Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

1502 Morrison St Portland, OR 97214

OFF-MARKET
Commercial real estate
Property ID
US71-0615903
3,602 SF 0.23 ac lot Built 1959
Last sale Feb 2022 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 3,602 square foot freestanding retail building, located at 1502 SE Morrison Street in Portland, Oregon, presents a unique investment opportunity. Situated on a 9,995 square foot lot, the property boasts a desirable single-tenant occupancy and is fully vacant, allowing for immediate customization to suit a new tenant's needs. Built in 1959, the building is zoned CM2 and is ideally suited for a variety of food-related businesses. The property's key features include a rare…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$260k
Effective rate2.65%

Value estimate

· Nov 2026
$450k
$405k – $495k
Submarket $/SF estimate$768k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$290/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$213 – $415
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CM
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.1
Florist8.4
Watch Repair Shop8.1

Location

1502 Morrison St Portland, OR 97214-2648
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
831 M L King, Portland, OR 97214-2123 $850,000 May 2024 2,050 SF
2802 Ankeny, Portland, OR 97214-1820 $875,000 Nov 2023 3,104 SF
1033-1037 Ash, Portland, OR 97214 $182,000 Mar 2023 2,337 SF
1421 13th, Portland, OR 97214-3609 $395,000 Apr 2022 840 SF
1700 6th, Portland, OR 97214-3525 $69,609 Jun 2019 2,334 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 1502 Morrison St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved