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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Investment properties
1744 42nd Ave Portland, OR 97213-1527
Entity Owned
~
Est. High Equity
Property ID
US71-0976415
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Total area
3,015 SF
Lot
0.11 ac (4,933 SF)
Zoning code
CS
APN
1N2E30CC 03800
UPID
US71-0976415
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
-
northwest creative therapy Counselor
-
Haven Dental PDX Dental Office
-
Colleen Burke-Sivers Counselor Community Health Centre
-
May M Chang DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$805k
Owner & transaction history
Alandy Properties LLC
Alandy Properties LLC
since 2025
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+21.2%
Medical building
$910,000
+19.9%
Office building
$870,000
+14.7%
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)
$760,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$870,000
Change: +15% · Conversion: Easy
RETAIL STORES
$690,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$615,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $975k (May 5 2025)
Last sale anchor
$975k
May 5 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
$267 / 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
$7,299
Tax year 2023
Assessed value
$275,460
Assessed 2023
Previous assessed
$267,440
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$262,000
Improvement market value
$633,440
Total market value
$895,440
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
1923
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
3,015 SF
Lot
0.11 ac (4,933 SF)
Zoning code
CS
APN
1N2E30CC 03800
UPID
US71-0976415
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
$760,000
AUTO REPAIR, GARAGE
Est. value
$920,000
MEDICAL BUILDING
Est. value
$910,000
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$615,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1923
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Alandy Properties LLC
Entity
Mailing address
6115 SE MAIN ST, PORTLAND, OR 97215-2814
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$975,000
Alandy Properties LLC
Jeff Lee & May Chang Revocable Trus
Warranty Deed
$975,000 · Jeff Lee
Jul 31, 2017
—
Jeff Lee
—
Deed
related
$300,000 · Us Bank NA
Oct 28, 2016
—
Lee,jeff Trust
—
Deed
related
—
Aug 2, 2010
—
Lee Jeff Trust
Lee,jeff S
Quit Claim Deed
related
—
Jul 1, 1990
$80,000
May M Chang
Unknown
Grant Deed
—
—
—
May M Chang
—
Deed Of Trust
related
$300,000 · Us Bank Trust Co
—
—
Lee,jeff Trust
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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