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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
3811 Mississippi Ave Portland, OR 97227-1160
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US71-0695166
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
1,735 SF
Lot
0.09 ac (3,900 SF)
Zoning code
EXD
APN
1N1E22CD 09100
UPID
US71-0695166
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
-
Portland Flower Market Big Box & Wholesale Store
-
Pistils Nursery - Mississippi Ave Garden Center Landscaping
-
Pistils Landscape Design Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$650k
Owner & transaction history
Pistils LLC · 25 yrs held
Pistils LLC
since 2001
7 recorded transactions
Zoning & alternative use
EXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$530,000
+1.7%
Medical building
$525,000
+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
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
RETAIL STORES
$520,000
Current use
AUTO REPAIR, GARAGE
$530,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$525,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$500,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$375 / 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
$5,040
Tax year 2023
Assessed value
$190,190
Assessed 2023
Previous assessed
$184,660
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$496,790
Improvement market value
$467,350
Total market value
$964,140
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
1,735 SF
Lot
0.09 ac (3,900 SF)
Zoning code
EXD
APN
1N1E22CD 09100
UPID
US71-0695166
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, OR
Zoning EXD · permitted uses
EXD · 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
RETAIL STORES Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$530,000
MEDICAL BUILDING
Est. value
$525,000
OFFICE BUILDING
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$500,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2002
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Pistils LLC
Entity
Mailing address
3811 N MISSISSIPPI AVE, PORTLAND, OR 97227-1160
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
—
Pistils LLC
—
Deed
related
$280,000 · Bank Of America
Mar 12, 2001
$45,000
Pistils LLC
Garrett,terrell & Christina K
Grant Deed
—
May 11, 2000
$39,000
Terrell Garrett
Tek Chemical INC
Grant Deed
—
—
—
Pistils LLC
—
Deed Of Trust
related
$242,000 · Pacific Continental Bank
—
—
Pistils LLC
—
Deed Of Trust
related
$87,331 · Cascadia Revolving Fund
—
—
Pistils LLC
—
Deed Of Trust
related
$50,000 · Portland Development Commissio
—
—
Pistils LLC
—
Deed Of Trust
related
$280,000 · Bank Of America
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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