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Property profile & analytics
OFF-MARKET
Estimated value
$69,785,000
Apartment buildings
222 Harrison St Portland, OR 97201-5337
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0908988
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
180,528 SF
Lot
1.07 ac (46,435 SF)
Zoning code
RXD
APN
1S1E03CB 01100
UPID
US71-0908988
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
-
Harrison Tower Apartment Building Apartment Complex
-
Ellie India Rose Photography Photography Service (Bike/Boat/Book/etc) Store
-
Pipe Systems Plumbing Plumbing Service General Contractor
-
West Coast Commodities Agricultural Service Cattle Farm
-
Crenshaw Tutoring & Enrichment Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$69.79M
Blend (final)
Blend
$69.79M
Owner & transaction history
Sequoia Equities Ht LLC · 4 yrs held
Sequoia Equities Ht LLC
since 2021
7 recorded transactions
Zoning & alternative use
RXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$61.8M
+28.8%
Auto repair, garage
$55.1M
+14.8%
Medical building
$54.5M
+13.6%
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
APARTMENT HOUSE (5+ UNITS)
$48,000,000
Current use
RESTAURANT
$61,825,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$55,120,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$54,530,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$54,200,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$52,175,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$69.79M
Range $62.81M – $76.76M · ±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
$387 / 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
$677,618
Tax year 2023
Assessed value
$25,595,910
Assessed 2023
Previous assessed
$24,850,400
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$7,330,380
Improvement market value
$79,338,400
Total market value
$86,668,780
Applied tax rate
709.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
5
Stories
1
Total area
180,528 SF
Lot
1.07 ac (46,435 SF)
Zoning code
RXD
APN
1S1E03CB 01100
UPID
US71-0908988
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, OR
Zoning RXD · permitted uses
RXD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$48.0M
RESTAURANT
Est. value
$61.8M
AUTO REPAIR, GARAGE
Est. value
$55.1M
MEDICAL BUILDING
Est. value
$54.5M
RETAIL STORES
Est. value
$54.2M
OFFICE BUILDING
Est. value
$52.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1965
Heating
NONE
Stories
1
Buildings
5
Lot
1.07 ac
Current owner
From public records · entity-resolved
Sequoia Equities Ht LLC
Entity
Mailing address
1777 BOTELHO DR STE #300, WALNUT CREEK, CA 94596-5065
Ownership since
2021
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
Dec 30, 2021
—
Sequoia Equities Ht LLC
Kirkwood Village Associates Ltd
Bargain And Sale Deed
$41,174,000 · Cbre Capital Markets INC
Nov 9, 2017
—
Kirkwood Village Assocs Ltd
—
Deed
related
$6,887,000 · Cbre Multifamily Cap
Jan 5, 2016
—
Kirkwood Village Assocs Ltd
Coit Harrison Owner LLC
Grant Deed
related
—
Dec 16, 2014
$53,000,000
Kirkwood Village Assocs Ltd|davis Pacific LP
Alecta Portland LLC
Grant Deed
—
Dec 16, 2014
—
Kirkwood Village Assocs Ltd|davis Pacific LP
Cc Davis LLC
Quit Claim Deed
related
$35,800,000 · Cbre Multifamily Cap
Jun 30, 2010
$39,500,000
Alecta Portland LLC
Harrison Tower LLC
Grant Deed
—
Mar 26, 2008
$45,000
Harrison Tower LLC
Portland Center Investors LLC
Deed Of Trust
related
$32,980,000 · Redwood Capital Finance Co LLC
Sep 22, 2005
$75,250,000
Portland Center Investors LLC
Eqr-portland Center LLC
Grant Deed
related
$99,000,000 · Lehman Brothers Bank Fsb
—
—
Kirkwood Village Assocs Ltd
—
Deed Of Trust
related
$6,887,000 · Cbre Multifamily Cap
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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