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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Retail space
13185 Pacific Hwy Portland, OR 97223-5086
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0030804
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
8,175 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C-G
APN
2S102CB-00302
UPID
US71-0030804
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
-
The Tamale House Restaurant
-
Highline Vapors (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Yolo Salon Hair Salon
-
9 Nail & Spa Nail Salon
-
Sagrado Corazon III Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$3.52M
Owner & transaction history
State Of Oregon · 4 yrs held
State Of Oregon
since 2022
Last sale
$13,900
7 recorded transactions
Zoning & alternative use
C-G · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+14.1%
Auto repair, garage
$2.5M
+1.7%
Medical building
$2.5M
+0.6%
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
RETAIL STORES
$2,455,000
Current use
RESTAURANT
$2,800,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,495,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,470,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,375,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$2,365,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±10% · vs last sale $14k (Feb 15 2022)
Last sale anchor
$14k
Feb 15 2022
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
$430 / 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
$27,246
Tax year 2023
Assessed value
$1,547,890
Assessed 2023
Previous assessed
$1,502,810
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$1,227,810
Improvement market value
$1,881,340
Total market value
$3,109,150
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
NONE
Total area
8,175 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C-G
APN
2S102CB-00302
UPID
US71-0030804
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
RETAIL STORES Current
Est. value
$2.5M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
NONE
Lot
1.02 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Free & Clear · 4 yrs held
Mailing address
8321 NW RIDGETOP CT, PORTLAND, OR 97229-8063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$13,900
State Of Oregon
Cj Global LLC
Warranty Deed
—
Sep 27, 2019
—
Cassidy Somers
—
Deed
related
$284,000 · Onpoint Cmnty Cu
Jan 12, 2009
—
Cj Global LLC
Kim,kyu S & Min J
Warranty Deed
—
Dec 26, 2008
$2,100,000
Kyu S Kim
Helios Properties LLC
Warranty Deed
—
Dec 8, 2008
—
Helios Properties LLC
—
Trustees Deed
related
$7,086 · Trace Brash Construction
Jul 15, 2005
—
Helios Properties LLC
Aladdin Motor Inns
Grant Deed
$1,218,750 · Pacific Continental Bank
Jul 31, 1998
—
Qayum Investment Properties
Qayum,abdul & Ismat
Quit Claim Deed
related
—
Jul 31, 1998
$1,500,000
Aladdin Motor Inns
Qayum Investment Properties Ll
Trustees Deed
$1,000,000 · Bank Of Newport
Mar 2, 1994
$750,000
Abdul Qayum
Klmlp INC
Grant Deed
$500,000 · Standard Insurance Co
Jan 31, 1994
—
LP Klmlp
Bedford,peter B
Quit Claim Deed
related
—
—
—
Helios Properties LLC
—
Deed Of Trust
related
$782,112 · Fairway America LLC
—
—
Cassidy Somers
—
Deed Of Trust
related
$284,000 · Onpoint Cmnty Cu
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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