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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Warehouses
2170 Lewis Ave 2182, Portland, OR 97227-1708
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0577304
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1928
Total area
16,896 SF
Lot
0.2 ac (8,574 SF)
Zoning code
IG1
APN
1N1E27CA 06000
UPID
US71-0577304
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
-
PDX Aromatics Tea Manufacturer
-
Phytoextractum Marketing & Advertising IT Consulting Firm
-
Left Coast Kratom Tea Manufacturer Vitamin & Supplements Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.29M
Owner & transaction history
Hob LLC · 8 yrs held
Hob LLC
since 2017
7 recorded transactions
Zoning & alternative use
IG1 · 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
WAREHOUSE, STORAGE
$3,450,000
Current use
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±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
$136 / 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
$12,340
Tax year 2023
Assessed value
$465,670
Assessed 2023
Previous assessed
$452,110
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$479,600
Improvement market value
$2,443,810
Total market value
$2,923,410
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1928
Heating
NONE
Stories
2
Total area
16,896 SF
Lot
0.2 ac (8,574 SF)
Zoning code
IG1
APN
1N1E27CA 06000
UPID
US71-0577304
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG1 · Portland, OR
Zoning IG1 · permitted uses
IG1 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
WAREHOUSE, STORAGE Current
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
1928
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Hob LLC
Entity
Mailing address
2170 N LEWIS AVE, PORTLAND, OR 97227-1708
Mailing matches property
Yes
Owner-occupied
Yes
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
—
Hob LLC
—
Deed
related
$2,100,000 · Onpoint Cmnty Cu
Oct 31, 2017
$2,830,000
Hob LLC
Worchester Building LLC
Warranty Deed
$2,122,500 · Riverview Community Bank
Feb 7, 2017
—
Worchester Building LLC
—
Deed
related
$2,103,630 · Northwest Bk
Aug 31, 2016
—
Worchester Building LLC
—
Deed
related
$500,000 · Northwest Bk
Jun 9, 2016
—
Worchester Building LLC
—
Trustees Deed
related
$250,000 · Northwest Bk
Aug 25, 2015
—
Worchester Building LLC
Gary Tinker
Bargain And Sale Deed
$980,000 · Northwest Bank
Oct 10, 2014
$760,000
Gary Tinker
Cc & G LLC
Warranty Deed
$760,000 · Northwest Bank
Feb 7, 2008
—
Cc & G LLC
—
Trustees Deed
related
$125,000 · Northwest Bank
Dec 11, 2007
$460,000
Cc & G LLC
Ostrom,w Roger
Warranty Deed
$345,000 · Northwest Bank
—
—
W R Ostrom
—
Deed Of Trust
related
$145,000 · Key Bank NA
—
—
Worchester Building LLC
—
Deed Of Trust
related
$450,000 · Northwest Bk
—
—
Cc & G LLC
—
Deed Of Trust
related
$50,000 · Community Dev Commission
—
—
Hob LLC
—
Deed Of Trust
related
$2,100,000 · Onpoint Cmnty Cu
—
—
Linda Showman
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
Worchester Building LLC
—
Loan Modification
related
$500,000 · Northwest Bk
—
—
Worchester Building LLC
—
Loan Modification
related
$2,103,630 · Northwest Bk
—
—
Cc & G LLC
—
Deed Of Trust
related
$475,000 · Northwest Bank
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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