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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office Spaces
121 Historic Columbia Riv Hwy Troutdale, OR 97060-2006
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0637377
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Total area
1,876 SF
Lot
0.05 ac (2,327 SF)
Zoning code
CBD
APN
1N3E25BD 00802
UPID
US71-0637377
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$650k
Owner & transaction history
Ar Johnson Holdings LLC · 5 yrs held
Ar Johnson Holdings LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
CBD · Troutdale, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
District Chapter
Top alternative use upside
Medical building
$565,000
+6.5%
Auto repair, garage
$555,000
+4.5%
Retail stores
$555,000
+4.3%
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 Troutdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutdale 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
$670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
MEDICAL BUILDING
$565,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$555,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$485,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Jul 22 2021)
Last sale anchor
$650k
Jul 22 2021
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
$346 / 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
$4,918
Tax year 2023
Assessed value
$273,280
Assessed 2023
Previous assessed
$265,330
+3.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$118,010
Improvement market value
$389,430
Total market value
$507,440
Applied tax rate
242.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
1,876 SF
Lot
0.05 ac (2,327 SF)
Zoning code
CBD
APN
1N3E25BD 00802
UPID
US71-0637377
Jurisdiction
MULTNOMAH
Zoning & alternative use
CBD · Troutdale, ORZoning CBD · permitted uses
CBD · Troutdale, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
District Chapter
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$555,000
RETAIL STORES
Est. value
$555,000
OFFICE BUILDING
Est. value
$485,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1998
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Ar Johnson Holdings LLC
Entity
Mailing address
16227 NE SAN RAFAEL DR, PORTLAND, OR 97230-5660
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$650,000
Ar Johnson Holdings LLC
Loki Holdings LLC
Warranty Deed
$325,000 · Jpmorgan Chase Bank NA
Nov 28, 2017
$527,500
Loki Holdings LLC
Gecko & Fox Investments LLC
Warranty Deed
$496,200 · Jpmorgan Chase Bank NA
Jul 11, 2008
$425,000
Gecko & Fox Investments LLC
Concept Properties LLC
Warranty Deed
—
Dec 31, 1997
—
Concept Properties LLC
Concept Construction INC
Quit Claim Deed
related
$219,156 · Key Bank NA
—
—
Concept Properties LLC
—
Deed Of Trust
related
$55,000 · Wells Fargo Bank
—
—
Concept Properties LLC
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
Concept Properties LLC
—
Deed Of Trust
related
$275,000 · Centennial 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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