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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial real estate
1637 Laurel St Lake Oswego, OR 97034-4755
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-1862347
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1957
Lot
0.11 ac (5,000 SF)
Zoning code
NC
APN
21E10CC01000
UPID
US71-1862347
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Michael B Gottlieb PC · 4 yrs held
Michael B Gottlieb PC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
NC · Lake Oswego, 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 Lake Oswego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Oswego 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
$805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Oct 4 2021)
Last sale anchor
$700k
Oct 4 2021
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
—
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
$5,821
Tax year 2023
Assessed value
$303,103
Assessed 2023
Previous assessed
$294,275
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$234,675
Improvement market value
$389,980
Total market value
$624,655
Applied tax rate
7.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1957
Heating
NONE
Lot
0.11 ac (5,000 SF)
Zoning code
NC
APN
21E10CC01000
UPID
US71-1862347
Jurisdiction
CLACKAMAS
Zoning & alternative use
NC · Lake Oswego, OR
Zoning NC · permitted uses
NC · Lake Oswego, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Oswego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Michael B Gottlieb PC
Individual
Free & Clear · 4 yrs held
Mailing address
520 2ND ST STE B, LAKE OSWEGO, OR 97034-3294
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
Michael B Gottlieb PC
—
Deed
related
$500,000 · Ready Capital Corp
Oct 4, 2021
$700,000
Michael B Gottlieb PC
Jj Provisions LLC
Warranty Deed
—
Sep 28, 2021
$700,000
Michael B Gottlieb PC
Jj Provisions LLC
Warranty Deed
$595,000 · Us Bank NA
Jun 10, 2016
$485,000
Jj Provisons LLC
King,laura M
Warranty Deed
—
Nov 10, 2011
$330,000
Laura M King
Gordon,scott R
Warranty Deed
$280,500 · Columbia State Bank
Aug 2, 2005
$354,000
Scott R Gordon
Hanna,joseph J & Judith K
Warranty Deed
$283,200 · Ironstone Bank
Aug 2, 2005
—
Joseph J Hanna
Craven,richard E & Mary N
Grant Deed
—
Jun 10, 2002
$275,000
Joseph J Hanna
Craven,richard E & Mary N
—
related
$100,000 · Richard E & Mary N Craven
Dec 1, 1992
$90,000
Richard E Craven
Unknown
Grant Deed
related
—
Jun 9, 1989
$50,000
Maywood Co INC
Shelter Co
Grant Deed
related
$228,000 · Benjamin Franklin Fsb
Jun 7, 1989
$62,000
Maywood Co INC
Shelter Co
Grant Deed
related
$272,000 · Benjamin Franklin Fsb
Apr 24, 1989
$105,000
Maywood Co Injc
Tower,lyle I
Grant Deed
related
$105,000 · Us Bank Of Oregon
—
—
John L Todd
—
Deed Of Trust
related
$168,750 · Benjamin Franklin Fsb
—
—
Maywood Co INC
—
Deed Of Trust
related
$397,500 · Benjamin Franklin Fsb
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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