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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Medical Office Space
301 Knott St, Portland, OR 97212-3014
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US71-0612437
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1926
Total area
6,432 SF
Lot
0.86 ac (37,500 SF)
Zoning code
RHD
APN
1N1E27AD 14100
UPID
US71-0612437
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
Current use
Occupant on record · Public records
-
Dr. Aaron Loyd, MD Physician Medical Clinic
-
Minzer-Conzett Karen E MD Physician Medical Clinic
-
Dr. Mark Roberts Physician
-
Multnomah County Medical Exmnr County Government Office
-
Craig Schultz Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.70M
Owner & transaction history
Knott Street LLC · 20 yrs held
Knott Street LLC
since 2006
7 recorded transactions
Zoning & alternative use
RHD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+13.4%
Auto repair, garage
$2.0M
+1.1%
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
MEDICAL BUILDING
$1,945,000
Current use
RESTAURANT
$2,205,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,965,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,930,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$1,860,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,850,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±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
$419 / 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
$54,138
Tax year 2023
Assessed value
$2,043,030
Assessed 2023
Previous assessed
$413,950
+393.5% YoY
Effective rate
2.65%
On assessed value
Land market value
$4,500,000
Improvement market value
$10,000
Total market value
$4,510,000
Applied tax rate
710.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1926
Heating
NONE
Stories
2
Total area
6,432 SF
Lot
0.86 ac (37,500 SF)
Zoning code
RHD
APN
1N1E27AD 14100
UPID
US71-0612437
Jurisdiction
MULTNOMAH
Zoning & alternative use
RHD · Portland, OR
Zoning RHD · permitted uses
RHD · 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
MEDICAL BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1926
Heating
NONE
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Knott Street LLC
Entity
Mailing address
301 NE KNOTT ST, PORTLAND, OR 97212-3014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Knott Street LLC
—
Deed
related
—
Dec 23, 2019
—
Knott Street LLC
—
Deed
related
—
Sep 26, 2018
—
Knott Street LLC
—
Deed
related
—
Apr 26, 2018
—
Knott Street LLC
—
Deed
related
$200,000 · Beneficial State Bank
Oct 16, 2017
—
Knott Street LLC
—
Deed
related
$2,039,460 · Albina Cmnty Bk
Oct 12, 2017
—
Knott Street LLC
—
Deed
related
—
Sep 22, 2016
—
Knott Street LLC
—
Deed
related
—
Jul 12, 2010
—
Knott Street LLC
—
Trustees Deed
related
—
Oct 22, 2009
—
Knott Street LLC
—
Trustees Deed
related
—
Aug 22, 2008
—
Knott Street LLC
—
Trustees Deed
related
$100,000 · Albina Community Bank
Sep 20, 2007
—
Knott Street LLC
—
Trustees Deed
related
$175,000 · Albina Community Bank
Jan 23, 2007
—
Knott Street LLC
—
Trustees Deed
related
$100,000 · Albina Cmnty Bk
Jun 28, 2006
$1,188,000
Knott Street LLC
Multnomah County
Grant Deed
$1,600,000 · Albina Community Bank
—
—
Knott Street LLC
—
Loan Modification
related
$2,035,660 · Albina Community Bank
—
—
Knott Street LLC
—
Deed Of Trust
related
—
—
—
Knott Street LLC
—
Deed Of Trust
related
$140,000 · Albina Community Bank
—
—
Knott Street LLC
—
Loan Modification
related
—
—
—
Knott Street LLC
—
Loan Modification
related
—
—
—
Knott Street LLC
—
Loan Modification
related
—
—
—
Knott Street LLC
—
Loan Modification
related
$2,039,460 · Albina Cmnty Bk
—
—
Knott Street LLC
—
Loan Modification
related
—
—
—
Knott Street LLC
—
Loan Modification
related
$250,000 · Albina Community Bank
—
—
Knott Street LLC
—
Deed Of Trust
related
—
—
—
Knott Street LLC
—
Loan Modification
related
—
—
—
Knott Street LLC
—
Loan Modification
related
—
—
—
Knott Street LLC
—
Deed Of Trust
related
$200,000 · Community Dev Commission
—
—
Knott Street LLC
—
Deed Of Trust
related
$250,000 · Albina Community Bank
—
—
Knott Street LLC
—
Loan Modification
related
$250,000 · Albina Cmnty 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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