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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Medical Office Space
1404 181st Ave, Portland, OR 97230-6720
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0894662
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
3,894 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CC
APN
1N3E31AA 00600
UPID
US71-0894662
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
-
Wildwood Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$873k
Blend (final)
Blend
$785k
Owner & transaction history
Paul K Haughom · 5 yrs held
Paul K Haughom
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
CC · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+1.1%
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
$705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,175,000
Current use
AUTO REPAIR, GARAGE
$1,190,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,170,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,120,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $700k (May 5 2021)
Last sale anchor
$700k
May 5 2021
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
$202 / 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
$7,487
Tax year 2023
Assessed value
$429,560
Assessed 2023
Previous assessed
$417,050
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$377,210
Improvement market value
$570,680
Total market value
$947,890
Applied tax rate
901.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
3,894 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CC
APN
1N3E31AA 00600
UPID
US71-0894662
Jurisdiction
MULTNOMAH
Zoning & alternative use
CC · Portland, OR
Zoning CC · permitted uses
CC · 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
MEDICAL BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1974
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Paul K Haughom
Individual
Mailing address
4101 NE 131ST PL, PORTLAND, OR 97230-1419
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2021
—
Paul K Haughom
Paul K Haughom
Intrafamily Transfer
related
—
May 13, 2020
—
1404 Ne 181st LLC
—
Deed
related
$539,532 · Riverview Community Bank
Feb 24, 2016
$700,000
1404 Ne 181st LLC
Haughom,paul
Grant Deed
related
—
Feb 10, 2016
$700,000
1401 Ne 181st LLC
Haughom,paul
Grant Deed
—
Feb 10, 2004
—
Paul K Haughom
Haughom,paul K & Rhonda
Quit Claim Deed
related
$730,500 · Wachovia Bank NA
Jan 13, 1994
$115,000
Paul K Haughom
Kleps,christophe
Grant Deed
$34,000 · Individual
—
—
Paul K Haughom
—
Deed Of Trust
related
$127,324 · Individual
—
—
Paul K Haughom
—
Deed Of Trust
related
$675,000 · Bank Of Salem
—
—
1404 Ne 181st LLC
—
Loan Modification
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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