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Property profile & analytics
OFF-MARKET
Estimated value
$7,350,000
Showrooms
250 Division Pl Portland, OR 97202-1077
Entity Owned
13-yr Hold
Free & Clear
Property ID
US71-0572577
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2012
Total area
23,942 SF
Lot
1.83 ac (79,671 SF)
Zoning code
IHG
APN
1S1E10AA 00300
UPID
US71-0572577
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
-
Polaris of Portland Car Dealership
-
SK Northwest Car Dealership Motorcycle Shop
-
SK Northwest Service Department Auto Repair Shop Motorcycle Shop
-
SK Watercraft Rentals Boat Rental Service
-
SK Rentlas Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.35M
Blend (final)
Blend
$7.35M
Owner & transaction history
Sk Co Of Oregon LLC · 13 yrs held
Sk Co Of Oregon LLC
since 2013
7 recorded transactions
Zoning & alternative use
IHG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+17.8%
Retail stores
$8.0M
+14.8%
Auto repair, garage
$7.3M
+5.0%
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
COMMERCIAL (GENERAL)
$6,965,000
Current use
RESTAURANT
$8,200,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$7,990,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,310,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$7,230,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$6,920,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,900,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$7.35M
Range $6.62M – $8.09M · ±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
$307 / 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
$56,790
Tax year 2023
Assessed value
$2,143,130
Assessed 2023
Previous assessed
$2,080,710
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,322,060
Improvement market value
$3,253,540
Total market value
$5,575,600
Applied tax rate
884.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
2
Stories
1
Total area
23,942 SF
Lot
1.83 ac (79,671 SF)
Zoning code
IHG
APN
1S1E10AA 00300
UPID
US71-0572577
Jurisdiction
MULTNOMAH
Zoning & alternative use
IHG · Portland, ORZoning IHG · permitted uses
IHG · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.0M
RESTAURANT
Est. value
$8.2M
RETAIL STORES
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2012
Heating
NONE
Stories
1
Buildings
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Sk Co Of Oregon LLC
Entity
Free & Clear · 13 yrs held
Mailing address
250 SE DIVISION PL, PORTLAND, OR 97202-1077
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Feb 21, 2013
$1,350,000
Sk Co Of Oregon LLC
Kingsley,wayne B
Grant Deed
—
Nov 4, 2010
$1,350,000
Sk Company Of Oregon LLC
Wayne B Kingsley
Special Warranty Deed
$1,903,653 · Wells Fargo Bank NA
—
—
Sk Co Of Oregon LLC
—
Loan Modification
related
$1,465,000 · Wells Fargo Bk
—
—
Sk Co Of Oregon LLC
—
Loan Modification
related
$1,465,000 · Wells Fargo Bank
—
—
Sk Co Of Oregon LLC
—
Deed Of Trust
related
$1,435,000 · Northwest Busn Dev Assn
—
—
Sk Co Of Oregon LLC
—
Loan Modification
related
$1,465,000 · Wells Fargo Bk
—
—
Sk Co Of Oregon LLC
—
Deed Of Trust
related
$1,465,000 · Wells Fargo Bank
—
—
Sk Co Of Oregon LLC
—
Deed Of Trust
related
$1,327,434 · Bank Of The West
—
—
Sk Co Of Oregon LLC
—
Loan Modification
related
$1,465,000 · Wells Fargo Bank
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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