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Property profile & analytics
FOR LEASE
Office Spaces
1050 6Th Ave 1100, Portland, OR 97204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0272656
For Lease
1 / 9
$129-$20,828/Mo
1050 6Th Ave,Unit 1100, Portland, OR 97204
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Property summary
AI-generated overview
This Class A, 30,000 square foot office building located at 1050 SW 6th Avenue, Suite 1100, Portland, OR 97204, offers a variety of workspace solutions. Situated in Multnomah County, this prestigious building boasts 350 suites, with 5,970 square feet currently available. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to diverse business needs. The building underwent renovations in 2019 and features modern amenities including elevators. Tenancy is multiple, allowing for flexibility in lease terms. The building's striking glass façade provides ample natural light, and its central location in Portland's legal and financial district offers unparalleled convenience and access to cultural attractions, dining, and transportation. Enjoy inspiring city views and a vibrant urban atmosphere. The property is ideal for businesses seeking executive offices, coworking spaces, or creative office environments. This exceptional location provides easy access to the Portland Congress Center and is within walking distance of the Portland Art Museum.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Total area
389,260 SF
Lot
0.92 ac (40,000 SF)
Zoning code
CXD
APN
1S1E03BB 00800
UPID
US71-0272656
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
-
The Melting Pot Restaurant
-
DKS Associates Engineering Consultant
-
Homeward Bound Property Management Property Management Company
-
HE Cross Company | Insure-EZ .com Insurance Agency
-
Western Energy Institute Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$126.43M
Blend (final)
Blend
$126.43M
Owner & transaction history
Asvrf Unico Portland Owner LLC · 4 yrs held
Asvrf Unico Portland Owner LLC
since 2021
6 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$133.3M
+18.9%
Auto repair, garage
$118.9M
+6.0%
Medical building
$117.6M
+4.9%
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
COMMERCIAL (GENERAL)
$112,105,000
Current use
RESTAURANT
$133,305,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$118,855,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$117,575,000
Change: +5% · Conversion: Easy
RETAIL STORES
$116,865,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$112,500,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$103,495,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$126.43M
Range $113.78M – $139.07M · ±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
$325 / 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
$1,036,882
Tax year 2023
Assessed value
$54,655,300
Assessed 2023
Previous assessed
$56,088,795
-2.6% YoY
Effective rate
1.90%
On assessed value
Land market value
$14,000,000
Improvement market value
$44,100,000
Total market value
$58,100,000
Applied tax rate
885.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1982
Heating
NONE
Stories
22
Total area
389,260 SF
Lot
0.92 ac (40,000 SF)
Zoning code
CXD
APN
1S1E03BB 00800
UPID
US71-0272656
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
COMMERCIAL (GENERAL) Current
Est. value
$112.1M
RESTAURANT
Est. value
$133.3M
AUTO REPAIR, GARAGE
Est. value
$118.9M
MEDICAL BUILDING
Est. value
$117.6M
RETAIL STORES
Est. value
$116.9M
OFFICE BUILDING
Est. value
$112.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$103.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1982
Heating
NONE
Stories
22
Lot
0.92 ac
Current owner
From public records · entity-resolved
Asvrf Unico Portland Owner LLC
Entity
Mailing address
1215 4TH AVE STE #600, SEATTLE, WA 98161-1084
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
—
Frederick M Hecht
—
Deed
related
$200,000 · Pnc Bank NA
Oct 20, 2021
—
Asvrf Unico Portland Owner LLC
Asvrf Unico Portland 1 LLC
Special Warranty Deed
$50,765,000 · Tiaa Fsb Holdings INC
Oct 12, 2018
—
Asvrf Unico Portland I LLC
—
Grant Deed
related
$74,000,000 · Wells Fargo Bk
Jan 6, 2017
$85,125,000
Asvrf Unico Portland I LLC
Or-congress Center LP
Grant Deed
$67,350,000 · Royal Bk/canada
Mar 27, 2007
—
River Forum LLC
—
Deed Of Trust
related
$697,200,000 · Goldman Sachs Comm'l Mtg Cap
Feb 10, 2004
—
Hq Global Workplaces INC
—
Deed Of Trust
related
$20,000,000 · Bnp Paribas
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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