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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Auto shops
11572 Pacific Hwy, Portland, OR 97223-8667
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-0594907
Property summary
AI-generated overview
This exceptional 2,600 square foot retail and office space is ideally situated at 11572 SW Pacific Highway in Tigard, Oregon. Boasting a prime location with significant street frontage on a high-traffic thoroughfare averaging approximately 50,000 vehicles daily, this single-tenant property offers unparalleled visibility and accessibility. The space itself features a welcoming reception/lobby area, seamlessly flowing into expansive open areas perfectly suited for a variety of uses, including classrooms, offices, or showrooms. The layout provides flexibility for diverse business needs. Ample on-site parking ensures convenient access for employees and clients alike. Furthermore, its strategic location provides easy access to major transportation arteries, including Interstate 5 and Highway 217, enhancing connectivity and logistical efficiency. This property presents a rare opportunity to establish a thriving business in a highly visible and accessible location within the Tigard submarket. The absence of elevators should be noted. The property type is classified as retail and office, with the subtype being traditional office.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1952
Total area
7,306 SF
Lot
1.32 ac (57,499 SF)
Zoning code
C-G
APN
1S136DA-01000
UPID
US71-0594907
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
-
Discount Fireworks Superstore Discount Store Party Supply Store
-
American Airlines - Book A Flight Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.93M
Owner & transaction history
Greenland Group LLC · 19 yrs held
Greenland Group LLC
since 2007
7 recorded transactions
Zoning & alternative use
C-G · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+12.2%
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
AUTO REPAIR, GARAGE
$2,230,000
Current use
RESTAURANT
$2,500,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$2,205,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$2,195,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,120,000
Change: -5% · Conversion: Moderate
OFFICE BUILDING
$2,110,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,945,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±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
$401 / 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
$13,239
Tax year 2023
Assessed value
$752,120
Assessed 2023
Previous assessed
$730,220
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$936,000
Improvement market value
$601,290
Total market value
$1,537,290
Applied tax rate
23.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1952
Heating
NONE
Total area
7,306 SF
Lot
1.32 ac (57,499 SF)
Zoning code
C-G
APN
1S136DA-01000
UPID
US71-0594907
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Portland, OR
Zoning C-G · permitted uses
C-G · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1952
Heating
NONE
Lot
1.32 ac
Current owner
From public records · entity-resolved
Greenland Group LLC
Entity
Mailing address
PO BOX 1008, NEWPORT, OR 97365-0076
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2010
—
Greenland Group LLC
—
Trustees Deed
related
—
Dec 31, 2009
—
Lawrence Mark E Trust
—
Trustees Deed
related
—
Jun 1, 2007
—
Greenland Group LLC
Lawrence Mark E Trust
Grant Deed
related
—
Nov 14, 2005
—
Lawrence Mark E Trust
—
Trustees Deed
related
$100,000 · Oregon Coast Bank
Apr 15, 2005
—
Lawrence Mark E Trust
—
Trustees Deed
related
$100,104 · Oregon Coast Bank
May 11, 2000
—
Lawrence Trust
Lawrence,christine L
Quit Claim Deed
related
$540,000 · American Pacific Bank
—
—
Lawrence Trust
—
Deed Of Trust
related
$181,000 · American Pacific Bank
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Mark E Lawrence
—
Deed Of Trust
related
$385,000 · Pacific Crest Bank
—
—
Lawrence,tr
—
Deed Of Trust
related
$960,000 · Oregon Coast Bank
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
related
$685,000 · Bank Of The West
—
—
Greenland Group LLC
—
Deed Of Trust
related
$116,718 · Oregon Coast Bank
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Lawrence Trust
—
Deed Of Trust
related
$50,000 · American Pacific Bank
—
—
Greenland Group LLC
—
Deed Of Trust
related
—
—
—
Greenland Group LLC
—
Deed Of Trust
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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