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Property profile & analytics
OFF-MARKET
Commercial land
3625 M L King Blvd, Portland, OR 97212-2061
Entity Owned
1-yr Hold
Free & Clear
Property ID
US71-0012843
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1902
Total area
992 SF
Lot
0.2 ac (8,695 SF)
Zoning code
CGD
APN
1N1E22DD 14600
UPID
US71-0012843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mlk Street Food LLC · 1 yrs held
Mlk Street Food LLC
since 2024
7 recorded transactions
Zoning & alternative use
CGD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,243
Tax year 2023
Assessed value
$84,660
Assessed 2023
Previous assessed
$84,660
+0.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$869,500
Total market value
$869,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1902
Heating
FORCED AIR
Bathrooms
1
Total area
992 SF
Lot
0.2 ac (8,695 SF)
Zoning code
CGD
APN
1N1E22DD 14600
UPID
US71-0012843
Jurisdiction
MULTNOMAH
Zoning & alternative use
CGD · Portland, OR
Zoning CGD · permitted uses
CGD · 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.
Building & site characteristics
From public records
Year built
1902
Heating
FORCED AIR
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mlk Street Food LLC
Entity
Free & Clear · 1 yrs held
Mailing address
949 NW OVERTON ST UNIT #102, PORTLAND, OR 97209-3278
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
—
Mlk Street Food LLC
Studio Functions Properties LP
Bargain And Sale Deed
—
May 31, 2024
$1,000,000
Studio Functions Properties LP
Eastside Village LLC
Warranty Deed
—
Feb 1, 2022
—
Allison Gordon
Allison Gordon
Intrafamily Transfer
related
—
Jan 31, 2022
$800,000
Eastside Village LLC
Gordon Rentals LLC
Warranty Deed
$600,000 · Gordon Rentals LLC
Oct 14, 2020
—
Gordon Rentals LLC
Gordon William J JR L/tr
Quit Claim Deed
related
—
Mar 16, 2005
—
Gordon William J JR Trust
Gordon,william J JR
Quit Claim Deed
related
—
Mar 4, 2005
—
William J Gordon JR.
Parris,lorene
Grant Deed
—
Mar 4, 2005
$68,118
William J Gordon JR.
Parris,lorene
Grant Deed
—
Jul 3, 2002
$68,120
William J Gordon
Parris,lorene
—
$39,933 · Lorene Parris
—
—
Lorene Parris
—
Deed Of Trust
related
$6,800 · Portland Development Commissio
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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