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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Warehouses
2335 29th Ave, Portland, OR 97210-2005
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-0562729
Property summary
AI-generated overview
This exceptional investment opportunity presents a 16,000-square-foot warehouse located at 2335 NW 29th Ave, Portland, Oregon, 97210. Situated on a 0.25-acre lot, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $213,000. Currently 100% occupied, the property features a single tenant with a perfect payment history since 2016 under an absolute net lease, eliminating landlord responsibilities. The asking price is $2,675,000. Zoned IH (Heavy Industrial), this warehouse offers approximately 11,000 square feet of usable footprint, and has undergone numerous capital upgrades. Its prime location in the desirable Northwest Portland/Guilds Lake Industrial market provides excellent access to the entire Portland Metro area. This is a unique single-tenant investment opportunity with a potential 10% cash-on-cash return through available seller financing. The property is classified as both Retail and Industrial, with the subtype specifically designated as a Warehouse.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1919
Total area
11,520 SF
Lot
0.25 ac (10,876 SF)
Zoning code
IH
APN
1N1E29DB 01900
UPID
US71-0562729
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.38M
Owner & transaction history
Dexter Pdx LLC
Dexter Pdx LLC
since 2026
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
IH · 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
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.15M (Feb 25 2026)
Last sale anchor
$1.15M
Feb 25 2026
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
$120 / 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
$12,399
Tax year 2023
Assessed value
$468,370
Assessed 2023
Previous assessed
$454,730
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$435,680
Improvement market value
$1,377,140
Total market value
$1,812,820
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1919
Heating
NONE
Stories
2
Total area
11,520 SF
Lot
0.25 ac (10,876 SF)
Zoning code
IH
APN
1N1E29DB 01900
UPID
US71-0562729
Jurisdiction
MULTNOMAH
Zoning & alternative use
IH · Portland, OR
Zoning IH · permitted uses
IH · 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.
Building & site characteristics
From public records
Year built
1919
Heating
NONE
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Dexter Pdx LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2437 12TH UNIVERSITY BLVD, HOUSTON, TX 77005-3226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
$1,150,000
Dexter Pdx LLC
Gs 29th LLC
Warranty Deed
—
Jul 20, 2020
—
Gs 29th LLC
—
Deed
related
$500,000 · Choba Ventures LLC
Aug 10, 2016
—
Oace,jon R & Christine A Trust
Oace,jon R
Quit Claim Deed
related
—
Aug 10, 2016
$830,000
Gs 29th LLC
Oace Jon R & C A Trust
Warranty Deed
—
Jun 7, 1995
—
Jon R Oace
Judy A Hotchkin Trustee
Grant Deed
related
—
Apr 7, 1994
$139,500
Jon R Oace
H J Persha INC
Grant Deed
—
—
—
Gs 29th LLC
—
Deed Of Trust
related
$500,000 · Choba Ventures LLC
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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