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Property profile & analytics
OFF-MARKET
Estimated value
$52,290,000
Retail space
1111 102nd Ave, Portland, OR 97220-3902
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-0122347
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
180,632 SF
Lot
14.33 ac (624,215 SF)
Zoning code
CXD
APN
1N2E33AA 00800
UPID
US71-0122347
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
-
Fred Meyer Grocery Pickup and Delivery Take-out & Catering Grocery & Convenience Store
-
Fred Meyer Photo (Bike/Boat/Book/etc) Store
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Margaret Piatz Benck Physician
-
Gatewaygreen Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$52.29M
Blend (final)
Blend
$52.29M
Owner & transaction history
M & T Partners INC
M & T Partners INC
since 2026
2 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$61.9M
+14.1%
Auto repair, garage
$55.2M
+1.7%
Medical building
$54.6M
+0.6%
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
RETAIL STORES
$54,230,000
Current use
RESTAURANT
$61,860,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$55,155,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$54,560,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$52,205,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$48,785,000
Change: -10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$48,025,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$52.29M
Range $47.06M – $57.52M · ±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
$289 / 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
$276,425
Tax year 2023
Assessed value
$15,351,680
Assessed 2023
Previous assessed
$14,917,860
+2.9% YoY
Effective rate
1.80%
On assessed value
Land market value
$6,242,150
Improvement market value
$9,109,530
Total market value
$15,351,680
Applied tax rate
712.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
180,632 SF
Lot
14.33 ac (624,215 SF)
Zoning code
CXD
APN
1N2E33AA 00800
UPID
US71-0122347
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
RETAIL STORES Current
Est. value
$54.2M
RESTAURANT
Est. value
$61.9M
AUTO REPAIR, GARAGE
Est. value
$55.2M
MEDICAL BUILDING
Est. value
$54.6M
OFFICE BUILDING
Est. value
$52.2M
COMMERCIAL (GENERAL)
Est. value
$48.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$48.0M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1987
Heating
NONE
Stories
1
Lot
14.33 ac
Current owner
From public records · entity-resolved
M & T Partners INC
Entity
Free & Clear · 0 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$10,000
M & T Partners INC
Oak Point Partners LLC
Quitclaim Deed
—
Nov 1, 2017
—
M & T Partners INC
—
Grant Deed
related
$145,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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