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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Bars & Pubs
12562 Main St Ste 260, Portland, OR 97223-6272
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1757005
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1964
Total area
9,046 SF
Lot
0.6 ac (26,136 SF)
Zoning code
MU-CBD
APN
2S102AC-01101
UPID
US71-1757005
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
$1.75M
Blend (final)
Blend
$1.75M
Owner & transaction history
12562 Main Street LLC · 14 yrs held
12562 Main Street LLC
since 2012
7 recorded transactions
Zoning & alternative use
MU-CBD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,760,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$2,730,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$2,715,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,625,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$2,615,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10%
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
$193 / 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
$13,110
Tax year 2023
Assessed value
$744,830
Assessed 2023
Previous assessed
$723,140
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$361,240
Improvement market value
$1,083,450
Total market value
$1,444,690
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1964
Heating
NONE
Total area
9,046 SF
Lot
0.6 ac (26,136 SF)
Zoning code
MU-CBD
APN
2S102AC-01101
UPID
US71-1757005
Jurisdiction
WASHINGTON
Zoning & alternative use
MU-CBD · Portland, OR
Zoning MU-CBD · permitted uses
MU-CBD · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1964
Heating
NONE
Lot
0.6 ac
Current owner
From public records · entity-resolved
12562 Main Street LLC
Entity
Mailing address
2839 SW 2ND AVE, PORTLAND, OR 97201-4736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2019
—
12562 Main Street LLC
—
Trustees Deed
related
$1,020,000 · First Republic Bk
Aug 30, 2019
—
Main Street LLC
—
Deed
related
$1,116,000 · First Republic Bk
Jun 26, 2012
$1,070,000
12562 Main Street LLC
Two Gs Real Estate LLC
Warranty Deed
$695,000 · First Republic Bank
Feb 29, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 4, 2008
$1,050,000
Two Gs Real Estate LLC
Wilking Investments V LLC
Warranty Deed
$650,000 · Mbank
May 11, 2006
—
Wilking Investments V LLC
Advantage Equities LLC 4034
Quit Claim Deed
related
$200,000 · Banner Bank
Feb 1, 2006
—
Wilking Investments V LLC
Advantage Equities LLC 4034
Warranty Deed
related
—
Jan 9, 2006
$875,000
Advantage Equities LLC 4034
Hammond Properties LLC
Warranty Deed
related
—
Jun 25, 1991
$175,000
David E Hammond
Unknown
Grant Deed
—
—
—
Main Street LLC
—
Deed Of Trust
related
$1,116,000 · First Republic Bk
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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