Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
2840 99th Ave Portland, OR 97225-4304
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0105079
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1944
Total area
1,305 SF
Lot
0.19 ac (8,460 SF)
Zoning code
EX
APN
1N2E33DA 05000
UPID
US71-0105079
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mpjc Ventures LLC · 11 yrs held
Mpjc Ventures LLC
since 2014
5 recorded transactions
Zoning & alternative use
EX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,382
Tax year 2023
Assessed value
$101,350
Assessed 2023
Previous assessed
$98,400
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$224,830
Total market value
$224,830
Applied tax rate
712.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1944
Heating
NONE
Bathrooms
1
Total area
1,305 SF
Lot
0.19 ac (8,460 SF)
Zoning code
EX
APN
1N2E33DA 05000
UPID
US71-0105079
Jurisdiction
MULTNOMAH
Zoning & alternative use
EX · Portland, OR
Zoning EX · permitted uses
EX · 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.
Building & site characteristics
From public records
Year built
1944
Heating
NONE
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mpjc Ventures LLC
Entity
Mailing address
16661 PHANTOM BLF CT, LAKE OSWEGO, OR 97034-5751
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2014
$2,740,000
Mpjc Ventures LLC
Hpac LLC
Grant Deed
—
Jan 19, 2010
—
Hpac LLC
—
Deed Of Trust
related
$2,350,000 · Northwest Bank
Dec 21, 2009
—
Hpac LLC
Henin,gary R
Deed In Lieu Of Foreclosure
related
—
Feb 1, 2005
$140,000
Gary R Henin
Nalum,george L
Grant Deed
—
—
—
Hpac LLC
—
Deed Of Trust
related
$700,000 · Northwest 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2840 99th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
