Sign Up Successful!
You now have access to more from Realmo!
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

    815 Halsey St Portland, OR 97232-1219

    • Sports & entertainment properties
    • 26,109 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0081813
    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

    • Lloyd Athletic Club / Gym
    • Portland Personal Training & Weight Loss / Personal Trainer / Physical Fitness Program
    • Pole Portland / Fitness Center
    • Dynamic massage therapy llc / Massage Therapist
    • Lloyd Athletic Club Personal Training / Personal Trainer / Fitness Center

    Property Details for 815 Halsey St

    Year built
    1980
    Lot size
    0.83 lot acres
    Property size
    26,109 SF
    Zone code
    CXD
    Property type
    Sports & entertainment properties
    APN
    1N1E26CC 12100
    APU
    1N1E26CC12100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.657
    Latitude
    45.534
    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
    $60,285
    $0.00
    $0.00
    $2,275,000
    -
    $6,441,090
    $3,346,630
    $9,787,720

    Comparable in this City

    • Value Estimation by Request
      14,680 SF

      1630 38th Ave

      RECREATIONAL, ENTERTAINMENT • 14,680 SF
      1630 38th Ave, Portland, OR 97232-1801
      View Details
    • Value Estimation by Request
      19,099 SF

      21 12th Ave

      RECREATIONAL, ENTERTAINMENT • 19,099 SF
      21 12th Ave, Portland, OR 97232-3100
      View Details
    • Value Estimation by Request
      49,280 SF

      1510 Multnomah St

      RECREATIONAL, ENTERTAINMENT • 49,280 SF
      1510 Multnomah St, Portland, OR 97232-2160
      View Details
    • Value Estimation by Request
      4.34 Acres

      1125 Holladay St

      RECREATIONAL, ENTERTAINMENT • 4.34 Acres
      1125 Holladay St, Portland, OR 97232-2696
      View Details
    • Value Estimation by Request
      28,800 SF

      324 12th Ave

      RECREATIONAL, ENTERTAINMENT • 28,800 SF
      324 12th Ave, Portland, OR 97232-2716
      View Details
    • Value Estimation
      $2,240,000
      7,473 SF

      2885 Sandy Blvd

      RECREATIONAL, ENTERTAINMENT • 7,473 SF
      2885 Sandy Blvd, Portland, OR 97232-2454
      View Details

    Similar Nearby for Sale

    • $899,000
      3,338 SF

      NE Broadway Portland Office Building

      Stabilized Multi-Tenant Office Building in Portland
      2931 Broadway, Portland, OR 97232
      View Details
    • $310,000

      Remodeled Condo with Skyline Views

      Updated 12th-floor condo in The Fontaine with city and mountain views.
      1220 NE 17Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing

      Versatile Irvington Office/Live-Work Space

      Historic building with modern upgrades in prime Portland location.
      Portland, OR 97232
      View Details
    • $1,050,000
      9,000 SF

      NE Portland Development Opportunity

      9,000 SF development lot in a central location.
      233 NE Grand Ave, Portland, OR 97232
      View Details
    • $834,000
      3,338 SF

      Corner Retail Investment Opportunity

      Stabilized commercial property with long-term tenants on a busy corner.
      2931-2935 NE Broadway St, Portland, OR 97232
      View Details
    • $915,000
      3,308 SF

      Retail/Medical Space Near CBD

      Commercial property near Portland's CBD with easy access to I-5/I-84.
      2307 NE Flanders St, Portland, OR 97232
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      3,869 SF

      Strauss on Burnside Retail Spaces

      Portland retail spaces, multiple suites available.
      77 Grand Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      2,220 SF

      Lloyd District Creative Office Space

      Prime Retail Space, High Traffic Location
      35 Weidler St, Portland, OR 97232
      View Details
    • Contact for pricing
      71,559 SF

      Lloyd 700 Office Tower: Portland

      Class A Office Space, Lloyd District
      700 Multnomah St, Portland, OR 97232
      View Details
    • $28 SF/Yr
      1,955 SF

      Retail Space in Lloyd District

      New mixed-use project with restaurant opportunities in growing Lloyd District.
      515-533 NE Holladay St, Portland, OR 97232
      View Details
    • Contact for pricing
      1,043 SF

      Mixed-Use Building Retail Space

      Retail space in a new mixed-use building.
      80 NE 14Th Ave, Portland, OR 97232
      View Details
    • Contact for pricing
      100,000 SF

      Planned Development Project in Portland

      Multi-phased development opportunity for office, medical, or senior housing.
      2627 NE Oregon St, Portland, OR 97232
      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.
    815 Halsey St
    Portland, OR 97232-1219
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.