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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Retail space
19340 Stark St Portland, OR 97233-5753
Entity Owned
Free & Clear
Property ID
US71-0450221
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
29,350 SF
Lot
1.27 ac (55,321 SF)
Zoning code
RTC
APN
1S3E05AB 01700
UPID
US71-0450221
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
-
Neveria El Barrilito Grocery & Convenience Store Specialty Food Shop
-
La Pulga Fantástica Flea Market (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$3.82M
Owner & transaction history
Nuevos Niveles LLC
Nuevos Niveles LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
RTC · 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
$3,370,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,700,000
6.5%
$5,265,000
7%
$4,885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,990,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±10% · vs last sale $2.65M (May 26 2025)
Last sale anchor
$2.65M
May 26 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
$130 / 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
$17,667
Tax year 2023
Assessed value
$1,040,590
Assessed 2023
Previous assessed
$1,026,340
+1.4% YoY
Effective rate
1.70%
On assessed value
Land market value
$741,420
Improvement market value
$299,170
Total market value
$1,040,590
Applied tax rate
901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
29,350 SF
Lot
1.27 ac (55,321 SF)
Zoning code
RTC
APN
1S3E05AB 01700
UPID
US71-0450221
Jurisdiction
MULTNOMAH
Zoning & alternative use
RTC · Portland, OR
Zoning RTC · permitted uses
RTC · 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
Est. value
$6.0M
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
1974
Heating
NONE
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Nuevos Niveles LLC
Entity
Free & Clear · 0 yrs held
Mailing address
19310 SE STARK ST, PORTLAND, OR 97233-5753
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 26, 2025
$2,650,000
Nuevos Niveles LLC
Stark Street Trust
Warranty Deed
—
May 5, 2023
—
Dst Advisors INC
B D Gray INC
Bargain And Sale Deed
—
May 5, 2023
$2,650,000
Nuevos Niveles LLC
Dst Advisors INC
Warranty Deed
$2,120,000 · Gesa Cu
Oct 24, 2014
—
Bd Gray INC
Bdg 2 INC
Quit Claim Deed
related
—
Jan 8, 2014
—
Bdg 2 INC
Bd Gray INC
Grant Deed
related
—
Oct 27, 2011
—
Bd Gray INC
Gray,bill D & Dena J
Quit Claim Deed
—
Aug 19, 2010
—
Bill D Gray
Gray,bill D
Quit Claim Deed
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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