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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Medical Office Space
1945 Wi Nw Pettygrove St, Portland, OR 97209
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US71-0672484
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
6,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
EX
APN
1N1E33AB 11100
UPID
US71-0672484
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
-
Dove Lewis Veterinary Hospital Physician
-
DoveLewis ER Veterinary Clinic
-
DoveLewis Urgent Care Veterinary Clinic
-
DoveLewis Cardiology Medical Clinic
-
DoveLewis Veterinary Emergency & Specialty Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$860k
Owner & transaction history
Dove American II LLC · 20 yrs held
Dove American II LLC
since 2005
7 recorded transactions
Zoning & alternative use
EX · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$143 / 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
$8,906
Tax year 2023
Assessed value
$336,410
Assessed 2023
Previous assessed
$326,620
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,650,000
Improvement market value
$41,520
Total market value
$1,691,520
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Total area
6,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
EX
APN
1N1E33AB 11100
UPID
US71-0672484
Jurisdiction
MULTNOMAH
Zoning & alternative use
EX · Portland, OR
Zoning EX · permitted uses
EX · 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
2005
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Dove American II LLC
Entity
Mailing address
1945 NW PETTYGROVE ST, PORTLAND, OR 97209-1688
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2025
—
Dove American LLC
—
Deed
related
$2,000,000 · Gesa Cu
Aug 21, 2024
—
Dove American LLC
—
Deed
related
$4,500,000 · Gesa Cu
Aug 6, 2024
—
Dove American LLC
—
Deed
related
—
Nov 20, 2019
—
Dove American LLC
—
Loan Modification
related
$2,870,305 · Us Bk
Sep 27, 2018
—
Dove American LLC
—
Deed
related
$4,700,000 · Us Bank NA
Mar 21, 2018
—
Dove American LLC
—
Deed
related
—
Apr 29, 2009
—
Dove American LLC
—
Deed Of Trust
related
$4,500,000 · Bank Of The West
Oct 20, 2005
—
Dove American II LLC
American Industries INC
Quit Claim Deed
related
—
May 26, 2005
—
Pettygrove Townhomes LLC
—
Deed Of Trust
related
$6,300,000 · West Coast Bank
Mar 24, 2005
$100,000
Lewis Emergency Animal Ho Dove
American Industries INC
Warranty Deed
—
Jan 27, 2005
$200,000
American Industries INC
Rogers,christopher D
Warranty Deed
—
Jan 27, 2005
$3,000,000
Christopher O Rogers
Hale,george A
Grant Deed
$1,475,000 · West Coast Bank
Jan 27, 2005
$10,000
Christopher D Rogers
Hale,george A
Warranty Deed
—
Jan 27, 2005
$2,150,000
George A Hale
Williams Communications LLC
Warranty Deed
—
Mar 22, 2000
$1,360,000
Irving G Snyder
Nwp LLC
Quit Claim Deed
related
—
Oct 18, 1999
$1,309,000
Nwp LLC
Consolidated Freightways Corp
Grant Deed
$765,000 · Us Bank
—
—
Dove American LLC
—
Deed Of Trust
related
$3,446,154 · Us Bk
—
—
Dove American LLC
—
Loan Modification
related
—
—
—
Dove American LLC
—
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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