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Property profile & analytics
OFF-MARKET
Hotels
614 11th Ave, Portland, OR 97205-2624
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-1894874
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1924
Total area
82,194 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CXD
APN
1N1E33DD 04300
UPID
US71-1894874
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
-
Sentinel Hotel & Motel
-
The Governor Hotel Hotel & Motel
-
Jake's Catering Take-out & Catering Catering Service
-
Fortune Bar & Pub
-
Lady At Play Salon - Towing Service Hair Salon
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
Governor Acquisition Co · 14 yrs held
Governor Acquisition Co
since 2011
6 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
$236,478
Tax year 2023
Assessed value
$10,452,300
Assessed 2023
Previous assessed
$10,004,930
+4.5% YoY
Effective rate
2.26%
On assessed value
Land market value
$6,375,000
Improvement market value
$6,622,940
Total market value
$12,997,940
Applied tax rate
885.0000
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
1924
Heating
NONE
Stories
6
Total area
82,194 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CXD
APN
1N1E33DD 04300
UPID
US71-1894874
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
1924
Heating
NONE
Stories
6
Lot
0.34 ac
Current owner
From public records · entity-resolved
Governor Acquisition Co
Entity
Mailing address
614 SW 11TH AVE, PORTLAND, OR 97205-2624
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Sep 1, 2011
—
Governor Acquisition Co
Governor Hotel Owner LLC
Quit Claim Deed
related
$32,000,000 · Us Bank NA #2006-fl4 (ce)
Dec 28, 2005
$22,846,660
Governor Hotel Owner LLC
Ghg-governor Hotel LLC
Grant Deed
related
$32,000,000 · Greenwich Capital Fin'l INC
Apr 28, 2004
—
Ghg-governor Hotel LLC
—
Deed Of Trust
related
$12,850,000 · Capital Source Finance LLC
Oct 22, 2003
$12,400,000
Ghg-governor Hotel LLC
Governor Hotel Assoc LP
Grant Deed
related
$11,000,000 · Endeavour Capital Fund III LP
May 1, 1989
$2,842,105
Governor Hotel Associates Limite
Unknown
Grant Deed
—
—
—
Portland Governor Hotel Acquis
—
Deed Of Trust
related
$33,000,000 · Bank Of Ny Mellon
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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