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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Turn key restaurants
1951 6th Ave, Portland, OR 97201-5205
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1028430
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Total area
2,818 SF
Lot
0.11 ac (5,000 SF)
Zoning code
RXD
APN
1S1E04DA 04500
UPID
US71-1028430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.02M
Owner & transaction history
Maks Mini Mart INC · 2 yrs held
Maks Mini Mart INC
since 2024
7 recorded transactions
Zoning & alternative use
RXD · 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
Alternative Use
Use
Estimation
RESTAURANT
$965,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$845,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$815,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$360 / 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
$11,428
Tax year 2023
Assessed value
$431,680
Assessed 2023
Previous assessed
$431,680
+0.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,090,980
Improvement market value
$107,390
Total market value
$1,198,370
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
2,818 SF
Lot
0.11 ac (5,000 SF)
Zoning code
RXD
APN
1S1E04DA 04500
UPID
US71-1028430
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, OR
Zoning RXD · permitted uses
RXD · 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
RESTAURANT Current
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$860,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$845,000
OFFICE BUILDING
Est. value
$815,000
RESTAURANT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1971
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Maks Mini Mart INC
Entity
Mailing address
616 SW COLLEGE ST, PORTLAND, OR 97201-5211
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
Maks Mini Mart INC
Acc Op Sw College Street LLC
Special Warranty Deed
$1,112,650 · Harvest Commercial Capital LLC
Jun 15, 2011
$2,250,000
Acc Op Sw Clg Street LLC
Pjc 1 LLC
Grant Deed
—
May 6, 2009
—
Pjc1 LLC
Carson,john H JR
Quit Claim Deed
related
$1,500,000 · Capital Partners LLC
May 6, 2009
$1,500,000
Pjc1 LLC
Triangle Holdings II LLC
Grant Deed
—
May 6, 2009
$1,400,000
Triangle Holdings II LLC
Sheriff Of Multnomah County
Trustees Deed
related
—
May 4, 2007
$2,010,000
6th Group LLC
Makboul,awni R
Warranty Deed
$1,771,224 · Triangle Holdings II LLC
Nov 1, 1988
$300,000
Awni R Makboul
Unknown
Grant Deed
—
—
—
Awni R Makboul
—
Deed Of Trust
related
$258,000 · Key Bank NA
—
—
Awni R Makboul
—
Deed Of Trust
related
$33,819 · Portland Development Commissio
—
—
Pjc1 LLC
—
Deed Of Trust
related
$200,000 · Charles Swank
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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