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Property profile & analytics
OFF-MARKET
Estimated value
$11,940,000
Warehouses
2542 105th Ave Portland, OR 97266-1260
Entity Owned
38-yr Hold
Free & Clear
Property ID
US71-0547204
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Total area
52,499 SF
Lot
2.47 ac (107,550 SF)
Zoning code
CG
APN
1S2E10BB 00500
UPID
US71-0547204
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.94M
Blend (final)
Blend
$11.94M
Owner & transaction history
Partners Preferred Yield INC · 38 yrs held
Partners Preferred Yield INC
since 1988
1 recorded transaction
Zoning & alternative use
CG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.0M
+67.8%
Medical building
$15.9M
+48.0%
Retail stores
$15.8M
+47.1%
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
WAREHOUSE, STORAGE
$10,715,000
Current use
RESTAURANT
$17,980,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$15,855,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$15,760,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$15,175,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,960,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,220,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$11.94M
Range $10.75M – $13.13M · ±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
$227 / 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
$83,023
Tax year 2023
Assessed value
$3,468,450
Assessed 2023
Previous assessed
$3,367,430
+3.0% YoY
Effective rate
2.39%
On assessed value
Land market value
$1,642,660
Improvement market value
$2,973,930
Total market value
$4,616,590
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Bathrooms
1
Total area
52,499 SF
Lot
2.47 ac (107,550 SF)
Zoning code
CG
APN
1S2E10BB 00500
UPID
US71-0547204
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, OR
Zoning CG · permitted uses
CG · 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
WAREHOUSE, STORAGE Current
Est. value
$10.7M
RESTAURANT
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$15.9M
RETAIL STORES
Est. value
$15.8M
OFFICE BUILDING
Est. value
$15.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$13.2M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1988
Heating
NONE
Stories
1
Bathrooms
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
Partners Preferred Yield INC
Entity
Free & Clear · 38 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 1988
$2,100,000
Partners Preferred Yield INC
Unknown
Grant Deed
—
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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