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Property profile & analytics
OFF-MARKET
Specialty properties
5308 Commercial Ave, Portland, OR 97217
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-1024461
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1923
Total area
16,245 SF
Lot
0.46 ac (20,000 SF)
Zoning code
CM
APN
1N1E22AB 02600
UPID
US71-1024461
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
by Request
Owner & transaction history
Masonic Temple Property LLC · 6 yrs held
Masonic Temple Property LLC
since 2019
6 recorded transactions
Zoning & alternative use
CM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$27,244
Tax year 2023
Assessed value
$1,028,120
Assessed 2023
Previous assessed
$998,180
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,000,000
Improvement market value
$485,930
Total market value
$2,485,930
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1923
Heating
NONE
Stories
3
Total area
16,245 SF
Lot
0.46 ac (20,000 SF)
Zoning code
CM
APN
1N1E22AB 02600
UPID
US71-1024461
Jurisdiction
MULTNOMAH
Zoning & alternative use
CM · Portland, OR
Zoning CM · permitted uses
CM · 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
NONE
Stories
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
Masonic Temple Property LLC
Entity
Mailing address
430 N KILLINGSWORTH ST, PORTLAND, OR 97217-2441
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Masonic Temple Property LLC
Michael R Mcmenamin
Warranty Deed
$460,000 · Columbia State Bank
Apr 2, 2007
$675,000
Michael R Mcmenamin
Ethos INC
Warranty Deed
$675,000 · Shorebank Pacific
May 23, 2003
$320,000
Ethos INC
School District #1
Grant Deed
$260,000 · Shorebank Pacific
—
—
Ethos INC
—
Deed Of Trust
related
$1,000,000 · Meyer Memorial Trust (tr)
—
—
Michael R Mcmenamin
—
Deed Of Trust
related
$500,000 · Shorebank Pacific
—
—
Michael R Mcmenamin
—
Deed Of Trust
related
$250,000 · Folker Donald C Trust (tr)
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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