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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Investment properties
2177 Main St Portland, OR 97205-1123
Entity Owned
Free & Clear
Property ID
US71-0407423
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Total area
5,189 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R5
APN
1N1E33CD 04800
UPID
US71-0407423
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
-
Face Place PDX Spa & Massage Center Skin Care Clinic
-
Brown/Armstrong: Philip F. Brown, CPA Accounting Firm Tax Preparation
-
Erica W Kessler LMT Alternative Medicine Practice Spa & Massage Center
-
Dr. Lindsey Nelson Alternative Medicine Practice
-
Brown Armstrong Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.35M
Owner & transaction history
St Clair Main LLC
St Clair Main LLC
since 2025
3 recorded transactions
Zoning & alternative use
R5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+18.9%
Auto repair, garage
$1.6M
+6.0%
Medical building
$1.6M
+4.9%
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)
$1,495,000
Current use
RESTAURANT
$1,775,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,585,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$1,565,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,560,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$1,500,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$260 / 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
$15,456
Tax year 2023
Assessed value
$583,810
Assessed 2023
Previous assessed
$566,810
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$901,700
Improvement market value
$1,218,080
Total market value
$2,119,780
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
1925
Heating
HEAT PUMP
Stories
2
Bathrooms
4
Total area
5,189 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R5
APN
1N1E33CD 04800
UPID
US71-0407423
Jurisdiction
MULTNOMAH
Zoning & alternative use
R5 · Portland, OR
Zoning R5 · permitted uses
R5 · 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
$1.5M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1925
Heating
HEAT PUMP
Stories
2
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
St Clair Main LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2177 SW MAIN ST, PORTLAND, OR 97205-1123
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
—
St Clair Main LLC
St Clair Main
Bargain & Sale Deed
—
Nov 12, 1996
$250,000
Brown,philip F
Roslund,sven R
Trustees Deed
—
Nov 12, 1996
—
St Clair Main
Roslund,sven R
Grant Deed
related
—
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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