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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Retail space
6141 Macadam Ave Portland, OR 97239-3657
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0696395
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
11,580 SF
Lot
0.91 ac (39,614 SF)
Zoning code
CGD
APN
1S1E15CD 00500
UPID
US71-0696395
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
-
Thai PK Restaurant
-
Macadam Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Finales Fine Cakes & Desserts Bakery Specialty Food Shop
-
Macadam Market Business Service Center Corporate Office
-
Sweet CoCo G - Macadam store Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$4.98M
Owner & transaction history
Macadam Macadam LLC · 18 yrs held
Macadam Macadam LLC
since 2008
5 recorded transactions
Zoning & alternative use
CGD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+14.1%
Auto repair, garage
$3.5M
+1.7%
Medical building
$3.5M
+0.6%
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
RETAIL STORES
$3,475,000
Current use
RESTAURANT
$3,965,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,535,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$3,500,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$3,345,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,175,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,080,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±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
$430 / 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
$75,034
Tax year 2023
Assessed value
$2,834,290
Assessed 2023
Previous assessed
$2,751,740
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,851,880
Improvement market value
$2,202,450
Total market value
$5,054,330
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Heating
NONE
Buildings
2
Stories
1
Total area
11,580 SF
Lot
0.91 ac (39,614 SF)
Zoning code
CGD
APN
1S1E15CD 00500
UPID
US71-0696395
Jurisdiction
MULTNOMAH
Zoning & alternative use
CGD · Portland, ORZoning CGD · permitted uses
CGD · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1993
Heating
NONE
Stories
1
Buildings
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Macadam Macadam LLC
Entity
Free & Clear · 18 yrs held
Mailing address
61383 S HWY 97TH STE E STE E, BEND, OR 97702-2100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2008
—
Macadam Macadam LLC
Nase,george P & Beverly I
Grant Deed
related
—
Jan 1, 1993
$483,000
George P Nase
Unknown
Grant Deed
—
—
—
Macadam Macadam LLC
—
Loan Modification
related
—
—
—
Macadam Macadam LLC
—
Deed Of Trust
related
$825,000 · Us Bk
—
—
George P Nase
—
Deed Of Trust
related
$400,000 · Pacific American Property Exch
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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