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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Investment properties
2037 Lovejoy St, Portland, OR 97209-1515
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-1808464
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Total area
3,630 SF
Lot
0.12 ac (5,200 SF)
Zoning code
RH
APN
1N1E33BD 00500
UPID
US71-1808464
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
-
Christiane Millinger Handmade Rugs (Bike/Boat/Book/etc) Store Carpet & Flooring Store
-
Urban Lotus LLC Multicultural Therapy & Consultation Medical Clinic
-
Doyle Lovejoy Hotel & Motel Vacation Rental
-
Beck Susan C Medical Clinic Alternative Medicine Practice
-
Toni R. Bergeron, LPC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$835k
Owner & transaction history
Doyle Lovejoy LLC · 14 yrs held
Doyle Lovejoy LLC
since 2012
7 recorded transactions
Zoning & alternative use
RH · 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
COMMERCIAL (GENERAL)
$1,210,000
Current use
AUTO REPAIR, GARAGE
$1,110,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,095,000
Change: -9% · Conversion: Easy
RETAIL STORES
$1,090,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$1,050,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$230 / 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
$12,723
Tax year 2023
Assessed value
$480,580
Assessed 2023
Previous assessed
$466,590
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$661,000
Improvement market value
$1,046,020
Total market value
$1,707,020
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1905
Heating
FORCED AIR
Stories
2
Bathrooms
4
Total area
3,630 SF
Lot
0.12 ac (5,200 SF)
Zoning code
RH
APN
1N1E33BD 00500
UPID
US71-1808464
Jurisdiction
MULTNOMAH
Zoning & alternative use
RH · Portland, OR
Zoning RH · permitted uses
RH · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) 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
1905
Heating
FORCED AIR
Stories
2
Bathrooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Doyle Lovejoy LLC
Entity
Mailing address
2037 NW LOVEJOY ST, PORTLAND, OR 97209-1515
Ownership since
2012
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 14, 2012
$650,000
Doyle Lovejoy LLC
Minnis,mark G
Warranty Deed
—
Nov 7, 2011
—
Mark G Minnis
Minnis,mark G
Quit Claim Deed
related
—
Oct 25, 2006
$285,000
Mark Minnis
Minnis,milo F
Warranty Deed
related
$136,400 · Milo F Minnis
Oct 25, 2006
$116,900
Mark G Minnis
Minnis,william C
Warranty Deed
related
$116,200 · William C Minnis
Oct 5, 2004
—
Mark G Minnis
Minnis,mark G
Quit Claim Deed
related
—
Jun 28, 2004
—
Mark G Minnis
Minnis,william C
Quit Claim Deed
related
—
Sep 26, 1994
$345,000
Nancy F Minnis Trustee
Jones,tim
Grant Deed
$23,714 · Lincoln Service Corp
Dec 1, 1990
$185,000
Tim Jones
Unknown
Grant Deed
—
—
—
Raymond F Crerand
—
Deed Of Trust
related
$25,000 · Commonwealth Mortgage
—
—
Minnis Trust
—
Deed Of Trust
related
$150,000 · Key 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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