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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office Spaces
4548-4550 Albina Ave Portland, OR 97217
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0694923
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Total area
2,860 SF
Lot
0.14 ac (6,000 SF)
Zoning code
EXD
APN
1N1E22BD 09700
UPID
US71-0694923
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
$1.22M
Blend (final)
Blend
$1.24M
Owner & transaction history
Michelle Stafford · 6 yrs held
Michelle Stafford
since 2019
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
EXD · 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
$1,140,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.31M (May 22 2025)
Last sale anchor
$1.31M
May 22 2025
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
$434 / 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
$8,382
Tax year 2023
Assessed value
$316,310
Assessed 2023
Previous assessed
$307,100
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$629,410
Improvement market value
$1,050,550
Total market value
$1,679,960
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Heating
NONE
Stories
2
Total area
2,860 SF
Lot
0.14 ac (6,000 SF)
Zoning code
EXD
APN
1N1E22BD 09700
UPID
US71-0694923
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.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Michelle Stafford
Individual
Mailing address
3036 NW 132ND AVE, PORTLAND, OR 97229-3692
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
Michelle Stafford
Peterford Properties LLC
Quit Claim Deed
related
—
Dec 11, 2018
—
Josiah L Whitman LLC
Whitman,josiah L
Quit Claim Deed
related
—
Nov 18, 2015
$100,000
Peterford Properties LLC
Peterford Properties LLC
Grant Deed
related
—
Oct 19, 2015
$100,000
Peterford Properties LLC
Peterford Properties LLC
Warranty Deed
related
$945,510 · Pacific Continental Bank
Sep 12, 2014
$925,000
Peterford Properties LLC
Carolyn S Witty
Warranty Deed
$952,000 · Pacific Continental Bank
Dec 19, 2011
—
Witty Carolyn S Trust
Witty,carole S
Quit Claim Deed
related
—
Jan 27, 2011
—
Carolyn S Witty
Witty,john F & Carole S
Quit Claim Deed
related
—
—
—
John F Witty
—
Deed Of Trust
related
$200,000 · Umpqua Bank
—
—
John F Witty
—
Deed Of Trust
related
$75,000 · Umpqua Bank
—
—
John F Witty
—
Deed Of Trust
related
$164,355 · Key Bank & Trust
—
—
John F Witty
—
Deed Of Trust
related
$30,000 · Key Bank Of Oregon
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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