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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Turn key restaurants
3130 Hawthorne Blvd, Portland, OR 97214-4156
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-1795685
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Total area
1,200 SF
Lot
0.39 ac (17,110 SF)
Zoning code
CS
APN
1S1E01CA 04800
UPID
US71-1795685
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
-
Mud Bay (Bike/Boat/Book/etc) Store Pet Store & Service
-
Richard Colombo Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$595k
Owner & transaction history
3130 Hawthorne LLC · 10 yrs held
3130 Hawthorne LLC
since 2015
7 recorded transactions
Zoning & alternative use
CS · 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
RESTAURANT
$410,000
Current use
RETAIL STORES
$385,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$365,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$360,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$496 / 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
$13,623
Tax year 2023
Assessed value
$514,110
Assessed 2023
Previous assessed
$499,140
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$3,079,800
Improvement market value
$8,420
Total market value
$3,088,220
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Stories
1
Total area
1,200 SF
Lot
0.39 ac (17,110 SF)
Zoning code
CS
APN
1S1E01CA 04800
UPID
US71-1795685
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, OR
Zoning CS · permitted uses
CS · 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
RESTAURANT Current
Est. value
$410,000
RETAIL STORES
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$365,000
MEDICAL BUILDING
Est. value
$360,000
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
1972
Heating
NONE
Stories
1
Buildings
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
3130 Hawthorne LLC
Entity
Mailing address
412 NW COUCH ST STE #201, PORTLAND, OR 97209-3880
Ownership since
2015
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
Dec 30, 2015
$2,400,000
3130 Hawthorne LLC
31st & Hawthorne LLC
Warranty Deed
$1,800,000 · Northwest Bank
Dec 30, 2015
—
Dave Clingan
31st & Hawthorne LLC
Warranty Deed
—
Jul 26, 2012
—
Clingan Senten & Swedberg LLC
Clingan,david W
Quit Claim Deed
related
—
Sep 28, 2011
—
David W Clingan
Nelson Properties Of Oregon
Quit Claim Deed
related
—
Aug 17, 2011
—
David W Clingan
Nelson Properties Of Oregon
Quit Claim Deed
related
—
Jul 3, 2008
$1,650,000
31st & Hawthorne LLC
Clingan,dave W
Grant Deed
—
—
—
3130 Hawthorne LLC
—
Deed Of Trust
related
$3,000,000 · 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.
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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