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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
1538 Jefferson St, Portland, OR 97201-2550
Entity Owned
~
Est. High Equity
Property ID
US71-1698879
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Total area
1,097 SF
Lot
0.03 ac (1,290 SF)
Zoning code
CXD
APN
1S1E04AB 02600
UPID
US71-1698879
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
-
Leaky Roof Gastro Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$545k
Owner & transaction history
1538 Sw Jefferson LLC
1538 Sw Jefferson LLC
since 2025
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RESTAURANT
$375,000
Current use
AUTO REPAIR, GARAGE
$335,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$330,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$330,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Jun 26 2025)
Last sale anchor
$550k
Jun 26 2025
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
$497 / 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
$5,959
Tax year 2023
Assessed value
$228,920
Assessed 2023
Previous assessed
$222,260
+3.0% YoY
Effective rate
2.60%
On assessed value
Land market value
$142,040
Improvement market value
$195,240
Total market value
$337,280
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1947
Heating
NONE
Stories
1
Total area
1,097 SF
Lot
0.03 ac (1,290 SF)
Zoning code
CXD
APN
1S1E04AB 02600
UPID
US71-1698879
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
RESTAURANT Current
Est. value
$375,000
AUTO REPAIR, GARAGE
Est. value
$335,000
MEDICAL BUILDING
Est. value
$330,000
RETAIL STORES
Est. value
$330,000
RESTAURANT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1947
Heating
NONE
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
1538 Sw Jefferson LLC
Entity
Mailing address
1538 SW JEFFERSON ST, PORTLAND, OR 97201-2550
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
$550,000
1538 Sw Jefferson LLC
Boyd & Hendricks Properties LLC
Warranty Deed
—
Dec 5, 2007
$375,000
Boyd & Hendricks Properties LLC
Belfast LLC
Warranty Deed
$347,000 · Wells Fargo Bank NA
Dec 1, 2005
$250,000
Belfast LLC
Caruso,michael & Kathy
Warranty Deed
—
Aug 2, 2002
—
Michael Caruso
Caruso,michael & Kathy
Quit Claim Deed
related
$90,000 · Wells Fargo Bank
May 31, 1996
$125,000
Michael Caruso
Heffernan,michael V
Grant Deed
$93,750 · First Interstate Bank Oregon
Aug 1, 1991
$70,000
Savage Charles H JR Est Of
Unknown
Grant Deed
—
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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