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

    7240 Sandy Blvd Portland, OR 97213-5741

    • Office Properties & Spaces
    • 2,485 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0397712
    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

    • Mcnicholas Mallory M / Employment Agency
    • Spring Blossom spa / Alternative Medicine Practice / Spa & Massage Center
    • Dr. Timothy Pham / Alternative Medicine Practice
    • John Cherveny / Alternative Medicine Practice

    Property Details for 7240 Sandy Blvd

    Year built
    1969
    Lot size
    0.09 lot acres
    Property size
    2,485 SF
    Zone code
    CGH
    Property type
    Office Properties & Spaces
    APN
    1N2E20DC 14500
    APU
    1N2E20DC14500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $525k - $949k
      AI Estimate
      $686,000
      Market price range: $525k - $949k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $625,000
      Current use
      AUTO REPAIR, GARAGE
      $760,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $750,000
      Change: +20% Conversion: Easy
      OFFICE BUILDING
      $720,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $570,000
      Change: -9% Conversion: Easy
      WAREHOUSE, STORAGE
      $505,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.588
    Latitude
    45.5484
    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
    $7,950
    $0.00
    $0.00
    $300,000
    -
    $158,790
    $668,050
    $826,840

    Comparable in this City

    • Value Estimation
      $6,300,000
      29,790 SF

      1827 44th Ave

      OFFICE (GENERAL) • 29,790 SF
      1827 44th Ave, Portland, OR 97213-1443
      View Details
    • Value Estimation by Request
      900 SF

      206 80th Ave

      OFFICE (GENERAL) • 900 SF
      206 80th Ave, Portland, OR 97213-7016
      View Details
    • Value Estimation
      $7,660,000
      36,240 SF

      7931 Halsey St

      OFFICE (GENERAL) • 36,240 SF
      7931 Halsey St, Portland, OR 97213-6755
      View Details
    • Value Estimation
      $1,265,000
      4,596 SF

      4230 Fremont St

      OFFICE (GENERAL) • 4,596 SF
      4230 Fremont St, Portland, OR 97213-1150
      View Details
    • Value Estimation
      $870,000
      2,685 SF

      7910-7912 Failing St

      OFFICE (GENERAL) • 2,685 SF
      7910-7912 Failing St, Portland, OR 97213
      View Details
    • Value Estimation
      $1,045,000
      4,157 SF

      447 47th Ave

      OFFICE (GENERAL) • 4,157 SF
      447 47th Ave, Portland, OR 97213-2362
      View Details

    Similar Nearby for Sale

    • $995,000
      3,400 SF

      Montavilla Auto Repair Shop Opportunity

      Prime Portland location, 3400 sq ft building.
      104 80Th Ave, Portland, OR 97213
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    • $198,900
      500 SF

      Condo in Rose City Park

      One-bedroom condo with high-end finishes and open-concept layout.
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    • $595,000

      Duplex in Williams Street District

      Duplex on a large lot with stone patios and decks.
      74/76 NE Sacramento St, Portland, OR 97213
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    • $935,000

      Turnkey Fourplex in NE Portland

      Fully occupied fourplex with remodeled units and strong income potential.
      5516 NE Hoyt St, Portland, OR 97213
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    • $2,430,000
      6,121 SF

      Portland 6-Plex Investment Opportunity

      Luxury 2-bed/2-bath units, prime location
      1318 46Th Ave, Portland, OR 97213
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    • $350,000

      5515 Flanders St

      Land
      5515 Flanders St, Portland, OR 97213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,076 SF

      Turn-Key Office or Retail Space

      Office or retail space with kitchenette and private office.
      5200-5220 NE Sacramento St, Portland, OR 97213
      View Details
    • $19 SF/Yr
      17,846 SF

      Versatile Retail/Showroom Space Available

      Prime Portland commercial property suitable for office, retail, or showroom.
      1815 Northeast 43Rd Ave, Portland, OR 97213
      View Details
    • $20 SF/Yr
      1,118 SF

      Office Space in Portland, Oregon

      Office space available for lease in Portland, Oregon.
      1827 NE 44Th Ave, Portland, OR 97213
      View Details
    • Contact for pricing

      Office Space in Hollywood District

      Class A office space in Portland's Hollywood District.
      4224 NE Halsey St, Portland, OR 97213
      View Details
    • $27 SF/Yr
      14,317 SF

      Retail/Office Space in Beaumont-Alameda

      Retail and office space in a desirable East side neighborhood.
      4803 NE Fremont St, Portland, OR 97213
      View Details
    • Contact for pricing
      18,800 SF

      Portland Industrial Building with Office

      18,800 SF industrial building with office space for lease.
      1163 NE 63Rd Ave, Portland, OR 97213
      View Details
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    7240 Sandy Blvd
    Portland, OR 97213-5741
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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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