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Property profile & analytics
OFF-MARKET
Estimated value
$17,000,000
Hotels
11707 Airport Way Portland, OR 97220-1075
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0899647
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Total area
177,331 SF
Lot
4.56 ac (198,634 SF)
Zoning code
EG2HX
APN
1N2E15DA 00800
UPID
US71-0899647
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
-
Parking lot Parking
-
Sojourn Suites Portland Airport Hotel & Motel
-
Shilo Inns Suites Hotels Corporate Office Corporate Office
-
Rose City Round-Up Charitable Organization Social Service Agency
-
Bella's Restaurant & Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.00M
CAP Approach
CAP
$16.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.00M
Owner & transaction history
Pdx Shilo Loan Owner LLC · 2 yrs held
Pdx Shilo Loan Owner LLC
since 2023
Last sale
$17.0M
5 recorded transactions
Zoning & alternative use
EG2HX · 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
Method
Estimation
Statistic approach
$17,000,000
ML approach
$17,000,000
CAP Approach
CAP Return
Estimation
6%
$17,790,000
6.5%
$16,420,000
7%
$15,250,000
Blend value · Realmo final
$17.00M
Range $15.30M – $18.70M · ±10% · vs last sale $17.00M (Jun 14 2024)
Last sale anchor
$17.00M
Jun 14 2024
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
$96 / 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
$138,277
Tax year 2023
Assessed value
$8,110,250
Assessed 2023
Previous assessed
$8,606,800
-5.8% YoY
Effective rate
1.70%
On assessed value
Land market value
$1,986,190
Improvement market value
$6,124,060
Total market value
$8,110,250
Applied tax rate
6.0000
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
1990
Heating
NONE
Stories
4
Total area
177,331 SF
Lot
4.56 ac (198,634 SF)
Zoning code
EG2HX
APN
1N2E15DA 00800
UPID
US71-0899647
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2HX · Portland, OR
Zoning EG2HX · permitted uses
EG2HX · 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
1990
Heating
NONE
Stories
4
Lot
4.56 ac
Current owner
From public records · entity-resolved
Pdx Shilo Loan Owner LLC
Entity
Mailing address
2625 SE ALCATRAZ AVE #513, BERKELEY, CA 94705-2702
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
$19,250,000
Pdx Shilo Loan Owner LLC
Shilo Inn Portland 205 LLC
Deed
—
Dec 27, 2019
—
Shilo Inn Portland & 205 LLC
—
Grant Deed
related
$12,200,000 · Axos Bk
—
—
Shilo Inn Portland/205 LLC
—
Deed Of Trust
related
$8,800,000 · Column Financial INC
—
—
Shilo Inn Portland & 205 LLC
—
Deed Of Trust
related
$8,800,000 · Iborrow Fin Loan Fund I LP
—
—
Shilo Inn Portland & 205 LLC
—
Deed Of Trust
related
$10,000,000 · M360 Community Dev Fund LLC
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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