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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Automotive properties
2346 Argyle St, Portland, OR 97211-1941
Entity Owned
8-yr Hold
Free & Clear
Property ID
US71-1888481
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1994
Total area
3,240 SF
Lot
3.74 ac (162,914 SF)
Zoning code
IG2H
APN
1N1E14AA 00100
UPID
US71-1888481
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
-
Everybody taco about it. ( WBX. MEAT WAGON) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.61M
Owner & transaction history
Fed K INC · 8 yrs held
Fed K INC
since 2017
7 recorded transactions
Zoning & alternative use
IG2H · 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
AUTO REPAIR, GARAGE
$990,000
Current use
MEDICAL BUILDING
$980,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$975,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±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
$495 / 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
$34,402
Tax year 2023
Assessed value
$1,163,410
Assessed 2023
Previous assessed
$1,129,530
+3.0% YoY
Effective rate
2.96%
On assessed value
Land market value
$1,669,480
Improvement market value
$400,000
Total market value
$2,069,480
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
3,240 SF
Lot
3.74 ac (162,914 SF)
Zoning code
IG2H
APN
1N1E14AA 00100
UPID
US71-1888481
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG2H · Portland, OR
Zoning IG2H · permitted uses
IG2H · 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
AUTO REPAIR, GARAGE Current
Est. value
$990,000
MEDICAL BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$975,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
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
1994
Heating
NONE
Stories
1
Lot
3.74 ac
Current owner
From public records · entity-resolved
Fed K INC
Entity
Free & Clear · 8 yrs held
Mailing address
2346 NE ARGYLE ST, PORTLAND, OR 97211-1941
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2017
$1,325,000
Fed K INC
Gulsons Argyle LLC
Warranty Deed
—
Feb 15, 2005
$1,300,000
Gulsons Argyle LLC
Allen Properties LLC
Warranty Deed
—
Jun 11, 2004
—
Allen Properties LLC
—
Trustees Deed
related
$400,000 · West Coast Bank
Feb 24, 1998
$718,900
Aas Holding Co
Western Boxed Meats Dist
Trustees Deed
—
Feb 1, 1989
$340,000
Boxed Meats Western
Unknown
Grant Deed
—
—
—
Allen Properties LLC
—
Deed Of Trust
related
$675,000 · Washington Mutual Fsb
—
—
Western Boxed Meats Distributo
—
Deed Of Trust
related
$372,000 · Us National Bank Oregon
—
—
Boxed Meats Distributo Western
—
Deed Of Trust
related
$382,000 · Money Store Investment Corp
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.
Try Rey
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