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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
2705 Weidler St Portland, OR 97232-1746
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0778900
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1908
Total area
1,824 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R2.5
APN
1N1E25CC 15500
UPID
US71-0778900
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
$595k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$365k
Blend (final)
Blend
$595k
Owner & transaction history
Lindsey Rhyne · 2 yrs held
Lindsey Rhyne
since 2024
Last sale
$595,000
4 recorded transactions
Zoning & alternative use
R2.5 · 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
$595,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$590,000
Current use
AUTO REPAIR, GARAGE
$555,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: -6% · Conversion: Easy
RETAIL STORES
$550,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$525,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $595k (May 31 2024)
Last sale anchor
$595k
May 31 2024
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
$326 / 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
$3,415
Tax year 2023
Assessed value
$128,890
Assessed 2023
Previous assessed
$128,890
+0.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$464,700
Improvement market value
$241,490
Total market value
$706,190
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1908
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,824 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R2.5
APN
1N1E25CC 15500
UPID
US71-0778900
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2.5 · Portland, OR
Zoning R2.5 · permitted uses
R2.5 · 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
$590,000
AUTO REPAIR, GARAGE
Est. value
$555,000
MEDICAL BUILDING
Est. value
$550,000
RETAIL STORES
Est. value
$550,000
OFFICE BUILDING
Est. value
$525,000
COMMERCIAL (GENERAL) Current
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
1908
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lindsey Rhyne
Individual
Mailing address
2705 NE WEIDLER ST, PORTLAND, OR 97232-1746
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 31, 2024
$595,000
Lindsey Rhyne
Josh W Johnson
Warranty Deed
$505,750 · Zillow Home Loans LLC
Oct 11, 2018
—
Josh W Johnson
Johnson Mary K
Quit Claim Deed
related
—
Jun 5, 2002
—
Weidler Building 2705 LLC
Johnson,josh W & Traci M
Grant Deed
related
—
Jan 1, 1991
$59,500
Leonard G Johnson
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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