimation
      $1,030,000
      2,400 SF

      15995 Hall Blvd

      RETAIL STORES (PERSONAL SERVICES)
      15995 Hall Blvd, Portland, OR 97224-7813
      View Details

    Similar Nearby for Sale

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      0.33 Acres

      King City Mixed-Use Development Land

      Ready-to-build 1/3-acre mixed-use commercial lot in King City, OR.
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      Industrial Park Flex Space

      Industrial park with private office and easy highway access.
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      5,052 SF

      Freestanding Leased Office Building

      100% leased office building with long-term income stream.
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      Class A Bridgeport Village Office

      Premium office building in vibrant Bridgeport Village with easy I-5 access.
      7420 SW Bridgeport Rd, Portland, OR 97224
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      18,890 SF

      Class A Office Near Amenities

      Premium office building in Bridgeport Village with excellent access.
      7420 SW Bridgeport Rd, Portland, OR 97224
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      14,100 SF

      Leased Industrial Warehouse Near Intel

      Fully leased industrial warehouse building in Hillsboro's technology cluster.
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    Similar Nearby for Lease

    • Contact for pricing
      7,407 SF

      Tigard Retail/Restaurant Space For Rent

      Retail or restaurant space available in Tigard, Oregon.
      15230 SW Sequoia Pkwy, Tigard, OR 97224
      View Details
    • Contact for pricing
      1,298 SF

      Affordable Retail Space in Tigard

      Centrally located retail space with easy I-5 access.
      15951-15989 SW 72Nd Ave, Tigard, OR 97224
      View Details
    • Contact for pricing
      1,200 SF

      King City Retail Space Available

      Retail space for lease in King City Plaza.
      15525 SW 116Th Ave, Portland, OR 97224
      View Details
    • Contact for pricing
      2,061 SF

      Retail Space in Tigard

      Retail spaces available in Tigard with plentiful parking.
      16200 SW Pacific Hwy, Tigard, OR 97224
      View Details
    • Contact for pricing
      2,131 SF

      Mixed-Use Office and Retail Center

      Office and retail spaces available in high-traffic Tigard location.
      11515-11555 SW Durham Rd, Tigard, OR 97224
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on Highway 99

      Retail space with high visibility and ample parking.
      14363-14389 SW Pacific Hwy, Tigard, OR 97224
      View Details
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    Portland, OR 97224-7716
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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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