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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Investment properties
1600 Ankeny St 1624 Portland, OR 97214-1448
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0689420
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1902
Total area
7,774 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R2.5
APN
1N1E35DC 04800
UPID
US71-0689420
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
-
ERIN TAYLOR, LMFT, ATR Family Counselor Physical Therapist
-
Beth Ann Short MA, ATR-BC Crisis Center Medical Clinic
-
Isaiah Bartlett, LCSW Counselor
-
Lindsay Coulter, LPC Psychotherapist
-
Three Firs Counseling LLC Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.66M
Owner & transaction history
Harrison Chan LLC · 5 yrs held
Harrison Chan LLC
since 2021
7 recorded transactions
Zoning & alternative use
R2.5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+18.1%
Retail stores
$2.5M
+11.0%
Auto repair, garage
$2.4M
+5.3%
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)
$2,255,000
Current use
RESTAURANT
$2,660,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$2,500,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,375,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$2,350,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,300,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$2,245,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$213 / 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
$9,474
Tax year 2023
Assessed value
$357,540
Assessed 2023
Previous assessed
$347,130
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$387,500
Improvement market value
$985,160
Total market value
$1,372,660
Applied tax rate
201.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1902
Heating
FORCED AIR
Stories
2
Bathrooms
10
Total area
7,774 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R2.5
APN
1N1E35DC 04800
UPID
US71-0689420
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2.5 · Portland, OR
Zoning R2.5 · permitted uses
R2.5 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1902
Heating
FORCED AIR
Stories
2
Bathrooms
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
Harrison Chan LLC
Entity
Mailing address
1311 SE OAK ST, PORTLAND, OR 97214-1428
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Harrison Chan LLC
—
Deed
related
$18,343 · Us Bank NA
Jan 15, 2021
—
Harrison Chan LLC
Richard D Harrison
Quit Claim Deed
related
—
Jan 2, 2019
—
Richard D Harrison
—
Deed
related
$110,000 · Us Bk Tr
Aug 24, 2018
—
Richard D Harrison
—
Deed
related
$90,000 · Us Bk
Apr 21, 2017
—
Richard D Harrison
—
Trustees Deed
related
$200,000 · Us Bk
Mar 16, 1999
—
Richard D Harrison
Byers Trust
Grant Deed
related
—
—
—
Richard D Harrison
—
Deed Of Trust
related
$110,000 · Us Bk Tr
—
—
Richard D Harrison
—
Loan Modification
related
$90,000 · Us Bk
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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