New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,995,000
Theaters & concert halls
299 Caruthers St Portland, OR 97214
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0057663
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2012
Lot
1.03 ac (44,693 SF)
Zoning code
EG2G
APN
1S1E03DD 00500
UPID
US71-0057663
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
$11.00M
Owner & transaction history
Portland Opera Assn INC · 13 yrs held
Portland Opera Assn INC
since 2012
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
EG2G · 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
Land market value
$2,494,810
Improvement market value
$196,480
Total market value
$2,691,290
Applied tax rate
884.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2012
Heating
NONE
Lot
1.03 ac (44,693 SF)
Zoning code
EG2G
APN
1S1E03DD 00500
UPID
US71-0057663
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2G · Portland, OR
Zoning EG2G · permitted uses
EG2G · 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
2012
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
Portland Opera Assn INC
Entity
Mailing address
211 SE CARUTHERS ST, PORTLAND, OR 97214-4502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
—
Portland Opera Assn INC
—
Deed
related
—
May 17, 2017
—
Portland Opera Assn INC
—
Grant Deed
related
$2,400,000 · First Republic Bk
Dec 30, 2014
—
Portland Opera Assn INC
—
Grant Deed
related
$2,500,000 · First Republic Bk
Dec 26, 2012
—
Portland Opera Assn INC
Oregon Pacific Railroad Co
Quit Claim Deed
related
—
Mar 5, 2003
$5,790,000
Portland Opera Assoc
Meredith Corp
Grant Deed
$2,500,000 · Stancorp Mortgage Investors
—
—
Portland Opera Assn INC
—
Loan Modification
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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