Entity Owned Property summary
This Portland, Oregon storefront presents a compelling investment opportunity. The 6,000-square-foot property, located at 1103 SE 7th Ave in Multnomah County (zip code 97214), is currently 100% occupied by Mr. Formal, under a triple-net (NNN) lease commencing January 1, 2018. The single-tenant building sits on a 10,000-square-foot lot and boasts ten dedicated parking spaces. Built in 1953, this one-story structure is zoned IG1 and offers a strong cap rate of 6.38%, generating a net operating… income (NOI) of $102,101. The asking price is $1,600,000, translating to $260 per square foot and $160 per square foot for the land. Its prime location, two blocks from OR-99 (a major thoroughfare with 51,573 vehicles per day), within a high-spending Portland district ($817.1 million in annual consumer spending), makes this an attractive owner-user or passive investment opportunity. This exceptional property offers a stable income stream and significant potential for future growth. The property is an ideal investment for those seeking a strong return in a vibrant Portland market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 17 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,000 SF
- Lot area
- 0.23 ac
- Year built
- 1953
- Stories
- 1
- APN
- 1S1E02BC 02400
- Zoning
- IG1
- Assessed value · 2023
- $457,330
- Annual tax · 2023
- $12,119
- Retail Stores · current use
- Auto Repair, Garage
- Medical Building
- Apartment House (5+ Units)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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