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Property profile & analytics
OFF-MARKET
Estimated value
$6,520,000
Warehouses
1420 17th Ave 1434, Portland, OR 97209-2446
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US71-0456416
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
21,120 SF
Lot
0.87 ac (38,000 SF)
Zoning code
EX
APN
1N1E33AB 00100
UPID
US71-0456416
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
-
Center Gyrotonic Gym & Fitness Center
-
Dr. Melissa Shays Alternative Medicine Practice
-
Lines Dance Academy Portland Training Center
-
Rose City Studio Training Center
-
BallroomWorks Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.52M
Blend (final)
Blend
$6.52M
Owner & transaction history
Pearl Pdx LLC · 12 yrs held
Pearl Pdx LLC
since 2013
7 recorded transactions
Zoning & alternative use
EX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+67.8%
Commercial (general)
$7.0M
+63.0%
Auto repair, garage
$6.5M
+49.6%
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
WAREHOUSE, STORAGE
$4,310,000
Current use
RESTAURANT
$7,235,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,025,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,450,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$6,380,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$6,340,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$6,105,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.87M – $7.17M · ±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
$309 / 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
$52,463
Tax year 2023
Assessed value
$1,981,700
Assessed 2023
Previous assessed
$2,399,320
-17.4% YoY
Effective rate
2.65%
On assessed value
Land market value
$14,671,800
Improvement market value
$12,000
Total market value
$14,683,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
21,120 SF
Lot
0.87 ac (38,000 SF)
Zoning code
EX
APN
1N1E33AB 00100
UPID
US71-0456416
Jurisdiction
MULTNOMAH
Zoning & alternative use
EX · Portland, OR
Zoning EX · permitted uses
EX · 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
WAREHOUSE, STORAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.4M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.1M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Pearl Pdx LLC
Entity
Mailing address
1425 NW 16TH AVE, PORTLAND, OR 97209-2400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Pearl Pdx LLC
—
Deed
related
$1,750,000 · National Ln Acquisitions
Dec 11, 2013
—
Pearl Pdx LLC
Shaowen Yu
Bargain And Sale Deed
$2,500,000 · National Loan Acquisitions Company
Dec 11, 2013
$806,501
Shaowen Yu
Allport Family Trust
Grant Deed
related
—
Aug 13, 2008
$200,000
Allport Family Trust
Allport Family Trust
Grant Deed
related
—
Jan 20, 2006
$2,850,000
Allport Family Trust
Schnitzer Investment Corp
Warranty Deed
$1,228,750 · Homestreet Bank
—
—
Allport Family Trust
—
Deed Of Trust
related
$100,000 · Homestreet Bank
—
—
Allport Family Trust
—
Deed Of Trust
related
$872,400 · Homestreet Bank
—
—
Allport Family Trust
—
Deed Of Trust
related
$2,600,000 · Homestreet Bank
—
—
Allport Family Trust
—
Deed Of Trust
related
$400,000 · Homestreet Bank
—
—
Pearl Pdx LLC
—
Deed Of Trust
related
$1,750,000 · National Ln Acquisitions
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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