New search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Super regional malls
16916 Trillium St, Portland, OR 97229-1426
Individually Owned
1-yr Hold
Property ID
US71-1656982
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2018
Construction
WOOD FRAME
Total area
3,111 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R-9 NB
APN
1N118AA-02200
UPID
US71-1656982
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
$935k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Atul Shah · 1 yrs held
Atul Shah
since 2024
Last sale
$934,500
6 recorded transactions
Zoning & alternative use
R-9 NB · Portland, 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 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
$935,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$950,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$940,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$935,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$900,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$895,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$635,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $935k (Sep 9 2024)
Last sale anchor
$935k
Sep 9 2024
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
$301 / 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
$9,815
Tax year 2023
Assessed value
$499,140
Assessed 2023
Previous assessed
$499,140
+0.0% YoY
Effective rate
1.97%
On assessed value
Land market value
$366,000
Improvement market value
$547,930
Total market value
$913,930
Applied tax rate
52.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2018
Construction
WOOD FRAME
Heating
YES
Cooling
WALL UNIT
Bathrooms
3
Total area
3,111 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R-9 NB
APN
1N118AA-02200
UPID
US71-1656982
Jurisdiction
WASHINGTON
Zoning & alternative use
R-9 NB · Portland, OR
Zoning R-9 NB · permitted uses
R-9 NB · 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
AUTO REPAIR, GARAGE
Est. value
$950,000
MEDICAL BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$935,000
OFFICE BUILDING
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$635,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2018
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Atul Shah
Individual
Mailing address
16916 NW TRILLIUM ST, PORTLAND, OR 97229-1426
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 1, 2025
—
Atul Shah
—
Deed
related
$739,700 · Provident Funding Associates LP
Sep 9, 2024
$934,500
Atul Shah
Harshit Patel
Warranty Deed
$747,600 · Provident Funding Associates LP
Oct 28, 2020
—
Harshit Patel
—
Deed
related
$340,978 · First Technology Federal Cu
Aug 7, 2019
—
Harshit Patel
—
Deed
related
$538,000 · First Technology Federal Cu
Jul 19, 2018
$749,950
Harshit Patel
Noyes Development Co
Warranty Deed
$588,950 · First Technology Federal Cu
Feb 22, 2018
—
Noyes Dev Co
—
Grant Deed
related
$1,698,950 · Community Fin'l
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16916 Trillium St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
