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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Warehouses
1018 8th Ave, Portland, OR 97214-2332
Entity Owned
Free & Clear
Property ID
US71-1895361
Property summary
AI-generated overview
This Portland, Oregon industrial property, located at 1018 SE 8th Ave, 97214, offers 8,400 square feet of versatile flex/warehouse space ideal for an owner-user. The building features a 5,000 square foot main level, a 3,400 square foot lower level, and approximately 1,000 square feet of bonus mezzanine space (not included in the 8,400 SF total). Key features include one grade-level loading dock, a professional photo wall, private offices, restrooms, and HVAC. The space boasts high ceilings, several skylights, and concrete floors. A second-floor office provides additional workspace. The property sits on a 5,000 square foot lot and has a 20-foot ceiling height. Currently vacant, this property presents a unique opportunity for businesses seeking a creative and functional space in a desirable Portland location. The asking price is $1,240,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1906
Total area
5,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
IG1
APN
1S1E02BC 00300
UPID
US71-1895361
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
-
Dosha Salon Spa Corporate Office
-
HMJ Solutions Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$966k
Blend (final)
Blend
$910k
Owner & transaction history
1018 LLC
1018 LLC
since 2025
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
IG1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+32.2%
Apartment house (5+ units)
$1.5M
+29.5%
Commercial (general)
$1.5M
+26.9%
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
WAREHOUSE, STORAGE
$1,145,000
Current use
MEDICAL BUILDING
$1,510,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,480,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,450,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $850k (Dec 29 2025)
Last sale anchor
$850k
Dec 29 2025
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
$182 / 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
$6,424
Tax year 2023
Assessed value
$242,430
Assessed 2023
Previous assessed
$235,370
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$371,230
Improvement market value
$732,960
Total market value
$1,104,190
Applied tax rate
884.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1906
Heating
YES
Stories
1
Bathrooms
2
Total area
5,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
IG1
APN
1S1E02BC 00300
UPID
US71-1895361
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG1 · Portland, OR
Zoning IG1 · permitted uses
IG1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1906
Heating
YES
Stories
1
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
1018 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1018 SE 8TH AVE, PORTLAND, OR 97214-2332
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$850,000
1018 LLC
Noor LLC
Warranty Deed
—
Jul 31, 2006
$660,000
Noor LLC
1018 Se 8th Investment LLC
Warranty Deed
$605,336 · Umpqua Bank
Jul 13, 2005
$550,000
1018 Se 8th Investment LLC
Spartacus Ents INC
Warranty Deed
—
Apr 10, 2002
—
Spartacus Enterprises INC
Bedrosian,albert & Merle L
Grant Deed
related
—
Mar 6, 2001
$475,000
Albert Bedrosian
Taylor,roland L & Connie K
Grant Deed
$380,000 · Us Bank NA
Feb 4, 1994
$100,000
Roland L Taylor
Shriners Hospita
Grant Deed
$92,109 · Fay W Hoffman Estate
—
—
Noor LLC
—
Deed Of Trust
related
$281,000 · Rural Housing & Community Dev
—
—
Noor LLC
—
Deed Of Trust
related
$336,298 · Bank Of The West
—
—
Roland L Taylor
—
Deed Of Trust
related
$325,000 · Key Bank NA
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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