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Property profile & analytics
OFF-MARKET
Estimated value
$7,940,000
Warehouses
1040 44th Ave Portland, OR 97213-2241
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-1913532
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Total area
44,159 SF
Lot
1.75 ac (76,230 SF)
Zoning code
EG2
APN
1N2E31BB 09900
UPID
US71-1913532
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
-
Eblen Freed PC Law Firm Financial Advisor
-
Dehen 1920 Clothing Supplier
-
Rogue Law Firm PC Law Firm
-
CASTELLI & SPORTFUL USA Production Facility Textile Manufacturer
-
In Fuga Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.94M
Blend (final)
Blend
$7.94M
Owner & transaction history
Dehen Investments LLC · 7 yrs held
Dehen Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
EG2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.8M
+41.6%
Apartment house (5+ units)
$11.7M
+30.3%
Commercial (general)
$11.1M
+23.5%
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
$9,010,000
Current use
OFFICE BUILDING
$12,760,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,740,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,125,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$7.94M
Range $7.15M – $8.73M · ±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
$180 / 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
$47,916
Tax year 2023
Assessed value
$2,305,940
Assessed 2023
Previous assessed
$2,238,780
+3.0% YoY
Effective rate
2.08%
On assessed value
Land market value
$837,450
Improvement market value
$1,746,430
Total market value
$2,583,880
Applied tax rate
201.0000
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
1948
Heating
NONE
Stories
1
Total area
44,159 SF
Lot
1.75 ac (76,230 SF)
Zoning code
EG2
APN
1N2E31BB 09900
UPID
US71-1913532
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2 · Portland, OR
Zoning EG2 · permitted uses
EG2 · 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
$9.0M
OFFICE BUILDING
Est. value
$12.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$11.1M
WAREHOUSE, STORAGE Current
OFFICE 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
1948
Heating
NONE
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Dehen Investments LLC
Entity
Mailing address
1040 NE 44TH AVE STE #3, PORTLAND, OR 97213-2241
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Hilde Investments LLC
—
Deed
related
$2,500,000 · Wells Fargo Bank NA
May 20, 2019
—
Dehen Investments LLC
Dehen Of Artaiz LLC
Quit Claim Deed
—
Jan 13, 2017
—
Dehenartaiz LLC
—
Deed
related
$325,000 · Wells Fargo Bank NA
Jan 6, 2017
—
Dehen/artaiz LLC
—
Deed
related
$325,000 · Wells Fargo Bank NA
Jan 14, 2008
—
Dehen Of Artaiz LLC
—
Trustees Deed
related
$800,000 · Northwest Bank
Oct 26, 2004
—
Dehen Of Artaiz LLC
—
Deed Of Trust
related
$1,500,000 · Sterling Savings Bank
Aug 1, 2003
$1,650,000
Dehen Artaiz LLC
Albina Fuel Co
Grant Deed
$300,000 · Washington Mutual Fsb
Apr 11, 2002
—
Albina Fuel Co
—
Trustees Deed
related
$5,500,000 · Unionbancal Mortgage
Feb 11, 2002
—
Albina Fuel Co
—
Deed Of Trust
related
$16,000,000 · Us Bank NA
Jan 1, 1988
$525,000
Albina Fuel Co
Unknown
Grant Deed
—
—
—
Dehen Of Artaiz LLC
—
Deed Of Trust
related
$1,750,000 · Northwest Bank
—
—
Dehen Of Artaiz LLC
—
Deed Of Trust
related
$410,230 · Northwest Bank
—
—
Dehen Of Artaiz LLC
—
Deed Of Trust
related
$400,000 · Northwest 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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