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Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Hotels
11936 Glenn Widing Dr, Portland, OR 97220-9099
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0297606
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
1,400 SF
Lot
3.09 ac (134,600 SF)
Zoning code
EG2
APN
1N2E15D 00801
UPID
US71-0297606
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
-
Homewood Suites by Hilton Portland Airport Hotel & Motel Vacation Rental
-
Staybridge Suites Portland - Airport 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
$7.65M
Owner & transaction history
Parma Pdx Airport LLC · 2 yrs held
Parma Pdx Airport LLC
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
EG2 · 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
$8,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±10% · vs last sale $7.34M (Oct 12 2023)
Last sale anchor
$7.34M
Oct 12 2023
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
$5,464 / 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
$144,346
Tax year 2023
Assessed value
$6,319,780
Assessed 2023
Previous assessed
$6,135,710
+3.0% YoY
Effective rate
2.28%
On assessed value
Land market value
$1,615,200
Improvement market value
$19,203,770
Total market value
$20,818,970
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
2000
Heating
NONE
Buildings
2
Stories
3
Bathrooms
5
Total area
1,400 SF
Lot
3.09 ac (134,600 SF)
Zoning code
EG2
APN
1N2E15D 00801
UPID
US71-0297606
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2 · Portland, OR
Zoning EG2 · permitted uses
EG2 · 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
2000
Heating
NONE
Stories
3
Buildings
2
Bathrooms
5
Lot
3.09 ac
Current owner
From public records · entity-resolved
Parma Pdx Airport LLC
Entity
Mailing address
101 SW MADISON ST UNIT #8753, PORTLAND, OR 97207-2124
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
—
Parma Pdx Airport LLC
Seaside Param LLC
Quit Claim Deed
related
$17,500,000 · Starwood Mortgage Capital LLC
Jun 9, 2023
—
Kre Hip Wood Portland Owner LLC
—
Deed
related
$150,000,000 · Aareal Capital Corp
Dec 11, 2015
—
Rbvh Portland Glenn Widing LLC
Rbvh Portland-vancouver Holdin
Quit Claim Deed
$11,900,000 · Miscellaneous Ins Co
Dec 11, 2015
$7,336,577
Rbvh Portland-vancouver Holdin
Realvest Corp
Warranty Deed
—
Aug 5, 2010
—
Ssp Hotel LLC
—
Deed Of Trust
related
$8,250,000 · Cd 2007-cd4 Com'l Mtg Tr (ct)
Jan 19, 2007
—
Ssp Hotel LLC
—
Deed Of Trust
related
$8,250,000 · Citigroup Global Markets Realt
Oct 14, 2002
$6,600,000
Ssp Hotel LLC
Rajyalaxmi INC
Grant Deed
$2,743,753 · Rajyalaxmi INC
May 31, 2000
—
Rajyalaxmi INC
—
Deed Of Trust
related
$5,400,000 · Wells Fargo 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.
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