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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Medical Office Space
12005 70th Ave, Portland, OR 97223-9634
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1058831
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
3,013 SF
Zoning code
TMU
APN
2S101AB-90141
UPID
US71-1058831
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
-
360 Coaching Solutions Training Center Tutoring Service
-
Janet Thayer Mckee Alternative Medicine Practice Acupuncture
-
Linda Grass Alternative Medicine Practice
-
Living Peace Counseling Counselor
-
Clarity Direct NW LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.55M
Owner & transaction history
Rhodes Properties LLC · 2 yrs held
Rhodes Properties LLC
since 2024
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
TMU · 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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Jun 27 2024)
Last sale anchor
$1.55M
Jun 27 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
$514 / 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
$13,730
Tax year 2023
Assessed value
$780,040
Assessed 2023
Previous assessed
$780,040
+0.0% YoY
Effective rate
1.76%
On assessed value
Improvement market value
$1,269,670
Total market value
$1,269,670
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Total area
3,013 SF
Zoning code
TMU
APN
2S101AB-90141
UPID
US71-1058831
Jurisdiction
WASHINGTON
Zoning & alternative use
TMU · Portland, OR
Zoning TMU · permitted uses
TMU · 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
2011
Heating
NONE
Current owner
From public records · entity-resolved
Rhodes Properties LLC
Entity
Mailing address
10225 SW HALL BLVD STE #104, TIGARD, OR 97223-8855
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 20, 2024
—
Rhodes Properties LLC
—
Deed
related
$652,000 · Cascade Capital Funding
Jun 27, 2024
$1,550,000
Rhodes Properties LLC
Silverado Nw Properties LLC
Warranty Deed
$790,000 · Key Bank NA
Jul 17, 2023
—
Silverado Nw Properties LLC
Roger W Mckee
Bargain And Sale Deed
—
Feb 5, 2018
—
Roger W Mckee
—
Deed
related
$880,000 · First Citizens Bank & Trust Co
Jun 14, 2012
$774,000
Jane T Mckee
Red Rock Business Associates LLC
Warranty Deed
$990,000 · Us Bank NA
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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