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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Auto shops
10921 Simpson St Portland, OR 97220-1212
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-0402560
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1964
Total area
5,472 SF
Lot
1.24 ac (54,014 SF)
Zoning code
IG2H
APN
1N2E15CD 00100
UPID
US71-0402560
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
-
Jp's Northwest auto body Auto Repair Shop
-
FC Junk Car Removal Services in Portland OR Auto Repair Shop Auto Parts Store
-
Monster Metal LLC Metal Fabrication Plant Recycling Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.23M
Owner & transaction history
Karine Goulinian · 2 yrs held
Karine Goulinian
since 2023
5 recorded transactions
Zoning & alternative use
IG2H · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+12.2%
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
AUTO REPAIR, GARAGE
$1,670,000
Current use
RESTAURANT
$1,875,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$1,655,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,645,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,580,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,480,000
Change: -12% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,455,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$225 / 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
$8,235
Tax year 2023
Assessed value
$315,800
Assessed 2023
Previous assessed
$306,610
+3.0% YoY
Effective rate
2.61%
On assessed value
Land market value
$685,720
Improvement market value
$386,160
Total market value
$1,071,880
Applied tax rate
6.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1964
Heating
YES
Bathrooms
2
Total area
5,472 SF
Lot
1.24 ac (54,014 SF)
Zoning code
IG2H
APN
1N2E15CD 00100
UPID
US71-0402560
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG2H · Portland, ORZoning IG2H · permitted uses
IG2H · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
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
1964
Heating
YES
Bathrooms
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Karine Goulinian
Individual
Free & Clear · 2 yrs held
Mailing address
3053 SE 1ST CT, GRESHAM, OR 97080-1507
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
—
Karine Goulinian
Karine Goulinian
Intrafamily Transfer
related
—
Apr 8, 2008
—
Simpson Properties LLC
Rogers,dennis & Charlotte
Grant Deed
related
—
Jan 20, 2005
—
Simpson Investment Props LLC
Rogers,dennis & Charlotte
Grant Deed
—
Dec 29, 2004
—
Dennis Rogers
Simpson 21 Trust
Grant Deed
related
—
May 28, 1991
$100,000
Dennis L Rogers
Rogers,willard J
Grant Deed
related
$100,000 · Rogers Willard J
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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