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Property profile & analytics
OFF-MARKET
Hotels
1355 2nd Ave, Portland, OR 97201-5835
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0403978
Property summary
AI-generated overview
The Porter Hotel, located at 1355 SW 2nd Ave in Portland, Oregon's vibrant downtown, offers 4,825 square feet of Class A retail and restaurant space currently available for lease. This exceptional property is perfect for a variety of uses, including event spaces, thanks to its flexible layout. The building features multiple suites, ranging from a minimum of 225 square feet to a maximum contiguous space of 2,800 square feet, providing options for businesses of all sizes. With ample parking for 93 vehicles, customer and employee convenience is ensured. Situated in Multnomah County, zip code 97201, this location benefits from high foot traffic and excellent visibility. The entire 4,825 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. This property offers a blend of modern amenities and a prime location, making it an ideal investment for discerning businesses seeking a prominent presence in Portland's thriving market. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
183,440 SF
Lot
0.47 ac (20,400 SF)
Zoning code
CXD
APN
1S1E03BC 01400
UPID
US71-0403978
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 Porter Portland, Curio Collection by Hilton Hotel & Motel
-
Porter Hotel Hotel & Motel
-
The Portland Exchange Cafe & Coffee Shop
-
worldmark Hotel & Motel Bed & Breakfast
-
The Xport Rooftop Lounge Bar & Pub Restaurant
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
Union Invs R & E Gmbh · 8 yrs held
Union Invs R & E Gmbh
since 2018
7 recorded transactions
Zoning & alternative use
CXD · 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
$858,758
Tax year 2023
Assessed value
$45,266,170
Assessed 2023
Previous assessed
$27,678,930
+63.5% YoY
Effective rate
1.90%
On assessed value
Land market value
$7,140,000
Improvement market value
$38,126,170
Total market value
$45,266,170
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
183,440 SF
Lot
0.47 ac (20,400 SF)
Zoning code
CXD
APN
1S1E03BC 01400
UPID
US71-0403978
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
Year built
2017
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Union Invs R & E Gmbh
Individual
Mailing address
70 EMPORIO 20355TH XX
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
$134,928,000
Union Invs R & E Gmbh
Portland Hotel Ownership LLC
Grant Deed
—
Mar 15, 2018
—
Portland Hotel Ownership LLC
—
Loan Modification
related
$42,858,502 · Manufacturers Trade & Tr
Feb 5, 2016
—
Portland Hotel Ownership LLC
—
Deed Of Trust
related
$51,488,104 · Manufacturers & Traders Tr
Nov 26, 2013
$4,500,000
Portland Hotel Ownership LLC
Pendleton Pdx LLC
Warranty Deed
—
Apr 30, 2013
$1,700,000
Pendleton Pdx LLC
Fsp Pendleton LLC
Warranty Deed
—
Jul 17, 2007
—
Fsp Pendleton LLC
Fsp Koin Center LLC
Quit Claim Deed
related
—
Jun 21, 2007
$3,000,000
Fsp Koin Center LLC
Koin Center
Grant Deed
related
—
Dec 23, 1998
$22,000,000
Portland Essex House Holdings
Metropolitan Life Insurance
Grant Deed
related
$16,500,000 · Fremont Investment & Loan
Dec 2, 1993
—
House LP Essex
Olympia & York J
Grant Deed
related
—
Jul 1, 1991
$2,100,000
Olympia Street
Unknown
Grant Deed
—
—
—
Koin Center LP
—
Deed Of Trust
related
$2,500,000 · Ap Hoya V LLC
—
—
Pendleton Pdx LLC
—
Deed Of Trust
related
$2,050,000 · First Republic Bank
—
—
Pendleton Pdx LLC
—
Deed Of Trust
related
$3,000,000 · Guthy William R S P Trust (pt)
—
—
House LP Essex
—
Deed Of Trust
related
$26,700 · Citicorp Real Estate
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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