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Financial
Distress signals
Property profile

11850 Ctr Ave Portland, OR 97217

OFF-MARKET
Retail space
Property ID
US71-1079347
1,530 SF 0.42 ac lot Built 1974
Last sale Aug 2015 · $550,000
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,530 square foot retail property, located at 11850 N Center Ave in Portland, Oregon, presents a compelling investment opportunity. Built in 1974 and situated on commercially zoned land in Multnomah County (zip code 97217), the property boasts a strong lease history. Currently operating as a dispensary, the space was formerly a Rich's Cigar Shop. The current tenant is under a lease agreement expiring November 2026, with a single five-year option to renew. The monthly net…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$395k
Effective rate2.65%

Value estimate

· Oct 2026
$550k
$495k – $605k
Submarket $/SF estimate$658k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 315 recorded sales of this use type
Observed band · Q1–Q3$178 – $430
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CG
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy10.3
Dental Office10.0
HVAC Service9.4

Location

11850 Ctr Ave Portland, OR 97217-7830
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5819 Greeley, Portland, OR 97217-4159 $785,000 Jan 2026 2,250 SF
2030 Willis, Portland, OR 97217-6840 $600,000 Dec 2025 1,632 SF
7015 Greeley, Portland, OR 97217-5264 $625,000 Jun 2025 1,752 SF
3200 Lombard, Portland, OR 97217-1206 $535,000 May 2025 1,396 SF
1936 Killingsworth, Portland, OR 97217-4437 $850,000 May 2025 2,250 SF
926-1030 Wi N Lombard, Portland, OR 97217 $2,000,000 Jan 2024 1,120 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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