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Property profile & analytics
OFF-MARKET
Estimated value
$51,680,000
Apartment buildings
1111 Jefferson St Portland, OR 97201-3317
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0732660
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
170,157 SF
Lot
0.39 ac (16,860 SF)
Zoning code
RXD
APN
1S1E04AA 05300
UPID
US71-0732660
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
-
Karam Lebanese Deli & Catering Restaurant
-
Karam Restaurant and Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$51.68M
Owner & transaction history
Kiw Portland Sky3 Venture LLC · 5 yrs held
Kiw Portland Sky3 Venture LLC
since 2021
Last sale
$71.0M
7 recorded transactions
Zoning & alternative use
RXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$58.3M
+28.8%
Auto repair, garage
$52.0M
+14.8%
Medical building
$51.4M
+13.6%
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%
$36,415,000
6.5%
$33,610,000
7%
$31,210,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$45,240,000
Current use
RESTAURANT
$58,270,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$51,955,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$51,395,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$51,085,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$49,175,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$36,670,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$51.68M
Range $46.51M – $56.85M · ±10% · vs last sale $71.00M (Jul 20 2021)
Last sale anchor
$71.00M
Jul 20 2021
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
$304 / 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
$90,653
Tax year 2023
Assessed value
$3,424,260
Assessed 2023
Previous assessed
$3,324,530
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$5,260,320
Improvement market value
$62,017,200
Total market value
$67,277,520
Applied tax rate
1.0000
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
Off-Market
Year built
2015
Heating
NONE
Stories
1
Total area
170,157 SF
Lot
0.39 ac (16,860 SF)
Zoning code
RXD
APN
1S1E04AA 05300
UPID
US71-0732660
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, OR
Zoning RXD · permitted uses
RXD · 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
$45.2M
RESTAURANT
Est. value
$58.3M
AUTO REPAIR, GARAGE
Est. value
$52.0M
MEDICAL BUILDING
Est. value
$51.4M
RETAIL STORES
Est. value
$51.1M
OFFICE BUILDING
Est. value
$49.2M
COMMERCIAL (GENERAL)
Est. value
$36.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2015
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Kiw Portland Sky3 Venture LLC
Entity
Mailing address
6710 E CAMELBACK RD STE #100, SCOTTSDALE, AZ 85251-2031
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
—
Kiw Portland Sky3 Venture LLC
—
Deed
related
$247,096 · Walker & Dunlop LLC
Jul 20, 2021
$71,000,000
Kiw Portland Sky3 Venture LLC
Ph Portland Jefferson LLC
Special Warranty Deed
$46,100,000 · Cmif Reit LLC
Nov 1, 2017
—
Ph Portland Jefferson LLC
—
Loan Modification
related
$47,500,000 · Miscellaneous Ins Co
Jul 7, 2014
—
Ph Portland Jefferson LLC
—
Deed Of Trust
related
$47,500,000 · Miscellaneous Ins Co
Mar 26, 2014
—
Ph Portland Jefferson LLC
Portland Housing Bureau
Quit Claim Deed
related
—
Mar 6, 2014
—
E & F Properties LLC
Portland Dev Commission
Grant Deed
related
—
Sep 26, 2013
—
Portland Housing Bureau
Portland Dev Commission
Quit Claim Deed
related
—
Oct 13, 2010
—
Bureau,portland H
Portland Dev Commission
Quit Claim Deed
related
—
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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