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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Investment properties
4035 52nd Ave Portland, OR 97206-3913
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0631532
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1963
Total area
5,180 SF
Lot
0.34 ac (14,784 SF)
Zoning code
CO1
APN
1S2E07DC 15100
UPID
US71-0631532
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
-
Harris & Elkins (formerly Reeves Kahn Hennessy & Elkins) Law Firm
-
Sheltering Oak Clinic Physician
-
Hayley Simon Alternative Medicine Practice Spa & Massage Center
-
Janet La Rosa Alternative Medicine Practice Acupuncture
-
Elkins Tiffany Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.09M
Owner & transaction history
Martin W Reeves · 2 yrs held
Martin W Reeves
since 2023
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
CO1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+18.9%
Auto repair, garage
$1.6M
+6.0%
Medical building
$1.6M
+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
$1,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,490,000
Current use
RESTAURANT
$1,775,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,580,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$1,565,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$1,495,000
Change: +0% · Conversion: Easy
RETAIL STORES
$1,485,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,375,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $950k (Oct 3 2023)
Last sale anchor
$950k
Oct 3 2023
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
$209 / 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
$14,118
Tax year 2023
Assessed value
$532,790
Assessed 2023
Previous assessed
$517,280
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$601,260
Improvement market value
$762,080
Total market value
$1,363,340
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
1963
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
5,180 SF
Lot
0.34 ac (14,784 SF)
Zoning code
CO1
APN
1S2E07DC 15100
UPID
US71-0631532
Jurisdiction
MULTNOMAH
Zoning & alternative use
CO1 · Portland, OR
Zoning CO1 · permitted uses
CO1 · 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
$1.5M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Martin W Reeves
Individual
Mailing address
PO BOX 86100, PORTLAND, OR 97286-0100
Ownership since
2023
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
Oct 3, 2023
—
Martin W Reeves
Rke LLC
Bargain And Sale Deed
$291,666 · Martin W Reeves
Oct 3, 2023
$950,000
Boognish Legal LLC
Gary K Kahn
Warranty Deed
$291,666 · Gary Kahn
Dec 20, 1994
$275,000
Rke LLC
Kaiser Foundation Health Plan
Grant Deed
$175,000 · Seller
—
—
Rke LLC
—
Deed Of Trust
related
$50,000 · Individual
—
—
Rke LLC
—
Deed Of Trust
related
$350,000 · Us Bank NA
—
—
Rke LLC
—
Deed Of Trust
related
$30,000 · Jack Wolinsky Trustee
—
—
Rke LLC
—
Deed Of Trust
related
$150,000 · E E Brunold Trustee
—
—
Rke LLC
—
Deed Of Trust
related
$100,000 · Individual
—
—
Jerrie L Wilmore
—
Deed Of Trust
related
$104,000 · Sutter Mortgage 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.
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