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    Property profile & analytics

    9600 Cascades Pkwy Portland, OR 97220

    • Office Properties & Spaces
    • 92,540 SF
    • 3.97 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0461020
    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

    • DDI System / (Bike/Boat/Book/etc) Store / Corporate Office
    • C U Business Group / Credit Union
    • HostBaby / Data Center / IT Consulting Firm
    • CD Baby / Music Venue
    • Wells Fargo Home Mortgage / Loan Service / Bank

    Property Details for 9600 Cascades Pkwy

    Year built
    2008
    Lot size
    3.97 lot acres
    Property size
    92,540 SF
    Zone code
    EG2
    Property type
    Office Properties & Spaces
    APN
    1N2E16A 01300
    APU
    1N2E16A01300

    Description

    This exceptional Class A office building, constructed in 2009 and boasting LEED Gold certification, offers multiple executive office suites within the vibrant Cascade Station development in Portland, Oregon. Located at 9600 NE Cascades Parkway, 97220, this prime location provides unparalleled convenience with immediate access to Interstate 205, the MAX Light Rail, and Portland International Airport. The building comprises 92,508 square feet across two buildings, with ample parking (1000+ spaces). Currently, 45,673 square feet of space is available, divisible into units as small as 17,500 square feet and up to a contiguous 24,713 square feet. The property is situated within a thriving 120-acre mixed-use development, offering tenants easy access to a wide array of amenities including shops, restaurants, and hotels. This location minimizes commute times for employees and clients alike, making it an ideal choice for businesses seeking a prestigious and strategically located office space in Multnomah County. The building's modern design and convenient location within a dynamic community make it a highly desirable option for businesses of all sizes. The property's proximity to major transportation hubs and amenities ensures a seamless and efficient work environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,533,000
      Market price range: $10.6M - $36.6M
      AI Estimate
      $18,533,000
      Market price range: $10.6M - $36.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $24,990,000
      Current use
      AUTO REPAIR, GARAGE
      $28,255,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $27,950,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $27,780,000
      Change: +11% Conversion: Easy
      OFFICE BUILDING
      $26,745,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $24,605,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.564
    Latitude
    45.5742
    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
    $194,852
    $0.00
    $0.00
    $8,524,510
    -
    $4,425,900
    $27,420,250
    $31,846,150

    Comparable in this City

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      42,000 SF

      5933 Win Sivers Dr

      OFFICE (GENERAL) • 42,000 SF
      5933 Win Sivers Dr, Portland, OR 97220-9056
      View Details
    • Value Estimation
      $7,280,000
      47,083 SF

      305 102nd Ave

      OFFICE (GENERAL) • 47,083 SF
      305 102nd Ave, Portland, OR 97220-4161
      View Details
    • Value Estimation
      $650,000
      2,720 SF

      4707 102nd Ave, Unit 4721

      OFFICE (GENERAL) • 2,720 SF
      4707 102nd Ave, Portland, OR 97220-3393
      View Details
    • Value Estimation
      $1,150,000
      10,000 SF

      4814 107th Ave

      OFFICE (GENERAL) • 10,000 SF
      4814 107th Ave, Portland, OR 97220-2573
      View Details
    • Value Estimation
      $1,025,000
      3,802 SF

      12105 Prescott St

      OFFICE (GENERAL) • 3,802 SF
      12105 Prescott St, Portland, OR 97220-1439
      View Details
    • Value Estimation
      $4,590,000
      30,801 SF

      8383 Sandy Blvd

      OFFICE (GENERAL) • 30,801 SF
      8383 Sandy Blvd, Portland, OR 97220-4948
      View Details

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    • $124,900
      0.14 Acres

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    Similar Nearby for Lease

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      92,508 SF

      Cascade Station Office Suites

      Portland Executive Office Space Available
      9600 Cascades Pkwy, Portland, OR 97220
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      Medical Office Space For Lease

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    9600 Cascades Pkwy
    Portland, OR 97220
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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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