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Property profile & analytics
OFF-MARKET
Estimated value
$20,765,000
Warehouses
18143 Boones Fry Rd Portland, OR 97224-7672
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0664692
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
67,284 SF
Lot
26.31 ac (1,146,064 SF)
Zoning code
MG
APN
2S124B0-01007
UPID
US71-0664692
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 Valve Block Supply Corporate Office
-
Production Sawing Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.77M
Blend (final)
Blend
$20.77M
Owner & transaction history
Pacific Realty Associates LP
Pacific Realty Associates LP
1 recorded transaction
Zoning & alternative use
MG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.0M
+67.8%
Auto repair, garage
$20.5M
+49.6%
Medical building
$20.3M
+48.0%
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
WAREHOUSE, STORAGE
$13,730,000
Current use
RESTAURANT
$23,040,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,545,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$20,325,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$20,200,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$19,445,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,375,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$20.77M
Range $18.69M – $22.84M · ±10%
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
$309 / 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
$251,147
Tax year 2023
Assessed value
$14,292,630
Assessed 2023
Previous assessed
$13,876,340
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$8,619,820
Improvement market value
$23,327,490
Total market value
$31,947,310
Applied tax rate
23.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Buildings
3
Total area
67,284 SF
Lot
26.31 ac (1,146,064 SF)
Zoning code
MG
APN
2S124B0-01007
UPID
US71-0664692
Jurisdiction
WASHINGTON
Zoning & alternative use
MG · Portland, OR
Zoning MG · permitted uses
MG · 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
WAREHOUSE, STORAGE Current
Est. value
$13.7M
RESTAURANT
Est. value
$23.0M
AUTO REPAIR, GARAGE
Est. value
$20.5M
MEDICAL BUILDING
Est. value
$20.3M
RETAIL STORES
Est. value
$20.2M
OFFICE BUILDING
Est. value
$19.4M
COMMERCIAL (GENERAL)
Est. value
$19.4M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Heating
NONE
Buildings
3
Lot
26.31 ac
Current owner
From public records · entity-resolved
Pacific Realty Associates LP
Entity
Mailing address
15350 SW SEQUOIA PKWY STE #300, PORTLAND, OR 97224-7175
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Pacific Realty Associates LP
—
Deed Of Trust
related
$32,500,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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