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Property profile & analytics
OFF-MARKET
Estimated value
$19,485,000
Commercial real estate
14986 Cornell Rd Portland, OR 97229-5460
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-0113785
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
67,650 SF
Lot
15.53 ac (676,487 SF)
Zoning code
R-15
APN
1N132A0-00500
UPID
US71-0113785
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
-
Plus Square Dance Club Nightclub Music Venue
-
Oregon Tualatin Valley Amateur Radio Station Telecommunications Service
-
Family Promise of Beaverton Charitable Organization Social Service Agency
-
Iglesia de Cristo Llamados a Conquistar, Ministerios Ebenezer Oregon Church
-
Mustard Seed Preschool High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.48M
Blend (final)
Blend
$19.49M
Owner & transaction history
Sunset Presbyterian Church · 17 yrs held
Sunset Presbyterian Church
since 2009
5 recorded transactions
Zoning & alternative use
R-15 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.2M
+18.9%
Auto repair, garage
$20.7M
+6.0%
Medical building
$20.4M
+4.9%
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)
$19,485,000
Current use
RESTAURANT
$23,165,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,655,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$20,435,000
Change: +5% · Conversion: Easy
RETAIL STORES
$20,310,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$19,550,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$17,985,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$19.49M
Range $17.54M – $21.43M · ±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
$288 / 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
Land market value
$9,153,850
Improvement market value
$34,236,480
Total market value
$43,390,330
Applied tax rate
52.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
2
Total area
67,650 SF
Lot
15.53 ac (676,487 SF)
Zoning code
R-15
APN
1N132A0-00500
UPID
US71-0113785
Jurisdiction
WASHINGTON
Zoning & alternative use
R-15 · Portland, ORZoning R-15 · permitted uses
R-15 · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$19.5M
RESTAURANT
Est. value
$23.2M
AUTO REPAIR, GARAGE
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$20.4M
RETAIL STORES
Est. value
$20.3M
OFFICE BUILDING
Est. value
$19.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2004
Heating
NONE
Buildings
2
Lot
15.53 ac
Current owner
From public records · entity-resolved
Sunset Presbyterian Church
Entity
Mailing address
14986 NW CORNELL RD, PORTLAND, OR 97229-5460
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2009
$438,000
Sunset Presbyterian Church
Presbytery Of The Cascades
Grant Deed
$438,000 · Presbytery Of The Cascade
Apr 3, 2009
—
Sunset Presbyterian Church
—
Deed Of Trust
related
$5,000,000 · Sterling Savings Bank
Apr 30, 2003
—
Presbytery Of The Cascades INC
—
Trustees Deed
related
$9,500,000 · Sterling Savings Bank
—
—
Sunset Presbyterian Church
—
Loan Modification
related
—
—
—
Sunset Presbyterian Church
—
Deed Of Trust
related
$2,260,000 · Bank Of The West
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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