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Property profile & analytics
OFF-MARKET
Estimated value
$9,895,000
Warehouses
3055 Yeon Ave 3061 Portland, OR 97210-1519
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0985089
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Total area
50,630 SF
Lot
1.82 ac (79,279 SF)
Zoning code
IH
APN
1N1E29AD 00200
UPID
US71-0985089
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
-
Kevin Blair Car Dealership
-
Planet Argon (Bike/Boat/Book/etc) Store Corporate Office
-
Smartest Seller Real Estate Agency
-
Elite Coaching Consultant Life Coach
-
NW Postal & Shipping Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.89M
Blend (final)
Blend
$9.90M
Owner & transaction history
Yeon Associates LLC · 28 yrs held
Yeon Associates LLC
since 1997
5 recorded transactions
Zoning & alternative use
IH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.7M
+51.8%
Auto repair, garage
$15.5M
+49.6%
Medical building
$15.3M
+48.0%
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
WAREHOUSE, STORAGE
$10,330,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,685,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,460,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$15,295,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$15,200,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$9.90M
Range $8.91M – $10.88M · ±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
$195 / 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
$76,084
Tax year 2023
Assessed value
$2,873,940
Assessed 2023
Previous assessed
$2,790,240
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,733,520
Improvement market value
$5,155,470
Total market value
$7,888,990
Applied tax rate
1.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Total area
50,630 SF
Lot
1.82 ac (79,279 SF)
Zoning code
IH
APN
1N1E29AD 00200
UPID
US71-0985089
Jurisdiction
MULTNOMAH
Zoning & alternative use
IH · Portland, OR
Zoning IH · permitted uses
IH · 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
WAREHOUSE, STORAGE Current
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
AUTO REPAIR, GARAGE
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$15.3M
RETAIL STORES
Est. value
$15.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1950
Heating
NONE
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Yeon Associates LLC
Entity
Mailing address
14313 AMBERWOOD CIR, LAKE OSWEGO, OR 97035-8738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Oct 23, 2017
—
Yeon Associates LLC
—
Deed
related
$1,400,000 · Miscellaneous Ins Co
Nov 25, 1997
$1,522,500
Yeon Associates LLC
Meyer,james A
Grant Deed
$1,872,000 · Pacific One Bank
—
—
James A Meyer
—
Deed Of Trust
related
$760,000 · Standard Insurance Co
—
—
Yeon Associates LLC
—
Deed Of Trust
related
$1,650,000 · Standard Insurance Co
—
—
Yeon Associates LLC
—
Deed Of Trust
related
$1,400,000 · Miscellaneous Ins Co
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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