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Property profile & analytics
OFF-MARKET
Estimated value
$13,210,000
Office Spaces
321 6th Ave 331, Portland, OR 97204-1705
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0181320
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1917
Total area
74,360 SF
Lot
0.46 ac (20,000 SF)
Zoning code
CXD
APN
1N1E34CC 03600
UPID
US71-0181320
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
-
U.S. Bank-Mortgage Loan Officer-Flavio Munoz Loan Service Bank
-
U.S. Bank-Mortgage Sales Manager-Luke Jaffe Loan Service Bank
-
U.S. Bank-Mortgage Branch Manager-Jeffrey Bernhard Loan Service Bank
-
U.S. Bancorp Investments - Financial Advisors: Portland Financial Advisor
-
U.S. Bank Branch Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.21M
Blend (final)
Blend
$13.21M
Owner & transaction history
309 Sw 6th Ave Property LLC · 8 yrs held
309 Sw 6th Ave Property LLC
since 2018
6 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.5M
+0.4%
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
COMMERCIAL (GENERAL)
$21,415,000
Current use
OFFICE BUILDING
$21,490,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$19,770,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$13.21M
Range $11.89M – $14.53M · ±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
$178 / 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
$108,060
Tax year 2023
Assessed value
$5,695,980
Assessed 2023
Previous assessed
$5,698,500
0.0% YoY
Effective rate
1.90%
On assessed value
Land market value
$5,690,100
Improvement market value
$5,880
Total market value
$5,695,980
Applied tax rate
708.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1917
Heating
NONE
Stories
5
Total area
74,360 SF
Lot
0.46 ac (20,000 SF)
Zoning code
CXD
APN
1N1E34CC 03600
UPID
US71-0181320
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
COMMERCIAL (GENERAL) Current
Est. value
$21.4M
OFFICE BUILDING
Est. value
$21.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1917
Heating
NONE
Stories
5
Lot
0.46 ac
Current owner
From public records · entity-resolved
309 Sw 6th Ave Property LLC
Entity
Mailing address
280 PARK AVE RM, NEW YORK, NY 10017-1274
Ownership since
2018
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
Feb 15, 2018
$53,925,000
309 Sw 6th Ave Property LLC
P7 Bank Blocks LLC
Grant Deed
$44,779,800 · Acore Cap Mtg LP
Oct 30, 2002
—
Historic Us National Bank Bloc
—
Deed Of Trust
related
$19,100,000 · Telesis Community Cu
—
—
Historic Us Natl Bk Block LLC
—
Deed Of Trust
related
$184,315 · Vanden Bos & Chapman LLP
—
—
Historic Us Natl Bk Block LLC
—
Deed Of Trust
related
$1,600,000 · Portland City (or)
—
—
Historic Us Natl Bk Block LLC
—
Deed Of Trust
related
$500,000 · Urh LLC
—
—
309 Sw 6th Ave Property LLC
—
Deed Of Trust
related
$51,000,000 · Bds IV Mortgage Capital J LLC
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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