Property profile

1606 6th Ave 1618 Portland, OR 97232

OFF-MARKET
Retail space
Property ID
US71-0457931
4,851 SF 0.23 ac lot Built 1977
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Total area 4,851 SF
Lot 0.23 ac (10,000 SF)
Zoning code CXD
APN 1N1E26CC 10500
UPID US71-0457931

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1606 6th Ave, Unit 1618 Portland, OR 97232-1203
Portland metro Census 2303 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$1.90M

Owner & transaction history

since 2024
Last sale
$1.9M
3 recorded transactions
2024
$1.9M
2020
Price N/A
2017
Price N/A

Zoning & alternative use

CXD · Portland, OR
Top alternative use upside
Commercial (general) $1.6M +7.6%
Auto repair, garage $1.5M +1.7%
Medical building $1.5M +0.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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