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Property profile & analytics
OFF-MARKET
Motels
11011 Wi Ne Holman St, Portland, OR 97220
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0636930
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Total area
52,500 SF
Lot
1.79 ac (77,972 SF)
Zoning code
EG2HX
APN
1N2E15CA 00500
UPID
US71-0636930
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
-
Super 8 by Wyndham Portland Airport Hotel & Motel
-
Super 8 PDX - Park Stay & Fly Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patel Family Trust · 7 yrs held
Patel Family Trust
since 2019
5 recorded transactions
Zoning & alternative use
EG2HX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,951
Tax year 2023
Assessed value
$975,130
Assessed 2023
Previous assessed
$946,730
+3.0% YoY
Effective rate
2.25%
On assessed value
Land market value
$1,169,580
Improvement market value
$263,790
Total market value
$1,433,370
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Heating
NONE
Total area
52,500 SF
Lot
1.79 ac (77,972 SF)
Zoning code
EG2HX
APN
1N2E15CA 00500
UPID
US71-0636930
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2HX · Portland, OR
Zoning EG2HX · permitted uses
EG2HX · 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.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
1.79 ac
Current owner
From public records · entity-resolved
Patel Family Trust
Trust
Free & Clear · 7 yrs held
Mailing address
13621 SE EASTRIDGE ST, PORTLAND, OR 97236-6625
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2022
—
Philly Hospitality Property LLC
—
Deed
related
$2,700,000 · Washington State Employees Cu
Jan 18, 2019
—
Patel Family Trust
Patel,bharatkumar & Tarlikaben
Quit Claim Deed
related
—
May 17, 2017
—
Bharatkumar Patel
—
Deed
related
$2,850,000 · Bank Of The West
Oct 22, 2013
$3,239,528
Bharatkumar Patel
Peninsula Group LLC
Grant Deed
$2,965,000 · Pacific Premier Bank
Oct 1, 2010
—
Peninsula Group LLC
—
Deed Of Trust
related
$28,500,000 · 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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