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Property profile & analytics
OFF-MARKET
Estimated value
$21,395,000
Warehouses
12800 Pacific Hwy Portland, OR 97223-5031
Entity Owned
6-yr Hold
Free & Clear
Property ID
US71-0834935
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
112,680 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C-G
APN
2S102BD-01503
UPID
US71-0834935
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
-
Storage space Storage Facility
-
StorQuest Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.40M
Blend (final)
Blend
$21.40M
Owner & transaction history
12740 Sw Pacific LLC · 6 yrs held
12740 Sw Pacific LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-G · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$34.4M
+49.6%
Medical building
$34.0M
+48.0%
Retail stores
$33.8M
+47.1%
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
WAREHOUSE, STORAGE
$22,995,000
Current use
AUTO REPAIR, GARAGE
$34,405,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$34,035,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$33,830,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,715,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$32,565,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$21.40M
Range $19.26M – $23.53M · ±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
$190 / 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
$109,394
Tax year 2023
Assessed value
$6,214,850
Assessed 2023
Previous assessed
$6,033,840
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$1,515,360
Improvement market value
$7,800,610
Total market value
$9,315,970
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Total area
112,680 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C-G
APN
2S102BD-01503
UPID
US71-0834935
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Portland, OR
Zoning C-G · permitted uses
C-G · 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
WAREHOUSE, STORAGE Current
Est. value
$23.0M
AUTO REPAIR, GARAGE
Est. value
$34.4M
MEDICAL BUILDING
Est. value
$34.0M
RETAIL STORES
Est. value
$33.8M
COMMERCIAL (GENERAL)
Est. value
$32.7M
OFFICE BUILDING
Est. value
$32.6M
WAREHOUSE, STORAGE Current
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
2018
Heating
NONE
Lot
1.36 ac
Current owner
From public records · entity-resolved
12740 Sw Pacific LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2034, SANTA MONICA, CA 90406-2034
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2019
—
12740 Sw Pacific LLC
12740 Sw Pacific Sp LLC
Quit Claim Deed
—
Dec 7, 2016
—
12740 Sw Pacific Sp LLC
—
Grant Deed
related
$9,545,000 · Tcf Nat'l Bk
Jun 6, 2016
$1,900,000
12740 Sw Pacific Sp LLC
Gospodinovic Rose M Trust
Grant Deed
—
Nov 12, 2014
—
Gospodinovic,rose M Trust
Gospodinovic Rose M Trust
Quit Claim Deed
related
—
Mar 25, 2011
—
Gospodinovic Rose M Trust
Gospodinovic,rose M
Quit Claim Deed
related
—
—
—
Rose Gospodinovic
—
Deed Of Trust
related
$250,000 · Key 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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