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Property profile & analytics
OFF-MARKET
Estimated value
$31,565,000
Hotels
422-426 Broadway, Portland, OR 97205
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0781486
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1890
Total area
90,056 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CXD
APN
1N1E34CC 04500
UPID
US71-0781486
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
$31.57M
Owner & transaction history
422 Sw Broadway Associates LLC · 3 yrs held
422 Sw Broadway Associates LLC
since 2022
Last sale
$32.9M
5 recorded transactions
Zoning & alternative use
CXD · 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
$28,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$30,840,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,500,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$27,200,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$27,035,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$26,025,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,935,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$31.57M
Range $28.41M – $34.72M · ±10% · vs last sale $32.90M (Sep 14 2022)
Last sale anchor
$32.90M
Sep 14 2022
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
$351 / 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
$86,545
Tax year 2023
Assessed value
$3,269,110
Assessed 2023
Previous assessed
$3,173,900
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$4,250,000
Improvement market value
$10,647,250
Total market value
$14,897,250
Applied tax rate
708.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1890
Heating
NONE
Stories
10
Total area
90,056 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CXD
APN
1N1E34CC 04500
UPID
US71-0781486
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
RESTAURANT
Est. value
$30.8M
AUTO REPAIR, GARAGE
Est. value
$27.5M
MEDICAL BUILDING
Est. value
$27.2M
RETAIL STORES
Est. value
$27.0M
OFFICE BUILDING
Est. value
$26.0M
COMMERCIAL (GENERAL)
Est. value
$25.9M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1890
Heating
NONE
Stories
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
422 Sw Broadway Associates LLC
Entity
Mailing address
39 ARGONAUT, ALISO VIEJO, CA 92656-1423
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$32,900,000
422 Sw Broadway Associates LLC
Golden Eagles Owner LLC
Special Warranty Deed
$22,330,000 · East West Bank
Jul 10, 2012
$30,500
Golden Eagles Owner LLC
Clearwest Vii Portland Owner L
Grant Deed
—
Sep 13, 2007
$26,000,000
Clearwest Vii Portland Owner LLC
Portland Hotel Associates LP
Special Warranty Deed
$24,600,000 · Wachovia Bank NA
Nov 1, 1989
$3,000,000
Portland Hotel Assoc
Unknown
Grant Deed
—
—
—
Portland Hotel Associates LP
—
Deed Of Trust
related
$14,000,000 · Chase Manhattan Bank
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
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