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Financial
Distress signals
Property profile

19609 Marine Dr Slip L12 Portland, OR 97230

OFF-MARKET
Commercial real estate
Property ID
US71-1558953
2.64 ac lot
Last sale Apr 2025 · $6,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 62-unit marina on the Columbia River in Portland, Oregon, presents a compelling investment opportunity. Boasting 74,400 square feet on a 15.98-acre lot, this single-story, 1990-built property features 112 parking spaces and a 7.01% cap rate, generating a substantial NOI of $469,431. The property includes 62 floating home sites, with long-term homeowners ensuring high occupancy and minimal turnover. A recent 10% rent increase, implemented in March 2024, further enhances…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$374k
Effective rate2.23%

Value estimate

· Oct 2026
$5.45M
$4.91M – $6.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$288/SF
Submarket average, outlier-cleaned · 517 recorded sales of this use type
Observed band · Q1–Q3$178 – $432

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GI
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.3
Restaurant10.2
Auto Parts Store10.1

Location

19609 Marine Dr Slip L12 Portland, OR 97230-7378
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Levy Code, Portland, OR 97230 $350,000 Jun 2025 No data
Side Ne 185th, Portland, OR 97230 $677,775 Nov 2024 No data
18205 Sandy, Portland, OR 97230-6823 $3,622,450 Sep 2022 No data
Airport, Portland, OR 97230 $6,425,000 Jul 2022 No data
Side Ne Sandy, Portland, OR 97230 $6,200,000 Aug 2020 No data
2188 194th, Portland, OR 97230-7440 $700,000 Nov 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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