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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Investment properties
26 3rd Ave 32 Portland, OR 97209-3907
Entity Owned
11-yr Hold
Free & Clear
Property ID
US71-0138303
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1894
Total area
12,306 SF
Lot
0.1 ac (4,250 SF)
Zoning code
CXD
APN
1N1E34CA 09600
UPID
US71-0138303
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
$2.63M
Blend (final)
Blend
$2.63M
Owner & transaction history
Jsp Investments LLC · 11 yrs held
Jsp Investments LLC
since 2015
4 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+3.0%
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)
$4,095,000
Current use
RESTAURANT
$4,215,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,760,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$3,715,000
Change: -9% · Conversion: Easy
RETAIL STORES
$3,695,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$3,555,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±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
$213 / 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
$23,869
Tax year 2023
Assessed value
$901,610
Assessed 2023
Previous assessed
$875,350
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$943,010
Improvement market value
$1,280,980
Total market value
$2,223,990
Applied tax rate
708.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1894
Heating
NONE
Stories
3
Total area
12,306 SF
Lot
0.1 ac (4,250 SF)
Zoning code
CXD
APN
1N1E34CA 09600
UPID
US71-0138303
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1894
Heating
NONE
Stories
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Jsp Investments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 3027, PORTLAND, OR 97208-3027
Ownership since
2015
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
May 29, 2015
$188,230
Jsp Investments LLC
Westview Investments LLC
Grant Deed
—
Mar 12, 2015
—
Westview Investments LLC|jsp Investments LLC
Concept Real Estate-four LLC
Grant Deed
—
Sep 11, 2006
$950,000
Concept Real Estate Four LLC
Aldo Rossi
Warranty Deed
$1,065,000 · Capital Pacific Bank
—
—
Jsp Investments LLC
—
Deed Of Trust
related
$2,000,000 · Pacific Cont'l 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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