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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Investment properties
324 Abernethy St Portland, OR 97239-4356
Entity Owned
8-yr Hold
Free & Clear
Property ID
US71-0728381
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1903
Total area
3,387 SF
Lot
0.13 ac (5,750 SF)
Zoning code
RH
APN
1S1E10CA 01000
UPID
US71-0728381
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
-
Elizabeth Farrell Law Firm
-
Kenneth Dobson, Attorney at Law Law Firm
-
Elizabeth Oberlin Attorney Law Firm
-
Elliott & Park Law Firm
-
Thomas & Reynolds Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$635k
Owner & transaction history
Abernethy Property LLC · 8 yrs held
Abernethy Property LLC
since 2017
7 recorded transactions
Zoning & alternative use
RH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+11.4%
Medical building
$1.0M
+10.2%
Retail stores
$1.0M
+9.6%
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)
$930,000
Current use
AUTO REPAIR, GARAGE
$1,035,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,025,000
Change: +10% · Conversion: Easy
RETAIL STORES
$1,015,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$980,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$187 / 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
$4,949
Tax year 2023
Assessed value
$186,930
Assessed 2023
Previous assessed
$181,490
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$464,700
Improvement market value
$522,930
Total market value
$987,630
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1903
Heating
FORCED AIR
Stories
2
Bathrooms
3
Total area
3,387 SF
Lot
0.13 ac (5,750 SF)
Zoning code
RH
APN
1S1E10CA 01000
UPID
US71-0728381
Jurisdiction
MULTNOMAH
Zoning & alternative use
RH · Portland, OR
Zoning RH · permitted uses
RH · 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
$930,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
1903
Heating
FORCED AIR
Stories
2
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Abernethy Property LLC
Entity
Free & Clear · 8 yrs held
Mailing address
311 S WACKER DR STE #1500, CHICAGO, IL 60606-6623
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2017
$1,145,000
Abernethy Property LLC
Hoodview Property LLC
Warranty Deed
—
Jul 26, 2000
—
Cora Kokos
Kokos,randy L
Quit Claim Deed
related
$50,000 · Closing Time LLC
Sep 22, 1992
$30,000
Michael R Donahue
Stark,doris
Grant Deed
$20,000 · Sandersfeld John
Apr 5, 1991
$14,000
Hank Watson
Washington,alber
Grant Deed
$22,000 · Frye Wilma F
Jun 28, 1990
$23,500
Stephen G Etal Montani
Swsherman,marily
Grant Deed
$20,000 · Haskin Dale M
Jun 15, 1990
$251,250
Michael R Donahue
Robbins,william
Grant Deed
$251,250 · Robbins William R
Jun 6, 1990
$25,000
Stephen G Montani
Laug,steven A
Grant Deed
$18,000 · Beneficial Mortgage Co
Oct 31, 1989
$42,000
Shelly L Curtis
Lynch,steven
Grant Deed
$33,600 · Washington Mutual Fsb
Aug 30, 1989
$20,000
Stephen G Montani
Sullivan,w Raymo
Grant Deed
$22,000 · Bell Harold W
Aug 17, 1989
$42,000
Louis L Hopkins
Lynch,steven
Grant Deed
$33,600 · Western Bank
Jul 28, 1989
$39,000
Shelly L Curtis
Lynch,steven
Grant Deed
$31,200 · Tri Coast Financial
Jul 14, 1989
$23,000
Stephen G Montani
Latimer,rowena
Grant Deed
$20,000 · Haskin Dale
—
—
Michael Donahue
—
Deed Of Trust
related
$117,000 · Closing Time LLC
—
—
Michael R Donahue
—
Deed Of Trust
related
$50,000 · Individual
—
—
Abernethy Property LLC
—
Deed Of Trust
related
$550,000 · Us Bk
—
—
Michael R Donahue
—
Deed Of Trust
related
$20,000 · Individual
—
—
Michael R Donahue
—
Deed Of Trust
related
$25,000 · Clunas Development Co
—
—
Hoodview Property LLC
—
Loan Modification
related
$412,817 · Us Bk
—
—
Michael R Donahue
—
Deed Of Trust
related
$70,000 · Individual
—
—
Michael R Donahue
—
Deed Of Trust
related
$61,232 · Individual
—
—
Michael R Donahue
—
Deed Of Trust
related
$60,688 · Individual
—
—
John W Baustert
—
Deed Of Trust
related
$750,000 · Bank Of Newport
—
—
Michael R Donahue
—
Deed Of Trust
related
$127,000 · Beneficial Mortgage Co
—
—
Michael R Donahue
—
Deed Of Trust
related
$25,000 · Individual
—
—
Hoodview Property LLC
—
Deed Of Trust
related
$465,000 · Us Bank NA
—
—
Michael R Donahhue
—
Deed Of Trust
related
$20,500 · Individual
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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