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Property profile & analytics
OFF-MARKET
Hotels
1150 9th Ave, Portland, OR 97209-3583
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-1126411
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Total area
172,700 SF
Lot
1.09 ac (47,698 SF)
Zoning code
EX
APN
1N1E34BB 01304
UPID
US71-1126411
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
-
Lot Four Urban Eatery Restaurant
-
Residence Inn Portland Downtown/Pearl District Hotel & Motel
-
Hotel portland Hotel & Motel
-
catholic cathedral Church
-
Marriott Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wh Pearl Hotel LLC · 6 yrs held
Wh Pearl Hotel LLC
since 2019
7 recorded transactions
Zoning & alternative use
EX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$535,208
Tax year 2023
Assessed value
$20,216,590
Assessed 2023
Previous assessed
$15,162,130
+33.3% YoY
Effective rate
2.65%
On assessed value
Land market value
$13,118,600
Improvement market value
$25,333,070
Total market value
$38,451,670
Applied tax rate
708.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2014
Heating
NONE
Stories
6
Total area
172,700 SF
Lot
1.09 ac (47,698 SF)
Zoning code
EX
APN
1N1E34BB 01304
UPID
US71-1126411
Jurisdiction
MULTNOMAH
Zoning & alternative use
EX · Portland, OR
Zoning EX · permitted uses
EX · 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.
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
6
Lot
1.09 ac
Current owner
From public records · entity-resolved
Wh Pearl Hotel LLC
Entity
Mailing address
600 UNIVERSITY ST STE #2820, SEATTLE, WA 98101-1184
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2019
—
Wh Pearl Hotel LLC
—
Deed
related
$55,000,000 · Dekabank Deutsche Girozentrale
Oct 7, 2019
$88,500,000
Wh Pearl Hotel LLC
Pearl Hotel Investors LLC
Grant Deed
related
—
Jun 10, 2016
—
Portland Dev Commission
Pearl Hotel Investors LLC
Grant Deed
related
—
Apr 26, 2012
$4,500,000
Pearl Hotel Investors LLC
Hoyt Street Properties LLC
Grant Deed
—
May 3, 2004
$4,054,840
Hoyt Street Properties LLC
Portland City (or)
Grant Deed
—
—
—
Wh Pearl Hotel LLC
—
Deed Of Trust
related
$55,000,000 · Dekabank Deutsche Girozentrale
—
—
Pearl Hotel Investors LLC
—
Deed Of Trust
related
$10,000,000 · First Republic Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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