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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
5015 59th Ave Portland, OR 97221-1103
Individually Owned
1-yr Hold
Free & Clear
Property ID
US71-1016645
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1941
Total area
1,574 SF
Lot
0.17 ac (7,544 SF)
Zoning code
R2
APN
1S1E18BA 04700
UPID
US71-1016645
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
$510k
Blend (final)
Blend
$510k
Owner & transaction history
Aubrey A Nielsen · 1 yrs held
Aubrey A Nielsen
since 2024
7 recorded transactions
Zoning & alternative use
R2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$480,000
+6.0%
Medical building
$475,000
+4.9%
Retail stores
$475,000
+4.3%
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
COMMERCIAL (GENERAL)
$455,000
Current use
AUTO REPAIR, GARAGE
$480,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$475,000
Change: +5% · Conversion: Easy
RETAIL STORES
$475,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$455,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$324 / 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
$5,842
Tax year 2023
Assessed value
$220,670
Assessed 2023
Previous assessed
$214,250
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$558,500
Improvement market value
$196,970
Total market value
$755,470
Applied tax rate
1.0000
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
1941
Heating
FORCED AIR
Stories
1
Bathrooms
3
Total area
1,574 SF
Lot
0.17 ac (7,544 SF)
Zoning code
R2
APN
1S1E18BA 04700
UPID
US71-1016645
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2 · Portland, OR
Zoning R2 · permitted uses
R2 · 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
$455,000
AUTO REPAIR, GARAGE
Est. value
$480,000
MEDICAL BUILDING
Est. value
$475,000
RETAIL STORES
Est. value
$475,000
OFFICE BUILDING
Est. value
$455,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1941
Heating
FORCED AIR
Stories
1
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Aubrey A Nielsen
Individual
Free & Clear · 1 yrs held
Mailing address
4125 SW DOSCH RD, PORTLAND, OR 97239-1353
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
Aubrey A Nielsen
Alan L Holt
Divorce/dissoultion Of Marriage Transfer
—
May 16, 2019
—
Home Robison J
—
Loan Modification
related
$5,000,000 · Columbia St Bk
Oct 11, 2018
$420,000
Aubrey A Holt
Davis C Buchner
Warranty Deed
$336,000 · State Farm Bank Fsb
Sep 1, 1989
$57,500
David C Buchner
Unknown
Grant Deed
—
—
—
David C Buchner
—
Deed Of Trust
related
$45,000 · Key Bank & Trust
—
—
David C Buchner
—
Deed Of Trust
related
$69,774 · Key Bank & Trust
—
—
David C Buchner
—
Deed Of Trust
related
$135,000 · Key Bank NA
—
—
Aubrey A Holt
—
Deed Of Trust
related
$350,000 · Washington Fed'l Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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