Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    9020 Central St, Unit 9038 Portland, OR 97203-3068

    Property Lookup

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

    9020 Central St, Unit 9038 Portland, OR 97203-3068

    View on Map
    • Apartment buildings
    • 17,288 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Jul 30, 2025
    $1,563,887
    Property ID
    US71-0513293
    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

    • Central Chalet Apartments / Apartment Building

    Property Details for 9020 Central St

    Year built
    1973
    Construction
    FRAME
    Lot size
    0.50 lot acres
    Property size
    17,288 SF
    Zone code
    R1
    Property type
    Apartment buildings
    APN
    1N1W01CD 12900
    APU
    1N1W01CD12900

    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
    -122.756
    Latitude
    45.5936
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $281,480
    $2,368,490
    $2,649,970

    Comparable in this City

    • Value Estimation
      $42,835,000
      127,720 SF

      7227 Philadelphia Ave

      APARTMENT HOUSE (5+ UNITS) • 127,720 SF
      7227 Philadelphia Ave, Portland, OR 97203-3759
      View Details
    • Value Estimation
      $1,210,000
      5,120 SF

      9516 Calhoun Ave

      APARTMENT HOUSE (5+ UNITS) • 5,120 SF
      9516 Calhoun Ave, Portland, OR 97203-1736
      View Details
    • Value Estimation
      $4,535,000
      18,033 SF

      8510 Ivanhoe St

      APARTMENT HOUSE (5+ UNITS) • 18,033 SF
      8510 Ivanhoe St, Portland, OR 97203-4988
      View Details
    • Value Estimation by Request
      2,327 SF

      8617 Hodge Ave

      Multifamily properties • 2,327 SF
      8617 Hodge Ave, Portland, OR 97203
      View Details
    • Value Estimation
      $1,005,000
      4,004 SF

      5011 Syracuse St

      APARTMENT HOUSE (5+ UNITS) • 4,004 SF
      5011 Syracuse St, Portland, OR 97203-4497
      View Details
    • Value Estimation
      $2,165,000
      8,139 SF

      4607 Newark St, Unit 4619

      APARTMENT HOUSE (5+ UNITS) • 8,139 SF
      4607 Newark St, Portland, OR 97203-2778
      View Details

    Similar Nearby for Sale

    • New
      $4,123,900
      9,597 SF

      New Construction Cottage Cluster

      Eleven detached homes in Portland's desirable St. Johns neighborhood.
      8328 N Bank St, Portland, OR 97203
      View Details
    • $1,849,000
      6,370 SF

      Portsmouth 8-Plex Investment Opportunity

      Well-maintained 8-unit multifamily property in a desirable, walkable neighborhood.
      8309-8315 N Dwight Ave, Portland, OR 97203
      View Details
    • New
      $1,799,900
      4,349 SF

      St. Johns Detached Homes Portfolio

      Five detached homes in desirable St. Johns neighborhood.
      6917 N Bank St, Portland, OR 97203
      View Details
    • $4,143,900
      9,597 SF

      Multifamily Property with 11 Units

      Multifamily property featuring 11 units in Portland, Oregon.
      8330 N Bank St, Portland, OR 97203
      View Details
    • Contact for pricing
      7,665 SF

      New Multifamily Property in St. Johns

      Twelve-unit multifamily property built in 2020 in Portland's St. Johns.
      7448 N Saint Louis Ave, Portland, OR 97203
      View Details
    • Contact for pricing
      7,500 SF

      St. Johns Multifamily Investment

      9-unit multifamily property in a walkable North Portland neighborhood.
      8220-8236 N Edison St, Portland, OR 97203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      St. Johns Office/Warehouse Space

      Newer construction office and warehouse space near Willamette River.
      8613 N Crawford St, Portland, OR 97203
      View Details
    • Contact for pricing

      Second Generation Restaurant For Lease

      Restaurant space available for lease in Portland, Oregon.
      8600 N Ivanhoe St, Portland, OR 97203
      View Details
    • Contact for pricing
      34,734 SF

      Portland Warehouse with Fenced Security

      Warehouse with immediate port access, office space, and security.
      7605 N Upland Dr, Portland, OR 97203
      View Details
    • $28 SF/Yr
      761 SF

      Restaurant Space in St. Johns

      Second generation pizza restaurant space available in St. Johns.
      7314 N Burr Ave, Portland, OR 97203
      View Details
    • Contact for pricing
      13,200 SF

      Secured Yard Warehouse Space

      Warehouse with fenced yard and convenient freeway access.
      9468 N Macrum Ave, Portland, OR 97203
      View Details
    • Contact for pricing
      84,000 SF

      Warehouse and Office Sublease

      84,000 Sq Ft Class A warehouse and office space.
      7824-7832 N Leadbetter Rd, Portland, OR 97203
      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.
    9020 Central St, Unit 9038
    Portland, OR 97203-3068
    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

    9020 Central St, Portland, OR, 97203

    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!