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Property profile & analytics
OFF-MARKET
Distribution centers
1300 Wi N Riv St Portland, OR 97227
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0049749
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Lot
1.23 ac (53,622 SF)
Zoning code
IHIS
APN
1N1E27CB 02700
UPID
US71-0049749
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
-
M R Flame Inc Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stan Herman · 20 yrs held
Stan Herman
since 2005
6 recorded transactions
Zoning & alternative use
IHIS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,496
Tax year 2023
Assessed value
$358,340
Assessed 2023
Previous assessed
$347,910
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,975,370
Total market value
$1,975,370
Applied tax rate
710.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Heating
NONE
Lot
1.23 ac (53,622 SF)
Zoning code
IHIS
APN
1N1E27CB 02700
UPID
US71-0049749
Jurisdiction
MULTNOMAH
Zoning & alternative use
IHIS · Portland, OR
Zoning IHIS · permitted uses
IHIS · 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
Heating
NONE
Lot
1.23 ac
Current owner
From public records · entity-resolved
Stan Herman
Individual
Free & Clear · 20 yrs held
Mailing address
2335 N CLARK AVE, PORTLAND, OR 97227-1747
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Nov 30, 2005
$1,560,000
Stan Herman
White,joe L
Warranty Deed
—
Jun 7, 2005
$1,460,000
Joe L White
Malafouris,gordon
Warranty Deed
$1,500,000 · Town Center Bank
Jul 1, 1990
$300,000
Gordon Malafouris
Unknown
Grant Deed
—
—
—
Stanley R Herman
—
Deed Of Trust
related
$455,000 · Gypsy Trust (tr)
—
—
Gordon Malafouris
—
Deed Of Trust
related
$275,000 · Us Bank Of Oregon
—
—
Stan Herman
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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