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Property profile & analytics
OFF-MARKET
Estimated value
$7,880,000
Automotive properties
20 Hancock St, Portland, OR 97212-3956
Entity Owned
7-yr Hold
Free & Clear
Property ID
US71-0608491
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1974
Total area
15,930 SF
Lot
1.61 ac (70,001 SF)
Zoning code
EXD
APN
1N1E27DD 07500
UPID
US71-0608491
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
-
O'Brien Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.88M
Blend (final)
Blend
$7.88M
Owner & transaction history
Ob Portland Properties II LLC · 7 yrs held
Ob Portland Properties II LLC
since 2019
7 recorded transactions
Zoning & alternative use
EXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+12.2%
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
AUTO REPAIR, GARAGE
$4,865,000
Current use
RESTAURANT
$5,455,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$4,810,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$4,785,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±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
$495 / 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
$59,630
Tax year 2023
Assessed value
$2,250,310
Assessed 2023
Previous assessed
$2,184,770
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$6,325,590
Improvement market value
$2,679,340
Total market value
$9,004,930
Applied tax rate
710.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
15,930 SF
Lot
1.61 ac (70,001 SF)
Zoning code
EXD
APN
1N1E27DD 07500
UPID
US71-0608491
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.9M
RESTAURANT
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.8M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1.61 ac
Current owner
From public records · entity-resolved
Ob Portland Properties II LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 726, BELLEVUE, WA 98009-0726
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2019
—
Ob Portland Properties II LLC
Ob Portland Properties LLC
Quit Claim Deed
related
—
Feb 27, 2018
—
Ob Portland Properties LLC
—
Loan Modification
related
$31,500,000 · Toyota Motor Credit
Sep 10, 2015
$22,385,425
Ob Portland Properties LLC
Portland Mgmt Props II LLC
Grant Deed
related
$31,500,000 · Toyota Motor Credit
Aug 13, 2009
—
Portland Mgmt Props II LLC
—
Grant Deed
related
$4,700,000 · Toyota Motor Credit Corp
Apr 8, 2008
$12,000,000
Portland Mgmt Props II LLC
Hannah Ford Real Property LLC
Grant Deed
$12,000,000 · Toyota Motor Credit Corp
Jun 17, 2005
$8,500,000
Hannah Ford Real Property LLC
Coliseum Properties LLC
Grant Deed
$7,225,000 · Bank Of America
—
—
Coliseum Properties LLC
—
Deed Of Trust
related
$4,500,000 · Us Bank
—
—
Coliseum Properties LLC
—
Deed Of Trust
related
$3,056,250 · Us National Bank Oregon
—
—
Coliseum Properties LLC
—
Deed Of Trust
related
$480,000 · Us Bank NA
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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