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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Investment properties
4204 Massachusetts Ave Portland, OR 97217-3233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0896102
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Total area
2,608 SF
Lot
0.09 ac (4,000 SF)
Zoning code
CG
APN
1N1E22CB 06100
UPID
US71-0896102
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
$540k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$890k
Owner & transaction history
Nerd Lineage LLC · 4 yrs held
Nerd Lineage LLC
since 2021
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
CG · 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
Method
Estimation
Statistic approach
$830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $825k (Nov 30 2021)
Last sale anchor
$825k
Nov 30 2021
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
$341 / 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
$7,956
Tax year 2023
Assessed value
$300,250
Assessed 2023
Previous assessed
$291,510
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$307,500
Improvement market value
$385,370
Total market value
$692,870
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1923
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,608 SF
Lot
0.09 ac (4,000 SF)
Zoning code
CG
APN
1N1E22CB 06100
UPID
US71-0896102
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, OR
Zoning CG · permitted uses
CG · 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
1923
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Nerd Lineage LLC
Entity
Mailing address
4204 N MASSACHUSETTS AVE, PORTLAND, OR 97217-3233
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 30, 2021
$825,000
Nerd Lineage LLC
Esmeralda P Caldera
Warranty Deed
$533,000 · Bank Of America NA
Sep 12, 2017
—
Esmeralda P Caldera
—
Deed
related
$238,950 · Unitus Community Cu
Jul 31, 1997
$154,000
Esmeralda P Caldera
Radcliffe,stanley E
Grant Deed
$123,200 · Great Western Bank
—
—
Stanley E Radcliff
—
Deed Of Trust
related
$8,416 · Pacific Crest Exteriors INC
—
—
Esmeralda P Caldera
—
Deed Of Trust
related
$357,500 · Greenpoint Mortgage Funding
—
—
Esmeralda P Caldera
—
Deed Of Trust
related
$126,500 · Mortgage Market
—
—
Esmeralda P Caldera
—
Deed Of Trust
related
$25,679 · Cascadia Revolving Fund
—
—
Esmeralda Pp Caldera
—
Deed Of Trust
related
$50,000 · Portland Development Commissio
—
—
Esmeralda P Caldera
—
Deed Of Trust
related
$157,500 · American Mortgage Network INC
—
—
Stanley E Radcliff
—
Deed Of Trust
related
$55,000 · Portland Teachers Cu
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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