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Property profile & analytics
FOR LEASE
Apartment buildings
1107 Northeast 9Th Ave, Portland, OR 97232
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-1533787
For Lease
1 / 10
$25 SF/Yr
1107 Northeast 9Th Ave, Portland, OR 97232
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
149,456 SF
Lot
1.09 ac (47,524 SF)
Zoning code
CX
APN
1N1E35BB 02602
UPID
US71-1533787
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
-
Julia Howell Hair Design Hair Salon Nail Salon
-
Sola Salon Studios Hair Salon Nail Salon
-
Lines Grooming & Barber Barber Shop
-
Kanem Bornu Jewelry (Bike/Boat/Book/etc) Store
-
Elwood Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$57.42M
Blend (final)
Blend
$57.43M
Owner & transaction history
AAT LLOYD DISTRICT LLC
AAT LLOYD DISTRICT LLC
Zoning & alternative use
CX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$51.2M
+28.8%
Commercial (general)
$48.3M
+21.5%
Auto repair, garage
$45.6M
+14.8%
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
APARTMENT HOUSE (5+ UNITS)
$39,735,000
Current use
RESTAURANT
$51,185,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$48,270,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$45,635,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$45,145,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$44,870,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$43,195,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$57.43M
Range $51.68M – $63.17M · ±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
$384 / 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
$558,124
Tax year 2023
Assessed value
$21,062,320
Assessed 2023
Previous assessed
$20,448,864
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$8,552,160
Improvement market value
$37,015,170
Total market value
$45,567,330
Applied tax rate
883.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
2013
Heating
NONE
Total area
149,456 SF
Lot
1.09 ac (47,524 SF)
Zoning code
CX
APN
1N1E35BB 02602
UPID
US71-1533787
Jurisdiction
MULTNOMAH
Zoning & alternative use
CX · Portland, OR
Zoning CX · permitted uses
CX · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$39.7M
RESTAURANT
Est. value
$51.2M
COMMERCIAL (GENERAL)
Est. value
$48.3M
AUTO REPAIR, GARAGE
Est. value
$45.6M
MEDICAL BUILDING
Est. value
$45.1M
RETAIL STORES
Est. value
$44.9M
OFFICE BUILDING
Est. value
$43.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2013
Heating
NONE
Lot
1.09 ac
Current owner
From public records · entity-resolved
AAT LLOYD DISTRICT LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3420 CARMEL MTN RD STE #100, SAN DIEGO, CA 92121-1069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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