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Property profile & analytics
FOR LEASE
Medical Office Space
10305 SW Park Way Portland, OR 97225
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0395198
For Lease
1 / 16
$8,830,000
10305 SW Park Way, Portland, OR 97225
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
24,410 SF
Lot
0.63 ac (27,443 SF)
Zoning code
BUS
APN
1S102CC-01201
UPID
US71-0395198
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
-
Advanced Pain Management Center Medical Clinic
-
Vladimir B Fiks, MD Physician
-
Synergy Spine Therapy Medical Clinic
-
Lahm Bridget Medical Clinic
-
Lee R. O'Connor, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.83M
Blend (final)
Blend
$8.83M
Owner & transaction history
Ff Holdings LLC · 22 yrs held
Ff Holdings LLC
since 2003
3 recorded transactions
Zoning & alternative use
BUS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.4M
+13.4%
Auto repair, garage
$7.5M
+1.1%
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
MEDICAL BUILDING
$7,375,000
Current use
RESTAURANT
$8,360,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,455,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$7,330,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$7,055,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,030,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,490,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$8.83M
Range $7.95M – $9.71M · ±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
$362 / 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
$78,401
Tax year 2023
Assessed value
$4,345,800
Assessed 2023
Previous assessed
$4,219,230
+3.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$882,040
Improvement market value
$6,459,050
Total market value
$7,341,090
Applied tax rate
51.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2004
Heating
NONE
Total area
24,410 SF
Lot
0.63 ac (27,443 SF)
Zoning code
BUS
APN
1S102CC-01201
UPID
US71-0395198
Jurisdiction
WASHINGTON
Zoning & alternative use
BUS · Portland, ORZoning BUS · permitted uses
BUS · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.4M
RESTAURANT
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$7.3M
OFFICE BUILDING
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
NONE
Lot
0.63 ac
Current owner
From public records · entity-resolved
Ff Holdings LLC
Entity
Mailing address
2705 SW SCENIC DR, PORTLAND, OR 97225-4121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2003
—
Ff Holdings LLC
—
Trustees Deed
related
$970,000 · Wells Fargo Bank
—
—
Ff Holdings LLC
—
Deed Of Trust
related
$999,000 · Rural Housing & Community Dev
—
—
Ff Holdings LLC
—
Deed Of Trust
related
$1,453,277 · Wells Fargo Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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