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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Retail space
3510 122nd Ave 3544 Portland, OR 97236-3402
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0532762
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
44,909 SF
Lot
4.04 ac (175,852 SF)
Zoning code
CG
APN
1S2E11CB 01000
UPID
US71-0532762
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
-
Guthire Linda Employment Agency
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Archaeological Investigations Association Or Organization
-
Archaeological Investigations Northwest, Inc. Consultant Association / Organization
-
Dr. Thomas P. Henry, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.03M
Owner & transaction history
Nguyen Holdings LLC · 3 yrs held
Nguyen Holdings LLC
since 2022
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
CG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.7M
+1.7%
Medical building
$13.6M
+0.6%
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
$9,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,725,000
6.5%
$8,055,000
7%
$7,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,485,000
Current use
AUTO REPAIR, GARAGE
$13,715,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$13,565,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$12,980,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,935,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,940,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±10% · vs last sale $9.30M (Dec 16 2022)
Last sale anchor
$9.30M
Dec 16 2022
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
$201 / 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
$99,176
Tax year 2023
Assessed value
$4,219,580
Assessed 2023
Previous assessed
$4,096,680
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$2,110,380
Improvement market value
$7,604,130
Total market value
$9,714,510
Applied tax rate
705.0000
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
1960
Heating
NONE
Buildings
3
Stories
1
Total area
44,909 SF
Lot
4.04 ac (175,852 SF)
Zoning code
CG
APN
1S2E11CB 01000
UPID
US71-0532762
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, ORZoning CG · permitted uses
CG · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$13.6M
OFFICE BUILDING
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1960
Heating
NONE
Stories
1
Buildings
3
Lot
4.04 ac
Current owner
From public records · entity-resolved
Nguyen Holdings LLC
Entity
Mailing address
8122 SE TIBBETTS ST, PORTLAND, OR 97206-1768
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$9,300,000
Nguyen Holdings LLC
Rhino Holdings Powell Villa LLC
Warranty Deed
$6,600,000 · Washington Trust Bank
May 28, 2021
$7,000,000
Rhino Holdings Powell Vilal LLC
Powell Villa Station LLC
Special Warranty Deed
$7,900,000 · Ignite Funding
Mar 28, 2013
—
Powell Villa Station LLC
—
Deed Of Trust
related
$128,300,000 · Bank Of America
Jan 25, 2012
—
Powell Villa Station LLC
Powell Villa Station LLC
Quit Claim Deed
related
—
Mar 30, 2009
—
Powell Villa Station LLC
—
Deed Of Trust
related
$118,000,000 · Bank Of America
Jun 28, 2007
—
Powell Villa Station LLC
Markley Paul S
Grant Deed
related
—
Aug 31, 2004
$5,975,000
Paul S Markley
Pan Pacific Retail Props INC
Warranty Deed
$4,475,000 · Umpqua Bank
Jan 10, 2002
—
Oregon Food Stores INC
—
Deed Of Trust
related
$2,300,000 · Pan Pacific Retail Properties
Jun 13, 1994
—
Essex Portfolio LP
Portland Shoppin
Quit Claim Deed
related
$12,000,000 · First Interstate Bank Californ
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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