Financial
Distress signals
Property profile

1639 NW Marshall St Portland, OR 97209

FOR LEASE
Retail space
Property ID
US71-0161260
2,686 SF 0.06 ac lot Built 1918
Last sale Oct 2025 · $1,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a restaurant-ready building with approximately 2,700 square feet of interior space, designed to support food service operations. It includes a commercial kitchen equipped with two Type 1 hood systems (one rated for wood/coal), a walk-in cooler, a grease trap, floor drains, hand wash sinks, a bar area, and dishwashing equipment. The layout also features a second-floor space configured for event use, with private dining and a prep kitchen, as well as an ADA-compliant restroom and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$357k
Effective rate2.65%

Value estimate

· Sep 2026
$805k
$725k – $886k
Submarket $/SF estimate$1.16M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 315 recorded sales of this use type
Observed band · Q1–Q3$178 – $430
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IG1
The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan...
General categoryINDUSTRIAL
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.3
Daycare Center8.3
HVAC Service7.6

Location

1639 NW Marshall St Portland, OR 97209
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
410 9th, Portland, OR 97209-3309 $1,300,000 Jul 2023 1,750 SF
1200-1208 Glisan, Portland, OR 97209 $1,500,000 May 2023 2,500 SF
222-224 Burnside, Portland, OR 97209 $1,250,000 Oct 2022 2,960 SF
1715 Lovejoy, Portland, OR 97209-2322 $1,700,000 May 2022 3,750 SF
511 21st, Portland, OR 97209-1105 $1,700,000 Dec 2021 2,500 SF
1212 Glisan, Portland, OR 97209-3015 $1,100,000 Dec 2020 2,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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