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    Property profile & analytics

    8568 Apple Way Portland, OR 97225-1772

    • Retail space
    • 52,550 SF
    • 3.04 lot acres
    OFF-MARKET
    Value Estimations
    $18,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0842129
    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

    • Honeymint Pediatric Dentistry - Portland / Dental Office
    • Raleigh Park Dental Care: Brian T. Rust, DMD / Dental Office
    • Khalil Tara G DDS / Dental Office
    • Cloud Nine Dental : Portland Dentist / Dental Office
    • Mark Rodman / Dental Office

    Property Details for 8568 Apple Way

    Year built
    1990
    Lot size
    3.04 lot acres
    Property size
    52,550 SF
    Zone code
    CS
    Property type
    Retail space
    APN
    1S114AD-02500
    APU
    1S114AD02500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,221,000
      Market price range: $9.33M - $22.6M
      AI Estimate
      $18,221,000
      Market price range: $9.33M - $22.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $15,775,000
      Current use
      RESTAURANT
      $17,995,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $16,045,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $15,875,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $15,185,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $15,135,000
      Change: -4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $13,970,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.765
    Latitude
    45.4857
    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
    $113,049
    $0.00
    $0.00
    $5,349,480
    -
    $3,223,150
    $10,232,890
    $13,456,040

    Comparable in this City

    • Value Estimation
      $5,420,000
      12,598 SF

      4860 Scholls Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,598 SF
      4860 Scholls Fry Rd, Portland, OR 97225-1698
      View Details
    • Value Estimation
      $2,170,000
      9,384 SF

      4730 Oleson Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,384 SF
      4730 Oleson Rd, Portland, OR 97225-1419
      View Details
    • Value Estimation
      $5,360,000
      23,990 SF

      7300 Beaverton Hillsdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 23,990 SF
      7300 Beaverton Hillsdale Hwy, Portland, OR 97225-2010
      View Details
    • Value Estimation
      $4,390,000
      10,200 SF

      7331 Barnes Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,200 SF
      7331 Barnes Rd, Portland, OR 97225-6119
      View Details
    • Value Estimation
      $3,650,000
      8,490 SF

      10215 Park Way

      RETAIL STORES (PERSONAL SERVICES) • 8,490 SF
      10215 Park Way, Portland, OR 97225-5036
      View Details
    • Value Estimation
      $1,345,000
      3,496 SF

      7850 Beaverton Hillsdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,496 SF
      7850 Beaverton Hillsdale Hwy, Portland, OR 97225-2157
      View Details

    Similar Nearby for Sale

    • $1,550,000

      Washington County Retail Building For Sale

      Retail building for sale in Washington County with high visibility.
      3230 SW 87Th Ave, Portland, OR 97225
      View Details
    • Contact for pricing
      5,300 SF

      Flex Space with Retail Storefronts

      5,300 SF flex/warehouse space with two retail storefronts.
      1400-1406 SW Marlow Ave, Portland, OR 97225
      View Details
    • $394,000

      Net-Leased Retail Investment Opportunity

      Net-leased retail investment opportunity in Portland with a strong location.
      8825 SW Canyon Rd, Portland, OR 97225
      View Details
    • $625,000

      Five-Unit Mixed-Use Property

      Mixed-use property with investment upside potential in Washington County.
      8775 Southwest Canyon Rd, Portland, OR 97225
      View Details
    • $400,000
      2,584 SF

      Raleigh Hills Commercial Property Opportunity

      Prime commercial property in Raleigh Hills with OC zoning.
      4575 SW Dogwood St, Portland, OR 97225
      View Details
    • Contact for pricing
      4,000 SF

      Restaurant/Retail Building with Patio

      4,000 SF building with commercial kitchen and outdoor patio.
      10205 SW Park Way, Portland, OR 97225
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,568 SF

      Retail Space in High-Traffic Area

      Retail space available in high-traffic Portland corridor.
      8450-8540 SW Apple Way, Portland, OR 97225
      View Details
    • Contact for pricing
      143,291 SF

      Raleigh Hills Retail Center Opportunity

      Portland retail space, multiple units available.
      7700 Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • $12 SF/Yr
      1,304 SF

      Retail Space with Highway Access

      Professionally managed retail space with convenient highway access.
      1450 SW Marlow Ave, Portland, OR 97225
      View Details
    • Contact for pricing
      1,457 SF

      Retail Space with Excellent Visibility

      Retail space for rent with abundant parking and storage.
      6663-6721 SW Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • Contact for pricing

      Retail Suites in Anchored Center

      Retail, service, and office spaces available in Beaverton, Oregon.
      7700 SW Beaverton-Hillsdale Hwy, Beaverton, OR 97225
      View Details
    • Contact for pricing
      88,535 SF

      Large Retail Space Available

      88,535 SF retail space in strong retail corridor.
      9800-10120 SE Washington St, Portland, OR 97225
      View Details
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    8568 Apple Way
    Portland, OR 97225-1772
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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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