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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Investment properties
2104 Morrison St Portland, OR 97214-2825
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-1803357
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1892
Total area
2,661 SF
Lot
0.05 ac (2,380 SF)
Zoning code
CS
APN
1S1E02AA 05500
UPID
US71-1803357
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
-
The DBT Clinic Counselor
-
Jessica Brunelle Counselor Practitioner Service Location
-
Douglas Chapman Counselor Practitioner Service Location
-
Michelle Vinci Practitioner Service Location Marriage Or Relationship Counselor
-
Andrea Tyler Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$680k
Owner & transaction history
Stillpoint Holding Company LLC · 8 yrs held
Stillpoint Holding Company LLC
since 2017
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$855,000
+11.0%
Auto repair, garage
$815,000
+5.3%
Medical building
$805,000
+4.2%
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
COMMERCIAL (GENERAL)
$770,000
Current use
RETAIL STORES
$855,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$770,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$256 / 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
$7,270
Tax year 2023
Assessed value
$274,360
Assessed 2023
Previous assessed
$266,370
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$264,500
Improvement market value
$491,170
Total market value
$755,670
Applied tax rate
201.0000
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
1892
Heating
FORCED AIR
Stories
2
Bathrooms
3
Total area
2,661 SF
Lot
0.05 ac (2,380 SF)
Zoning code
CS
APN
1S1E02AA 05500
UPID
US71-1803357
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, OR
Zoning CS · permitted uses
CS · 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
$770,000
RETAIL STORES
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$805,000
OFFICE BUILDING
Est. value
$770,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1892
Heating
FORCED AIR
Stories
2
Bathrooms
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Stillpoint Holding Company LLC
Entity
Mailing address
4122 NE 26TH AVE, PORTLAND, OR 97211-6502
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2017
—
Stillpoint Holding Company LLC
2104 Morrison LLC
Warranty Deed
$640,000 · Jpmorgan Chase Bank NA
Jul 17, 2017
$748,950
2104 Morrison LLC
Misruth LLC
Warranty Deed
—
Feb 17, 2016
—
Misruth LLC
Hubbell Macklyn W Trust
Grant Deed
—
Jul 29, 2015
—
Hubbell,macklyn W Trust
Hubbell,ward
Quit Claim Deed
related
—
Sep 13, 2006
$350,000
Ward Hubbell
George Hale Dev INC
Warranty Deed
—
Dec 7, 2005
$2,476,065
George Hale Dev INC
Tice Properties LLC
Warranty Deed
—
May 25, 2000
$135,000
Tice Properties LLC
Hud
Grant Deed
$100,000 · Us Bank NA
Dec 7, 1995
$137,500
Metro Community Dev Corp
Brian,ray J & Marilyn B
Grant Deed
$142,600 · Premier Mortgage Resources
Oct 1, 1988
—
Ray J Brian
Unknown
Grant Deed
related
—
—
—
Metro Community Development Co
—
Deed Of Trust
related
$7,000 · Individual
—
—
Macklyn W Hubbell
—
Deed Of Trust
related
$334,000 · Us Bank Trust Co
—
—
Macklyn W Hubbell
—
Deed Of Trust
related
$434,000 · Us Bank Trust Co
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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