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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office Spaces
10101 Main St 3-1 Portland, OR 97216-2455
Individually Owned
11-yr Hold
Free & Clear
Property ID
US71-0960918
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,399 SF
Lot
0.11 ac (4,791 SF)
Zoning code
CG
APN
1S2E04A 90078
UPID
US71-0960918
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
east Portland neurology Howard tayl Hospital
-
Shalene Badhan, MD Physician
-
HCG Weight Loss Clinic Weight Loss Service Health Consultant
-
Michelle Wheeler, MD Physician
-
Howard Scott Taylor Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$565k
Owner & transaction history
Portland Adventist Medical Cen · 11 yrs held
Portland Adventist Medical Cen
since 2015
2 recorded transactions
Zoning & alternative use
CG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$425,000
+5.7%
Medical building
$425,000
+4.5%
Retail stores
$420,000
+3.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
AUTO REPAIR, GARAGE
$425,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: +5% · Conversion: Easy
RETAIL STORES
$420,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$405,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$404 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,205
Tax year 2023
Assessed value
$381,790
Assessed 2023
Previous assessed
$370,670
+3.0% YoY
Effective rate
2.15%
On assessed value
Improvement market value
$514,800
Total market value
$514,800
Applied tax rate
712.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
1,399 SF
Lot
0.11 ac (4,791 SF)
Zoning code
CG
APN
1S2E04A 90078
UPID
US71-0960918
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, OR
Zoning CG · permitted uses
CG · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$425,000
MEDICAL BUILDING
Est. value
$425,000
RETAIL STORES
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$405,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Portland Adventist Medical Cen
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 619135, ROSEVILLE, CA 95661-9135
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2015
$1,330,000
Portland Adventist Medical Cen
Noland Carter Trust
Warranty Deed
—
Jan 28, 2013
—
Noland Carter & Joni Trust
Noland,carter & Joan L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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