Financial
Distress signals
Property profile

929 23rd Ave Portland, OR 97232

OFF-MARKET
Other warehouses
Property ID
US71-0123856
5,032 SF 0.19 ac lot Built 1965
Last sale Apr 2021 · $1,386,383
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Industrial distribution building featuring a warehouse layout with grade-height and dock-height roll-up doors, along with office space of 1,512 square feet and a 700 square foot mezzanine (not included in the overall square footage figures provided). A heavy crane is located in the warehouse. The building has a recently installed roof membrane. The property is situated in the Kerns neighborhood, just off I-84 and near Sandy Blvd, with access to the CBD, Central Eastside, and Lloyd District…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$502k
Effective rate2.65%

Value estimate

· Sep 2026
$1.40M
$1.26M – $1.53M
Submarket $/SF estimate$1.55M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$204/SF
Submarket average, outlier-cleaned · 200 recorded sales of this use type
Observed band · Q1–Q3$136 – $309
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
EXD
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.3
Mobile Phone Store8.6
Locksmith8.3

Location

929 23rd Ave Portland, OR 97232-2220
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2400 Holladay, Portland, OR 97232-2319 $1,000,000 Dec 2025 10,683 SF
2906 Glisan, Portland, OR 97232-3271 $760,000 Sep 2024 3,884 SF
2316 Glisan, Portland, OR 97232-2312 $1,398,000 May 2023 4,480 SF
1500 Sandy, Portland, OR 97232-3017 $3,069,865 Jul 2021 10,473 SF
2251 Glisan, Portland, OR 97232-2856 $2,400,000 May 2021 4,000 SF
3525 Broadway, Portland, OR 97232-1820 $930,000 Dec 2018 3,326 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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