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Property profile & analytics
FOR SALE
Investment properties
140 NW 4Th Ave Portland, OR 97209
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-0952112
For Sale
1 / 18
$6,400,000
140 NW 4Th Ave, Portland, OR 97209
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1978
Total area
23,786 SF
Lot
0.3 ac (13,000 SF)
Zoning code
CXD
APN
1N1E34CA 07800
UPID
US71-0952112
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
-
Chief Cutz Barber Shop
-
4th Ave Market Discount Store
-
Unspoken Clothing Store
-
Tuck Lung Building Corporate Office
-
Tuck Lung Art Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.29M
Blend (final)
Blend
$6.29M
Owner & transaction history
Gm Tuck Lung LLC · 9 yrs held
Gm Tuck Lung LLC
since 2017
2 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+3.0%
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
COMMERCIAL (GENERAL)
$7,915,000
Current use
RESTAURANT
$8,145,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,265,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$7,185,000
Change: -9% · Conversion: Easy
RETAIL STORES
$7,140,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$6,875,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$6.29M
Range $5.66M – $6.91M · ±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
$264 / 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
$95,667
Tax year 2023
Assessed value
$3,613,660
Assessed 2023
Previous assessed
$3,508,410
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,340,000
Improvement market value
$4,790,550
Total market value
$7,130,550
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1978
Heating
NONE
Stories
2
Total area
23,786 SF
Lot
0.3 ac (13,000 SF)
Zoning code
CXD
APN
1N1E34CA 07800
UPID
US71-0952112
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.9M
RESTAURANT
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.2M
RETAIL STORES
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1978
Heating
NONE
Stories
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Gm Tuck Lung LLC
Entity
Mailing address
PO BOX 5668, PORTLAND, OR 97228-5668
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2017
$8,250,000
Gm Tuck Lung LLC
Fountain Village Development LLC
Special Warranty Deed
$7,464,303 · Riverview Community Bank
Apr 20, 2015
$5,450,000
Fountain Village Dev LLC
Po Sang Garden LLC
Warranty Deed
$3,950,000 · Po Sang Garden LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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