Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Investment properties
3605 26th Ave Portland, OR 97202-2953
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0022248
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1941
Total area
1,762 SF
Lot
0.26 ac (11,326 SF)
Zoning code
EG2
APN
1S1E12CB 16300
UPID
US71-0022248
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
-
Carrie Baldwin-Sayre, ND Alternative Medicine Practice
-
COLLEEN FRIDL GIBSON Alternative Medicine Practice Acupuncture
-
Inner Shelf Clinic Medical Clinic
-
Vivante Midwifery & Women's Health Midwife Women'S Health Clinic
-
Healthy Living Family Medicine: Pulliam Kerry A MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$675k
Owner & transaction history
Healthy Living Community · 1 yrs held
Healthy Living Community
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
EG2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$590,000
+14.8%
Auto repair, garage
$540,000
+5.0%
Medical building
$530,000
+3.9%
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)
$510,000
Current use
RETAIL STORES
$590,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$510,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $650k (Oct 1 2024)
Last sale anchor
$650k
Oct 1 2024
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
$383 / 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
$8,432
Tax year 2023
Assessed value
$318,210
Assessed 2023
Previous assessed
$308,950
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$504,500
Improvement market value
$383,400
Total market value
$887,900
Applied tax rate
201.0000
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
1941
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,762 SF
Lot
0.26 ac (11,326 SF)
Zoning code
EG2
APN
1S1E12CB 16300
UPID
US71-0022248
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2 · Portland, OR
Zoning EG2 · permitted uses
EG2 · 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
$510,000
RETAIL STORES
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$540,000
MEDICAL BUILDING
Est. value
$530,000
OFFICE BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1941
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Healthy Living Community
Individual
Mailing address
3605 SE 26TH AVE, PORTLAND, OR 97202-2953
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 31, 2024
$650,000
Healthy Living Community
3605 Hlfm LLC
Warranty Deed
$653,244 · Hlfm LLC
Mar 24, 2016
—
3605 Hlfm LLC
Pulliam,steven
Warranty Deed
—
Oct 19, 2012
$425,550
Steven Pulliam
Allende
Warranty Deed
—
Oct 19, 2012
—
John Romanaggi
Allende LLC
Warranty Deed
related
—
Jul 21, 2003
$265,000
Allende LLC
Cheatham,john W & Joyce M
Grant Deed
$196,158 · Washington Mutual Fsb
Jan 3, 2003
$150,000
John W Cheatham
Fred Meyer Stores INC
Grant Deed
—
Apr 1, 1988
$47,000
Fred Meyer INC
Unknown
Grant Deed
—
—
—
Wilmington Trust Co
—
Deed Of Trust
related
$500,000 · Bankers Trust Co
—
—
Allende LLC
—
Deed Of Trust
related
$161,000 · Ccd Business Development Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3605 26th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
