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Property profile & analytics
FOR LEASE
Office Spaces
1922 NW Pettygrove St Portland, OR 97209
Entity Owned
~
Est. High Equity
Property ID
US71-0086388
For Lease
1 / 2
Contact for pricing
1922 NW Pettygrove St, Portland, OR 97209
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1955
Total area
1,440 SF
Lot
0.06 ac (2,500 SF)
Zoning code
EXD
APN
1N1E33AB 10000
UPID
US71-0086388
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
-
Robert Evans Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Petty & Grove LLC
Petty & Grove LLC
since 2026
Last sale
$956,250
7 recorded transactions
Zoning & alternative use
EXD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$7,052
Tax year 2023
Assessed value
$266,370
Assessed 2023
Previous assessed
$258,620
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$381,410
Improvement market value
$621,620
Total market value
$1,003,030
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1955
Heating
NONE
Stories
1
Total area
1,440 SF
Lot
0.06 ac (2,500 SF)
Zoning code
EXD
APN
1N1E33AB 10000
UPID
US71-0086388
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, OR
Zoning EXD · permitted uses
EXD · 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.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Petty & Grove LLC
Entity
Mailing address
PO BOX 402, KALAMA, WA 98625-0400
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$956,250
Petty & Grove LLC
1922 Nw Pettygrove LLC
Warranty Deed
$600,000 · Columbia Bank
Mar 24, 2023
—
1922 Nw Pettygrove LLC
—
Deed
related
$510,000 · First Republic Bank
Sep 11, 2020
$825,000
1922 Nw Pettygrove LLC
Primasede LLC
Warranty Deed
—
Oct 6, 2009
—
Primasede LLC
—
Trustees Deed
related
—
Oct 16, 2008
—
Primasede LLC
—
Trustees Deed
related
—
Aug 30, 2006
—
Primasede LLC
—
Trustees Deed
related
$337,500 · Bank Of The Cascades
Mar 17, 2006
$435,000
Primasede LLC
Pettigrove Venture LLC
Warranty Deed
—
Mar 17, 2006
—
Pettigrove Venture LLC
Overton Land Co LLC
Grant Deed
related
—
Mar 22, 1999
—
Pettigrove LLC
—
Grant Deed
related
$435,000 · Albina Community Bank
Jan 13, 1997
$140,000
Gabbert,nels D
Green Gables Design & Restorat
Trustees Deed
—
Jan 13, 1997
$280,000
Gabbert,nels D
Green Gables Design & Restorat
Trustees Deed
—
—
—
Primasede LLC
—
Loan Modification
related
—
—
—
Primasede LLC
—
Deed Of Trust
related
—
—
—
Primasede LLC
—
Deed Of Trust
related
—
—
—
Primasede LLC
—
Loan Modification
related
—
—
—
Gables Green
—
Deed Of Trust
related
$140,000 · Key Bank Of Oregon
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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