Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Office Spaces
2066 Irving St Portland, OR 97209-1200
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0552318
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1911
Total area
3,220 SF
Lot
0.11 ac (5,000 SF)
Zoning code
RH
APN
1N1E33BD 05400
UPID
US71-0552318
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
-
ASM Affiliates Environmental Consultant
-
Jolie Krechman, PhD, LLC Physician Medical Clinic
-
Linnea Hall Apartments Apartment Building
-
Naomi Steinberg, PHD Physician Medical Clinic
-
Avant-Garde Publishers Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.29M
Owner & transaction history
2066 Nw Irving LLC · 1 yrs held
2066 Nw Irving LLC
since 2025
Last sale
$1.3M
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
$1,090,000
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)
$1,070,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: -9% · Conversion: Easy
RETAIL STORES
$965,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$930,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.25M (Jun 6 2025)
Last sale anchor
$1.25M
Jun 6 2025
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
$401 / 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
$20,185
Tax year 2023
Assessed value
$762,470
Assessed 2023
Previous assessed
$740,270
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$556,930
Improvement market value
$1,728,790
Total market value
$2,285,720
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1911
Heating
NONE
Stories
2
Total area
3,220 SF
Lot
0.11 ac (5,000 SF)
Zoning code
RH
APN
1N1E33BD 05400
UPID
US71-0552318
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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$965,000
OFFICE BUILDING
Est. value
$930,000
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
1911
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
2066 Nw Irving LLC
Entity
Mailing address
13075 NW RIDGETOP ST, PORTLAND, OR 97229-7098
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 6, 2025
$1,250,000
2066 Nw Irving LLC
2066 Nw Irving Street LLC
Warranty Deed
$910,000 · Consolidated Community Cu
Jun 6, 2025
$300,000
2066 Nw Irving LLC
2066 Nw Irving Street LLC
Warranty Deed
$300,000 · 2066 Nw Irving Street LLC
Sep 18, 2017
—
Jensen Of Freeman Family LLC
—
Deed
related
$100,000 · Jensen Trust (pt)
Nov 20, 2006
—
Jensen Freeman Family LLC
Jensen Trust
Quit Claim Deed
related
—
Jun 21, 1994
$585,000
Frank R Jensen
Culbertson,barry
Grant Deed
$380,250 · First Security Bank Oregon
Oct 1, 1989
$400,000
Barry T Culbertson
Unknown
Grant Deed
—
—
—
Jensen Of Freeman Family LLC
—
Deed Of Trust
related
$500,000 · Jensen Trust (pt)
—
—
Jensen Of Freeman Family LLC
—
Deed Of Trust
related
$500,000 · Jensen Trust (pt)
—
—
Jensen Of Freeman Family LLC
—
Deed Of Trust
related
$100,000 · Jensen Trust (pt)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2066 Irving St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
