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Property profile & analytics
FOR LEASE
Office Spaces
3303 North Mississippi Ave, Portland, OR 97227
Trust Owned
Free & Clear
Property ID
US71-1490875
For Lease
1 / 5
$8,800,000
3303 North Mississippi Ave, Portland, OR 97227
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2018
Total area
25,160 SF
Lot
0.1 ac (4,473 SF)
Zoning code
CM
APN
1N1E27BA 04500
UPID
US71-1490875
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
-
Schwartz Intellectual Property Law Law Firm
-
Young Hip & Married - Wedding Officiants & Relationship Coaching Wedding Service
-
PolishedAgency Advertising Agency Marketing & Advertising
-
ReputationUs Marketing & Advertising Advertising Agency
-
Brandlive (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.80M
Blend (final)
Blend
$8.80M
Owner & transaction history
The Timothy P Brown Trust
The Timothy P Brown Trust
since 2025
4 recorded transactions
Zoning & alternative use
CM · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+18.9%
Auto repair, garage
$7.7M
+6.0%
Medical building
$7.6M
+4.9%
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)
$7,245,000
Current use
RESTAURANT
$8,615,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,680,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$7,600,000
Change: +5% · Conversion: Easy
RETAIL STORES
$7,555,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$7,270,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,690,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±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
$350 / 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
$100,788
Tax year 2023
Assessed value
$3,803,510
Assessed 2023
Previous assessed
$3,692,730
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$447,300
Improvement market value
$9,857,900
Total market value
$10,305,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2018
Heating
NONE
Total area
25,160 SF
Lot
0.1 ac (4,473 SF)
Zoning code
CM
APN
1N1E27BA 04500
UPID
US71-1490875
Jurisdiction
MULTNOMAH
Zoning & alternative use
CM · Portland, OR
Zoning CM · permitted uses
CM · 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
$7.2M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2018
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
The Timothy P Brown Trust
Trust
Free & Clear · 0 yrs held
Mailing address
4800 S MACADAM AVE STE #120, PORTLAND, OR 97239-3929
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
The Timothy P Brown Trust
Southern Miss LLC
Deed
related
—
Apr 2, 2020
—
Southern Miss LLC
—
Deed
related
$7,320,000 · Riverview Community Bank
Mar 31, 2017
—
Southern Miss LLC
Skk L L C
Bargain And Sale Deed
$6,997,500 · Riverview Community Bank
Dec 23, 2005
—
Skk LLC
Brown,timothy P & Susan K
Grant Deed
related
—
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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