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Property profile & analytics
OFF-MARKET
Retail space
2340 Sandy Blvd Portland, OR 97232-2813
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US71-1552089
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Lot
0.2 ac (8,520 SF)
Zoning code
CS
APN
1N1E35AD 07601
UPID
US71-1552089
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
-
Arrosto Restaurant
-
Rubinette Produce Market Food Market Specialty Food Shop
-
Pastaworks at Providore Fine Foods Specialty Food Shop
-
car shipping portland Freight Service Logistics Company
-
Revel Meat Co Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shore 24th & Sandy LLC · 11 yrs held
Shore 24th & Sandy LLC
since 2014
4 recorded transactions
Zoning & alternative use
CS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,997
Tax year 2023
Assessed value
$188,590
Assessed 2023
Previous assessed
$183,100
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,278,000
Improvement market value
$54,830
Total market value
$1,332,830
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
NONE
Lot
0.2 ac (8,520 SF)
Zoning code
CS
APN
1N1E35AD 07601
UPID
US71-1552089
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, ORZoning CS · permitted uses
CS · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Shore 24th & Sandy LLC
Entity
Mailing address
2340 NE SANDY BLVD, PORTLAND, OR 97232-2813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2015
—
Shore 24th & Sandy LLC
—
Trustees Deed
related
$500,000 · M & T R/e Trust (ct)
Sep 25, 2014
$1,400,000
Shore 24th & Sandy LLC
Laws Family Living Trust
Grant Deed
$1,300,000 · Art L & Mary L Laws
—
—
Shore 24th & Sandy LLC
—
Deed Of Trust
related
$2,150,000 · Riverview Cmnty Bk
—
—
Shore 24th & Sandy LLC
—
Deed Of Trust
related
$500,000 · Pacific W Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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