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Property profile & analytics
OFF-MARKET
Office Spaces
5701 Lombard St Portland, OR 97203-4113
Trust Owned
Free & Clear
Property ID
US71-0899795
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1946
Total area
2,710 SF
Lot
0.08 ac (3,500 SF)
Zoning code
CG
APN
1N1E07DA 04400
UPID
US71-0899795
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
-
Oregonic Tonic LLC Production Facility Brewery & Distillery
-
Tree House Collective - North (Bike/Boat/Book/etc) Store
-
Bridgetown Electric Electric Utility Company
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
Steenslid Joint Revocable Trust
Steenslid Joint Revocable Trust
since 2025
7 recorded transactions
Zoning & alternative use
CG · 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
$4,966
Tax year 2023
Assessed value
$187,400
Assessed 2023
Previous assessed
$181,950
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$350,000
Improvement market value
$270,450
Total market value
$620,450
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
1946
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,710 SF
Lot
0.08 ac (3,500 SF)
Zoning code
CG
APN
1N1E07DA 04400
UPID
US71-0899795
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, OR
Zoning CG · permitted uses
CG · 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
1946
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Steenslid Joint Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
22732 NW GILLIHAN RD, PORTLAND, OR 97231-1503
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Steenslid Joint Revocable Trust
Keith Steenslid
Deed
related
—
Aug 9, 2010
$160,000
Keith Steenslid
Mbank
Warranty Deed
$110,000 · Mbank
Jul 24, 2009
—
Martin L Jackson
—
Grant Deed
related
$2,326,000 · Mbank
Oct 15, 2008
—
Martin L Jackson
—
Grant Deed
related
$1,300,000 · Mbank
Mar 1, 1991
$31,750
Martin L Jackson
Unknown
Grant Deed
—
—
—
Keith Steenslid
—
Deed Of Trust
related
$100,000 · Community Dev Commission
—
—
Martin L Bonnie C Jackson
—
Deed Of Trust
related
$24,000 · Potter Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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