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Property profile & analytics
FOR LEASE
Commercial land
2465 NE Alberta St, Portland, OR 97211
Entity Owned
6-yr Hold
Property ID
US71-0544515
For Lease
1 / 12
$32 SF/Yr
2465 NE Alberta St, Portland, OR 97211
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1914
Total area
1,728 SF
Lot
0.17 ac (7,520 SF)
Zoning code
CM
APN
1N1E24BB 25300
UPID
US71-0544515
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Modern Properties Alberta LLC · 6 yrs held
Modern Properties Alberta LLC
since 2019
7 recorded transactions
Zoning & alternative use
CM · 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
$2,252
Tax year 2023
Assessed value
$84,980
Assessed 2023
Previous assessed
$82,510
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$977,600
Total market value
$977,600
Applied tax rate
710.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1914
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
1,728 SF
Lot
0.17 ac (7,520 SF)
Zoning code
CM
APN
1N1E24BB 25300
UPID
US71-0544515
Jurisdiction
MULTNOMAH
Zoning & alternative use
CM · Portland, OR
Zoning CM · permitted uses
CM · 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
1914
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Modern Properties Alberta LLC
Entity
Mailing address
8101 NE GLISAN ST, PORTLAND, OR 97213-7043
Ownership since
2019
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
Oct 21, 2019
$1,400,000
Modern Properties Alberta LLC
Alpina Properties LLC
Warranty Deed
$1,400,000 · Ruslan Khabibrakhmanov
Oct 21, 2019
—
Alpina Properties LLC
Dez Dev LLC
Grant Deed
—
Oct 18, 2018
$1,167,000
Dez Dev LLC
Eden Ents LLC
Warranty Deed
$940,000 · Conventus LLC
Aug 18, 2017
$960,000
Eden Ents LLC
Hardy,wilbert G JR
Warranty Deed
—
Oct 1, 1992
$32,000
Wilbert G Hardy JR.
Unknown
Grant Deed
—
—
—
Wilbert G Hardy
—
Deed Of Trust
related
$105,600 · Mortgage Loan Specialists Grou
—
—
Wilbert G Hardy JR.
—
Deed Of Trust
related
$157,000 · Accredited Home Lenders
—
—
Wilbert G Hardy
—
Deed Of Trust
related
$37,500 · Washington Mutual Fsb
—
—
Wilbert G Hardy
—
Deed Of Trust
related
$9,300 · Washington Mutual Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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