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Property profile & analytics
FOR LEASE
Warehouses
6002 Northeast 112Th Ave, Portland, OR 97220
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0981501
For Lease
$15,035,000
6002 Northeast 112Th Ave, Portland, OR 97220
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
48,720 SF
Lot
8.05 ac (350,527 SF)
Zoning code
EG2HX
APN
1N2E15DB 01500
UPID
US71-0981501
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
-
Lear Electric Co., Inc. Electrical Service General Contractor
-
PDX Arsenal Concealed Carry LLC. Training Center Vocational School
-
A Quality Entertainment Co Big Box & Wholesale Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.04M
Blend (final)
Blend
$15.04M
Owner & transaction history
Pnwp LLC 4 · 7 yrs held
Pnwp LLC 4
since 2018
3 recorded transactions
Zoning & alternative use
EG2HX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.7M
+67.8%
Auto repair, garage
$14.9M
+49.6%
Medical building
$14.7M
+48.0%
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
WAREHOUSE, STORAGE
$9,940,000
Current use
RESTAURANT
$16,685,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,875,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$14,715,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$14,625,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$14,080,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,160,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$15.04M
Range $13.53M – $16.54M · ±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
$309 / 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
$171,746
Tax year 2023
Assessed value
$7,287,610
Assessed 2023
Previous assessed
$7,075,350
+3.0% YoY
Effective rate
2.36%
On assessed value
Land market value
$3,680,640
Improvement market value
$14,967,060
Total market value
$18,647,700
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1998
Heating
NONE
Buildings
3
Stories
1
Total area
48,720 SF
Lot
8.05 ac (350,527 SF)
Zoning code
EG2HX
APN
1N2E15DB 01500
UPID
US71-0981501
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2HX · Portland, OR
Zoning EG2HX · permitted uses
EG2HX · 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
WAREHOUSE, STORAGE Current
Est. value
$9.9M
RESTAURANT
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$14.9M
MEDICAL BUILDING
Est. value
$14.7M
RETAIL STORES
Est. value
$14.6M
OFFICE BUILDING
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$13.2M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1998
Heating
NONE
Stories
1
Buildings
3
Lot
8.05 ac
Current owner
From public records · entity-resolved
Pnwp LLC 4
Entity
Free & Clear · 7 yrs held
Mailing address
222 S RIVERSIDE PLZ FL, CHICAGO, IL 60606-5808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
—
Pnwp LLC 4
—
Deed
related
$6,900,000 · Miscellaneous Ins Co
Aug 24, 2018
$23,965,000
Pnwp LLC 4
Jpi Dev LP
Grant Deed
—
—
—
Pnwp LLC 4
—
Deed Of Trust
related
$6,900,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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