Add Listing
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

    850 122nd Ave, Unit 856 Portland, OR 97230-2003

    • Office properties & Spaces
    • 4,019 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0912763
    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

    • O'Hara John J / Law Firm
    • Northern Pediatrics: Anh Linh Hoang, MD / Pediatrician / Medical Clinic
    • Barnhouse Amy / Law Firm
    • Carl F. Jepsen, / Law Firm
    • Rezvani Law Office / Law Firm

    Property Details for 850 122nd Ave

    Year built
    1971
    Lot size
    0.23 lot acres
    Property size
    4,019 SF
    Zone code
    CO2
    Property type
    Office properties & Spaces
    APN
    1N2E35BC 03400
    APU
    1N2E35BC03400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,282,000
      Market price range: $714k - $1.73M
      AI Estimate
      $1,282,000
      Market price range: $714k - $1.73M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,155,000
      Current use
      AUTO REPAIR, GARAGE
      $1,225,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $1,215,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $1,205,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $1,160,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.537
    Latitude
    45.5287
    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
    $13,033
    $0.00
    $0.00
    $554,500
    -
    $202,500
    $884,490
    $1,086,990

    Comparable in this City

    • Value Estimation
      $2,090,000
      4,848 SF

      305 181st Ave

      OFFICE (GENERAL) • 4,848 SF
      305 181st Ave, Portland, OR 97230-6617
      View Details
    • Value Estimation by Request
      732 SF

      15350 Sandy Blvd Bldg D

      CONDOMINIUM OFFICES • 732 SF
      15350 Sandy Blvd Bldg D, Portland, OR 97230-4360
      View Details
    • Value Estimation
      $5,025,000
      13,311 SF

      5241 122nd Ave

      OFFICE (GENERAL) • 13,311 SF
      5241 122nd Ave, Portland, OR 97230-1070
      View Details
    • Value Estimation
      $1,410,000
      3,264 SF

      12255 Whitaker Way

      OFFICE (GENERAL) • 3,264 SF
      12255 Whitaker Way, Portland, OR 97230-1101
      View Details
    • Value Estimation
      $1,750,000
      4,876 SF

      3708 122nd Ave

      OFFICE (GENERAL) • 4,876 SF
      3708 122nd Ave, Portland, OR 97230-1357
      View Details
    • Value Estimation by Request
      1.08 Acres

      181st Ave

      CONDOMINIUM OFFICES • 1.08 Acres
      181st Ave, Portland, OR 97230
      View Details

    Similar Nearby for Sale

    • $345,000
      1,464 SF

      15350 NE SANDY, Portland, OR 97230

      Live-work space • 1,464 SF
      15350 NE Sandy Blvd, Portland, OR 97230
      View Details
    • Contact for pricing
      45,968 SF

      Gresham Industrial Property with Office

      Renovated industrial building with office space and easy I-84 access.
      18055 NE San Rafael St, Portland, OR 97230
      View Details
    • Contact for pricing

      Gresham Land Development Opportunity

      1.58 acre site zoned CMU in Gresham, Oregon.
      Apn R321760, Portland, OR 97230
      View Details
    • Contact for pricing

      Gresham Industrial Buildings For Sale

      Industrial buildings in Gresham Enterprise Zone with E-Commerce overlay.
      3003 NE 172Nd Pl, Gresham, OR 97230
      View Details
    • New
      $529,000
      350 SF

      Mid-Century Modern Duplex in Portland

      Portland duplex with ADU, new roof, and spacious yard.
      12340 NE Hassalo St, Portland, OR 97230
      View Details
    • $349,999
      0.28 Acres

      Remodeled Home Near Glendoveer Golf

      Remodeled 2-bedroom home on oversized lot near Glendoveer Golf.
      15412 NE Halsey St, Portland, OR 97230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,922 SF

      Portland Executive Office Space

      Prime Portland Office, 9,922 SF Available
      17800 Riverside Pkwy, Portland, OR 97230
      View Details
    • $23 SF/Yr
      42,000 SF

      Sivers Airport Plaza Executive Suites

      Portland Class A Office Space Available
      5933 Win Sivers Dr, Portland, OR 97230
      View Details
    • Contact for pricing

      Class A Office Building

      Three-story Class A office building near Portland Airport and I-205.
      5933 NE Win Sivers Dr, Portland, OR 97230
      View Details
    • Contact for pricing
      90,894 SF

      Warehouse, Manufacturing and Office Space

      Class A office and warehouse/manufacturing space available for rent.
      19018 NE Portal Way, Portland, OR 97230
      View Details
    • Contact for pricing

      Office Suite with Dental Infrastructure

      1,240 SF office suite ideal for medical or general use.
      Portland, OR 97230
      View Details
    • Contact for pricing
      26,310 SF

      Creative Office and Warehouse Space

      Office, warehouse, and yard space with mountain views available.
      16662 NE Mason St, Portland, OR 97230
      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.
    850 122nd Ave, Unit 856
    Portland, OR 97230-2003
    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.
    Sign Up Successful!
    You now have access to more from Realmo!