Financial
Distress signals
Property profile

1102 NW Lovejoy St Portland, OR 97209

FOR LEASE
Apartment buildings
Property ID
US71-0919562
140,282 SF 0.98 ac lot Built 1999
Last sale Jun 2011 · $36,875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 1102 NW Lovejoy St, Portland, OR 97209, in the vibrant Pearl District's Central Business District (CBD). The property, Kearney Plaza, is a four-story building constructed in 1999, offering two available suites within a single building. The spaces are ideal for a variety of uses, including cafes, service businesses, barbershops, and boutiques. Two spaces are available, one offering 1,656 square feet and the other 868 square feet, with a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$551k
Tax billed · 2023
Assessed value$20.83M
Effective rate2.65%

Value estimate

· Sep 2026
$44.34M
$39.90M – $48.77M
Submarket $/SF estimate$55.42M
NOI build-up
Gross scheduled income$2.53M
Vacancy & credit loss−$189k
Operating expenses−$701k
NOI · 5,449,956.67% cap applied$1.63M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$266/SF
Submarket average, outlier-cleaned · 440 recorded sales of this use type
Observed band · Q1–Q3$159 – $395

Cap rate analysis

How does the asset earn?
5,449,956.67%
$1.63M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
EXD
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.5
Daycare Center7.2
Tanning Salon6.3

Location

1102 NW Lovejoy St Portland, OR 97209
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1505 21st, Portland, OR 97209-1782 $54,750,000 Dec 2021 127,078 SF
925 Wi Nw Hoyt, Portland, OR 97209 $75,000,000 Dec 2021 194,044 SF
33 Park, Portland, OR 97209-3389 $20,200,000 Dec 2019 48,052 SF
1885 Quimby, Portland, OR 97209-2180 $35,000,000 Sep 2019 84,845 SF
2220 Frnt, Portland, OR 97209-1899 $91,000,000 Aug 2019 234,039 SF
355 6th, Portland, OR 97209-4176 $3,000,000 Nov 2018 50,509 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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