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Property profile & analytics
OFF-MARKET
Estimated value
$10,500,000
Warehouses
4534 17th Ave Portland, OR 97202-4711
Entity Owned
14-yr Hold
Free & Clear
Property ID
US71-0647965
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1953
Total area
41,270 SF
Lot
1.13 ac (49,223 SF)
Zoning code
IG1
APN
1S1E14AB 00600
UPID
US71-0647965
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
-
Stor-Room Self-Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Bc Works Construction Company General Contractor
-
Karylee Photography Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.50M
Blend (final)
Blend
$10.50M
Owner & transaction history
Stor-n-lok Warehouses INC · 14 yrs held
Stor-n-lok Warehouses INC
since 2011
2 recorded transactions
Zoning & alternative use
IG1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.1M
+59.7%
Retail stores
$13.8M
+55.6%
Auto repair, garage
$12.6M
+42.4%
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
WAREHOUSE, STORAGE
$8,850,000
Current use
RESTAURANT
$14,135,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$13,775,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,600,000
Change: +42% · Conversion: Easy
MEDICAL BUILDING
$12,465,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,000,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$11,925,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$10.50M
Range $9.45M – $11.55M · ±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
$254 / 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
$73,034
Tax year 2023
Assessed value
$2,756,130
Assessed 2023
Previous assessed
$2,675,860
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$3,194,410
Improvement market value
$8,839,730
Total market value
$12,034,140
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Heating
NONE
Stories
1
Total area
41,270 SF
Lot
1.13 ac (49,223 SF)
Zoning code
IG1
APN
1S1E14AB 00600
UPID
US71-0647965
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG1 · Portland, OR
Zoning IG1 · permitted uses
IG1 · 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
WAREHOUSE, STORAGE Current
Est. value
$8.9M
RESTAURANT
Est. value
$14.1M
RETAIL STORES
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$12.0M
OFFICE BUILDING
Est. value
$11.9M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1953
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Stor-n-lok Warehouses INC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 2879, VANCOUVER, WA 98668-2879
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2011
$6,188,072
Stor-n-lok Warehouses INC
Holgate Stor-room LLC
Grant Deed
related
—
Oct 1, 1992
$2,050,000
Holgate Stor Room Mini Stora
Unknown
Grant Deed
—
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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