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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Investment properties
1607 41st Ave Portland, OR 97232-1808
Entity Owned
~
Est. High Equity
Property ID
US71-0111320
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
5,580 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CS
APN
1N1E25DD 11100
UPID
US71-0111320
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
-
Richard E. Fowlks, Attorney at Law Law Firm Child Welfare Organization
-
Snyder Andrea W Law Firm
-
We Create Peace LLC Consultant Human Resource Consulting
-
Thomas Boardman Law Offices Law Firm
-
Genesis Mediation Mediation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.18M
Owner & transaction history
1607 Ne 41st Ave LLC
1607 Ne 41st Ave LLC
since 2025
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+6.0%
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)
$1,800,000
Current use
RESTAURANT
$1,910,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,705,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$1,685,000
Change: -6% · Conversion: Easy
RETAIL STORES
$1,675,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$1,615,000
Change: -11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,485,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.30M (May 27 2025)
Last sale anchor
$1.30M
May 27 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
$211 / 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
$8,875
Tax year 2023
Assessed value
$334,940
Assessed 2023
Previous assessed
$325,190
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$701,700
Improvement market value
$882,930
Total market value
$1,584,630
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
1910
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
5,580 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CS
APN
1N1E25DD 11100
UPID
US71-0111320
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, OR
Zoning CS · permitted uses
CS · 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
$1.8M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
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
1910
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
1607 Ne 41st Ave LLC
Entity
Mailing address
1607 NE 41ST AVE, PORTLAND, OR 97232-1808
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 27, 2025
$1,300,000
1607 Ne 41st Ave LLC
Snyder Family Trust
Warranty Deed
$1,855,890 · Key Bank NA
Jul 1, 2019
—
Raja Properties LLC
Raja Properties LLC
Quit Claim Deed
related
—
May 12, 2014
—
Raja Properties LLC
Snyder,andrea
Quit Claim Deed
related
—
Jul 31, 2002
$759,480
Andrea Snyder
Raze,james R
Grant Deed
$600,000 · Us Bank NA
Aug 1, 1996
$38,500
Katherine Wilson
Lelan H Chin Estate
Grant Deed
—
—
—
Andrea Snyder
—
Deed Of Trust
related
$490,000 · Us Bank NA
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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