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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Investment properties
2835-2839 Broadway Portland, OR 97232
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0974937
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1916
Total area
3,147 SF
Lot
0.06 ac (2,784 SF)
Zoning code
CG
APN
1N1E25CC 12000
UPID
US71-0974937
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
$610k
Blend (final)
Blend
$610k
Owner & transaction history
Simpson,larry A Trust · 5 yrs held
Simpson,larry A Trust
since 2020
7 recorded transactions
Zoning & alternative use
CG · 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
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)
$1,015,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: -6% · Conversion: Easy
RETAIL STORES
$945,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$910,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$194 / 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
$5,709
Tax year 2023
Assessed value
$215,440
Assessed 2023
Previous assessed
$209,170
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$305,750
Improvement market value
$439,500
Total market value
$745,250
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
1916
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
3,147 SF
Lot
0.06 ac (2,784 SF)
Zoning code
CG
APN
1N1E25CC 12000
UPID
US71-0974937
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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
MEDICAL BUILDING
Est. value
$950,000
RETAIL STORES
Est. value
$945,000
OFFICE BUILDING
Est. value
$910,000
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
1916
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Simpson,larry A Trust
Trust
Mailing address
4212 SE EVERGREEN ST, PORTLAND, OR 97206-7765
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Simpson,larry A Trust
Larry A Simpson
Quit Claim Deed
related
$170,000 · William R Bree
May 17, 2006
—
Larry A Simpson
Sunset Partners
Grant Deed
$156,000 · Merrily Enquist
May 1, 2000
$333,000
Larry Simpson
Sunset Partners
Grant Deed
$270,000 · Seller
Nov 1, 1995
$185,000
Sunset Partners
Real Estate Firm Ltd
Grant Deed
$150,000 · Individual
Jun 1, 1991
$93,500
Real Est Firm Ltd
Unknown
Grant Deed
—
—
—
Larry A Simpson
—
Deed Of Trust
related
$110,561 · Msa Trust (tr)
—
—
Richard Minnick JR.
—
Deed Of Trust
related
$59,500 · Home Savings Of America
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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