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    806 Southwest Broadway Portland, OR 97205
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    806 Southwest Broadway Portland, OR 97205

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    • Office properties & Spaces
    • 58,018 SF
    • 0.23 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    806 Southwest Broadway, Portland, OR 97205 For Lease
    $15 SF/Yr

    806 Southwest Broadway, Portland, OR 97205

    Prime location with customizable office spaces and abundant natural light.

    806 Southwest Broadway, Portland, OR 97205
    View Listing
    Property ID
    US71-0464442
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Reyn M. Johnson, D.C., P.C. / Alternative Medicine Practice
    • Douglas J. Davies, DC / Alternative Medicine Practice
    • Timothy N. Saruk, DC / Alternative Medicine Practice
    • Steve Smucker Esq. Plaintiff Personal Injury Lawyer / Law Firm
    • Jackson Tower Building / Construction Company

    Property Details for 806 Southwest Broadway

    Year built
    1912
    Lot size
    0.23 lot acres
    Property size
    58,018 SF
    Zone code
    CXD
    Property type
    Office properties & Spaces
    APN
    1S1E03BB 02000
    APU
    1S1E03BB02000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,533,000
      Market price range: $10.3M - $25.0M
      AI Estimate
      $15,533,000
      Market price range: $10.3M - $25.0M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $16,710,000
      Current use
      RESTAURANT
      $19,870,000
      Change: +19% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $17,715,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $17,525,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $17,420,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $16,770,000
      Change: +0% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $15,425,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.68
    Latitude
    45.5184
    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
    $167,908
    $0.00
    $0.00
    $6,715,080
    -
    $4,250,000
    $5,166,000
    $9,416,000

    Comparable in this City

    • Value Estimation
      $14,050,000
      79,084 SF

      1410 Morrison St

      OFFICE (GENERAL) • 79,084 SF
      1410 Morrison St, Portland, OR 97205-1930
      View Details
    • Value Estimation
      $12,855,000
      49,203 SF

      700 Taylor St

      OFFICE (GENERAL) • 49,203 SF
      700 Taylor St, Portland, OR 97205-3040
      View Details
    • Value Estimation
      $13,915,000
      61,805 SF

      1620 Taylor St

      OFFICE (GENERAL) • 61,805 SF
      1620 Taylor St, Portland, OR 97205-1855
      View Details
    • Value Estimation
      $8,025,000
      45,180 SF

      1201 12th Ave

      OFFICE (GENERAL) • 45,180 SF
      1201 12th Ave, Portland, OR 97205-2046
      View Details
    • Value Estimation
      $4,305,000
      24,239 SF

      1221 12th Ave

      OFFICE (GENERAL) • 24,239 SF
      1221 12th Ave, Portland, OR 97205-2036
      View Details
    • Value Estimation by Request
      0.15 Acres

      1140 11th Ave

      CONDOMINIUM OFFICES • 0.15 Acres
      1140 11th Ave, Portland, OR 97205-2491
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,605 SF

      Redevelopment Opportunity in Central Business District

      Rare redevelopment opportunity in Portland's bustling retail core.
      731 SW Morrison St, Portland, OR 97205
      View Details
    • $1,075,000
      5,030 SF

      Portland Office Building For Sale

      Office building with strong occupancy and convenient location.
      916 SW King Ave, Portland, OR 97205
      View Details
    • Contact for pricing
      310 SF

      Remodeled Office Building For Sale

      Four-story office building with modern finishes and natural light.
      737 SW Vista Ave, Portland, OR 97205
      View Details
    • $2,230,000

      Historic Durham House Office Building

      Queen Anne Victorian office building with high visibility and long-term tenants.
      2138 SW Salmon St, Portland, OR 97205
      View Details
    • $1,099,000

      Eliot Tower Retail Condominium Unit

      Prime retail space with long-term tenant in downtown Portland.
      1237 Southwest 10Th Ave, Portland, OR 97205
      View Details
    • $185,000
      0.12 Acres

      Land in Arlington Heights Neighborhood

      Land with hiking trails access in a prime location.
      SW Champlain Dr, Portland, OR 97205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,946 SF

      Modern Office Space Sublease

      Bright office space with new workstations and video conferencing equipment.
      921 SW Washington St, Portland, OR 97205
      View Details
    • Contact for pricing
      10,820 SF

      Office Space with Flexible Layout

      Office space featuring private offices, open workspace, and conference rooms.
      707 SW Washington St, Portland, OR 97205
      View Details
    • Contact for pricing
      3,839 SF

      Renovated Creative Office Space

      Historic Cargo Building office with exposed beams, brick, and skylights.
      75-81 SE Yamhill St, Portland, OR 97205
      View Details
    • Contact for pricing
      13,624 SF

      Modern Office Space with Amenities

      Office space with fitness center, parking, and city views.
      915 SW Stark St, Portland, OR 97205
      View Details
    • $37 SF/Yr

      Class A Office Space Available

      Premier office space in a 30-story mixed-use building.
      760 SW Ninth Ave, Portland, OR 97205
      View Details
    • Contact for pricing
      816 SF

      Office Space in Portland, OR

      Office space available for lease in Portland, Oregon.
      1411 SW Morrison St, Portland, OR 97205
      View Details
    View Listing
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    806 Southwest Broadway
    Portland, OR 97205
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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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