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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Office Spaces
5311 Vancouver Ave 5317 Portland, OR 97217-2731
Entity Owned
8-yr Hold
Free & Clear
Property ID
US71-0922481
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1949
Total area
3,882 SF
Lot
0.24 ac (10,665 SF)
Zoning code
CO1
APN
1N1E22AB 01200
UPID
US71-0922481
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
-
Hands On Medicine Medical Clinic
-
Aarin Meager-Benson, ND Physician
-
Erica H. Morris, LMT Physician
-
Shelda Holmes Physician
-
Melanie Anthony Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.37M
Owner & transaction history
5311 N Vancouver LLC · 8 yrs held
5311 N Vancouver LLC
since 2017
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
CO1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.40M (Feb 6 2026)
Last sale anchor
$1.40M
Feb 6 2026
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
$352 / 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
$9,085
Tax year 2023
Assessed value
$342,830
Assessed 2023
Previous assessed
$332,850
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$606,540
Improvement market value
$661,920
Total market value
$1,268,460
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
1949
Heating
NONE
Stories
1
Total area
3,882 SF
Lot
0.24 ac (10,665 SF)
Zoning code
CO1
APN
1N1E22AB 01200
UPID
US71-0922481
Jurisdiction
MULTNOMAH
Zoning & alternative use
CO1 · Portland, OR
Zoning CO1 · permitted uses
CO1 · 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
1949
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
5311 N Vancouver LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5311 N VANCOUVER AVE, PORTLAND, OR 97217-2731
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2017
—
5311 N Vancouver LLC
Holmes,shelda R
Grant Deed
—
Jun 27, 2017
$995,000
Shelda R Holmes
Blue Sky West LLC
Warranty Deed
$845,750 · First Citizens Bank & Trust Co
Mar 12, 2010
—
Blue Sky West LLC
Hunt,laura S
Grant Deed
—
May 26, 1994
$85,000
Edmund B Hunt
Kelly,neil
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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