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Property profile & analytics
FOR SALE
Retail space
6214 N Interstate Ave, Portland, OR 97217
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-1848785
For Sale
1 / 3
Contact for pricing
6214 N Interstate Ave, Portland, OR 97217
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1922
Total area
1,772 SF
Lot
0.13 ac (5,500 SF)
Zoning code
R1
APN
1N1E15CB 05000
UPID
US71-1848785
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
-
Sit Tite Bar & Pub
-
Swift Lounge Restaurant
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
Rubber Toe LLC · 8 yrs held
Rubber Toe LLC
since 2017
7 recorded transactions
Zoning & alternative use
R1 · 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
$3,775
Tax year 2023
Assessed value
$142,460
Assessed 2023
Previous assessed
$138,320
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$440,000
Improvement market value
$333,500
Total market value
$773,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1922
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
1,772 SF
Lot
0.13 ac (5,500 SF)
Zoning code
R1
APN
1N1E15CB 05000
UPID
US71-1848785
Jurisdiction
MULTNOMAH
Zoning & alternative use
R1 · Portland, OR
Zoning R1 · permitted uses
R1 · 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
1922
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Rubber Toe LLC
Entity
Mailing address
2505 SE 17TH AVE, PORTLAND, OR 97202-1155
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2017
$800,000
Rubber Toe LLC
Pilip,bernadene A
Warranty Deed
$680,000 · Bank Of The West
Jul 1, 2011
$250,000
Bernadene A Pilip
Pilip,barry F & Bernadene A
Quit Claim Deed
related
—
May 16, 2011
$250,000
Bernadene A Pilip
Pilip,barry F
Quit Claim Deed
related
—
Mar 22, 2007
$250,000
Barry Pilip
North By Northwest Props LLC
Warranty Deed
$190,000 · North By Northwest Props LLC
Feb 21, 2007
$159,950
North By Northwest Props LLC
Price,darcel R
Warranty Deed
$155,850 · Mark & Vicki Schaeffer
—
—
Bernadene A Pilip
—
Deed Of Trust
related
$425,000 · Mbank
—
—
Bernadene A Pilip
—
Deed Of Trust
related
$170,000 · Amr Investment Group LLC
—
—
Barry Pilip
—
Deed Of Trust
related
$600,000 · H E Anderson
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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