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Property profile & analytics
OFF-MARKET
Hotels
550 Oak St, Portland, OR 97204-1700
Entity Owned
12-yr Hold
Free & Clear
Property ID
US71-1891826
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Total area
175,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CXD
APN
1N1E34CD 06600
UPID
US71-1891826
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
-
CapitalOneCafe Cafe & Coffee Shop
-
The Social Spoon Restaurant
-
Courtyard by Marriott City Center Valet Parking Parking Lot & Garage
-
Courtyard Portland City Center Hotel & Motel
-
Oregon School Health Sciences High School
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
Rlj C Portland Dt LLC · 12 yrs held
Rlj C Portland Dt LLC
since 2014
7 recorded transactions
Zoning & alternative use
CXD · 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
$603,887
Tax year 2023
Assessed value
$24,347,120
Assessed 2023
Previous assessed
$17,641,960
+38.0% YoY
Effective rate
2.48%
On assessed value
Land market value
$6,375,000
Improvement market value
$27,438,140
Total market value
$33,813,140
Applied tax rate
708.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Heating
NONE
Stories
16
Total area
175,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CXD
APN
1N1E34CD 06600
UPID
US71-1891826
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
1982
Heating
NONE
Stories
16
Lot
0.34 ac
Current owner
From public records · entity-resolved
Rlj C Portland Dt LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3 BETHESDA METRO CTR STE #1000, BETHESDA, MD 20814-6347
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2014
$64,900,000
Rlj C Portland Dt LLC
Portland Boutique Hotel LLC
Grant Deed
related
—
Mar 8, 2011
$55,600,000
Portland Boutique Hotel LLC
Jer Portland Hotel LLC
Grant Deed
—
Aug 3, 2010
—
Jer Portland Hotel LLC
—
Deed Of Trust
related
$42,500,000 · Cse Mortgage LLC
Apr 30, 2009
—
Jer Portland Hotel LLC
—
Deed Of Trust
related
$58,120,000 · Cse Mortgage LLC
Aug 24, 2007
—
Jer Portland Hotel LLC
—
Deed Of Trust
related
$58,120,000 · Cse Mortgage LLC
Apr 23, 2007
$9,000,000
Jer Portland Hotel LLC
Fountain Village Dev
Grant Deed
—
Dec 27, 2006
—
Fountain Village Dev Co
—
Trustees Deed
related
$260,000 · M&t Real Estate Trust (tr)
Dec 3, 1999
—
Fountain Village Dev Co
—
Grant Deed
related
$17,300,000 · Continental Savings Bank
Jun 10, 1999
—
Fountain Village Dev Co
Sixth & Oak LLC
Grant Deed
$500,000 · Key Bank NA
—
—
Sixth & Oak LLC
—
Deed Of Trust
related
$400,000 · National Mortgage Co
—
—
Portland Boutique Hotel LLC
—
Deed Of Trust
related
$30,000,000 · Connecticut General Life Ins
—
—
Jer Portland Hotel LLC
—
Deed Of Trust
related
$685,000 · Community Dev Commission
—
—
David S August
—
Deed Of Trust
related
$475,000 · Centennial Bank
—
—
Fountain Village Dev Co
—
Deed Of Trust
related
$550,000 · M&t Real Estate Trust (tr)
—
—
Jer Portland Hotel LLC
—
Deed Of Trust
related
$685,000 · Community Dev Commission
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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