Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8428 17Th Ave Portland, OR 97202

    Property Lookup

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

    8428 17Th Ave Portland, OR 97202

    View on Map
    • Commercial real estate
    • 1,434 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US71-0855124
    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

    • Commercial real estate

    Property Details for 8428 17Th Ave

    Year built
    1902
    Lot size
    0.12 lot acres
    Property size
    1,434 SF
    Property type
    Commercial real estate

    Description

    This charming 1,434 square foot executive office building, nestled on a 0.12-acre lot in Portland, Oregon's desirable 97202 zip code, presents a unique investment opportunity. Built in 1902, the single-story structure boasts CM2 zoning, offering exceptional flexibility for a variety of uses including residential, office, retail, and commercial ventures. The property includes one parking space and a detached garage, adding convenience and practicality. Its prime location places it just a block from a vibrant array of amenities, including restaurants, cafes, a gym, and numerous shops and professional services. Enjoy the proximity to the Springwater Trail and nearby parks, enhancing the overall appeal and lifestyle benefits. The property's attractive backyard provides additional outdoor space. The asking price for this well-situated and versatile property is $529,000. This is a rare chance to acquire a historic building with significant potential in a thriving Portland neighborhood. The property's combination of character, location, and zoning flexibility makes it an ideal investment for discerning buyers seeking a unique and adaptable space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6467938
    Latitude
    45.4617261

    Comparable in this City

    • $500,000

      Brooklyn Lot with Development Potential

      Charming office space with future development opportunity in Portland.
      1915 SE Pershing St, Portland, OR 97202
      View Details
    • $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
      View Details
    • $1,950,000
      7,778 SF

      Landmark Business Opportunity in Portland

      Rare development opportunity with high visibility and excellent location.
      8325 SE Mcloughlin Blvd, Portland, OR 97202
      View Details
    • $895,000
      3,093 SF

      Office Space on Division Street

      Office property with 3,093 square feet of space for sale.
      7656 SE Division St, Portland, OR 97202
      View Details
    • Contact for pricing

      3526 SE 28th Ave, Portland, OR 97202

      Commercial land
      3526 SE 28Th Ave, Portland, OR 97202
      View Details
    • $815,000

      Retail Opportunity in Sellwood Neighborhood

      3,033 SF retail space in desirable SE Portland neighborhood.
      1405 Southeast Tacoma St, Portland, OR 97202
      View Details

    Similar Nearby for Sale

    • $500,000

      Brooklyn Lot with Development Potential

      Charming office space with future development opportunity in Portland.
      1915 SE Pershing St, Portland, OR 97202
      View Details
    • $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
      View Details
    • $1,950,000
      7,778 SF

      Landmark Business Opportunity in Portland

      Rare development opportunity with high visibility and excellent location.
      8325 SE Mcloughlin Blvd, Portland, OR 97202
      View Details
    • $895,000
      3,093 SF

      Office Space on Division Street

      Office property with 3,093 square feet of space for sale.
      7656 SE Division St, Portland, OR 97202
      View Details
    • Contact for pricing

      3526 SE 28th Ave, Portland, OR 97202

      Commercial land
      3526 SE 28Th Ave, Portland, OR 97202
      View Details
    • $815,000

      Retail Opportunity in Sellwood Neighborhood

      3,033 SF retail space in desirable SE Portland neighborhood.
      1405 Southeast Tacoma St, Portland, OR 97202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Riverfront Office and Coworking Spaces

      Office and coworking spaces with beachfront views and natural light.
      205 SE Spokane St, Portland, OR 97202
      View Details
    • Contact for pricing
      3,080 SF

      Medical Space Available for Lease

      3,080 SF former medical space available for lease.
      7215 SE Milwaukie Ave, Portland, OR 97202
      View Details
    • Contact for pricing
      1,805 SF

      Modern Office Space Available

      Office space with flexible lease terms and convenient transportation access.
      3611 SE 20Th Ave, 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
    • $17 SF/Yr

      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

      River Park Center

      Discover many ways to work your way in River Park Center
      205 Spokane St, Portland, OR 97202
      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.
    8428 17Th Ave
    Portland, OR 97202
    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

    Thank You for Inquiry

    8428 17Th Ave, Portland, OR, 97202

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!