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Property profile & analytics
OFF-MARKET
Estimated value
$9,250,000
Retail space
1325 Kearney St Portland, OR 97209-2712
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-0407517
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Total area
21,500 SF
Lot
0.41 ac (18,000 SF)
Zoning code
EXD
APN
1N1E33AD 00400
UPID
US71-0407517
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
-
Lovejoy Square Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.25M
Blend (final)
Blend
$9.25M
Owner & transaction history
Lovejoy Square LLC · 10 yrs held
Lovejoy Square LLC
since 2016
7 recorded transactions
Zoning & alternative use
EXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+14.1%
Commercial (general)
$7.2M
+10.8%
Auto repair, garage
$6.6M
+1.7%
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
$6,455,000
Current use
RESTAURANT
$7,365,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,150,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,565,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$6,495,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$6,215,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,715,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$9.25M
Range $8.33M – $10.18M · ±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
$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
$119,649
Tax year 2023
Assessed value
$4,519,550
Assessed 2023
Previous assessed
$4,387,920
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$7,650,000
Improvement market value
$552,500
Total market value
$8,202,500
Applied tax rate
708.0000
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
1937
Heating
NONE
Stories
2
Total area
21,500 SF
Lot
0.41 ac (18,000 SF)
Zoning code
EXD
APN
1N1E33AD 00400
UPID
US71-0407517
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, OR
Zoning EXD · permitted uses
EXD · 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
$6.5M
RESTAURANT
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1937
Heating
NONE
Stories
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Lovejoy Square LLC
Entity
Mailing address
1615 SE 3RD AVE STE #100, PORTLAND, OR 97214-2283
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2016
$19,750,000
Lovejoy Square LLC
Madden Lovejoy LLC
Grant Deed
$12,837,500 · Miscellaneous Ins Co
Nov 25, 2015
—
Howard Lovejoy LLC
Metro Holdings West IV LLC
Warranty Deed
related
—
Sep 9, 2004
—
Metro Holdings West IV LLC
—
Trustees Deed
related
$600,000 · Intervest Mortgage Co LLC
Jan 15, 2004
$2,180,000
Metro Holdings West IV LLC
Crider R L Trust
Deed Of Trust
related
$2,430,000 · Intervest Mortgage Co LLC
Apr 10, 1998
$103,000
LP Crider
Crider Trust
Grant Deed
related
—
Jul 24, 1997
$245,000
LP Crider
Crider Trust
Grant Deed
related
—
Mar 29, 1995
$435,000
Crider Trust
Peck Investment Co
Grant Deed
$400,000 · Seller
—
—
LP Crider
—
Deed Of Trust
related
$375,000 · Pacific Continental 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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