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Property profile & analytics
OFF-MARKET
Retail space
3200 Lombard St Portland, OR 97217-1206
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0338988
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
1,396 SF
Lot
0.06 ac (2,536 SF)
Zoning code
CN2
APN
1N1E16BB 02100
UPID
US71-0338988
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
-
Jennie Morisse, eXp Realty, LLC Real Estate Agency
-
Vanessa Heisler, eXp Realty, LLC Real Estate Agency
-
Kevin Donahue Realtor® | PDX Home Hunter Brokered by eXp Realty Real Estate Agency
-
Terrie Williams , Realtor - the Real People Group, brokered by eXp Real Estate Agency
-
April Averette, eXp Realty, LLC Real Estate Agency
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
Em2 Properties LLC · 1 yrs held
Em2 Properties LLC
since 2025
Last sale
$535,000
6 recorded transactions
Zoning & alternative use
CN2 · 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
$2,489
Tax year 2023
Assessed value
$93,930
Assessed 2023
Previous assessed
$91,200
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$115,620
Improvement market value
$416,760
Total market value
$532,380
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
1,396 SF
Lot
0.06 ac (2,536 SF)
Zoning code
CN2
APN
1N1E16BB 02100
UPID
US71-0338988
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN2 · Portland, OR
Zoning CN2 · permitted uses
CN2 · 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
1920
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Em2 Properties LLC
Entity
Mailing address
930 SW SKYLINE BLVD, PORTLAND, OR 97221-1543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 12, 2025
$535,000
Em2 Properties LLC
Ifthepricefitz LLC
Warranty Deed
$454,750 · First Citizens Bank & Trust Company
Dec 18, 2020
$265,000
Radical Ents INC
Gayle M Mcclellan
Grant Deed
—
Nov 16, 2020
—
Ifthepricefitz LLC
—
Deed
related
$356,000 · Keybank USA
Oct 19, 2018
$331,550
Ifthepricefitz LLC
Thong Trinh
Warranty Deed
$265,240 · Key Bank NA
Sep 3, 2010
$229,500
Thong Trinh
Zimmer Living Trust
Warranty Deed
$206,000 · Zimmer Living Trust (pt)
—
—
Ifthepricefitz LLC
—
Loan Modification
related
$356,000 · Keybank USA
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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