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Property profile & analytics
OFF-MARKET
Estimated value
$625,920,000
Parking lots & garages
6399 Wi N Marine Dr Portland, OR 97203
Individually Owned
Free & Clear
Property ID
US71-0804827
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Total area
2,064,857 SF
Lot
47.4 ac (2,064,875 SF)
Zoning code
IH
APN
2N1E30 00501
UPID
US71-0804827
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
-
American Honda Motor Co Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$625.92M
Blend (final)
Blend
$625.92M
Owner & transaction history
PORTLAND PORT
PORTLAND PORT
Zoning & alternative use
IH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is one of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zone provides areas where all kinds of industries may locate including those not desirable in other zones due to their objectionable impacts or appearance
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
7,857.88 ac
Source
Realmo
Top alternative use upside
Restaurant
$707.1M
+13.0%
Auto repair, garage
$630.5M
+0.7%
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
PARKING LOT
$625,920,000
Current use
RESTAURANT
$707,130,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,485,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$623,690,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$596,765,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$594,660,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$549,005,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$625.92M
Range $563.33M – $688.51M · ±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
$303 / 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
Land market value
$17,757,770
Improvement market value
$5,063,660
Total market value
$22,821,430
Applied tax rate
201.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Total area
2,064,857 SF
Lot
47.4 ac (2,064,875 SF)
Zoning code
IH
APN
2N1E30 00501
UPID
US71-0804827
Jurisdiction
MULTNOMAH
Zoning & alternative use
IH · Portland, ORZoning IH · permitted uses
IH · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is one of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zone provides areas where all kinds of industries may locate including those not desirable in other zones due to their objectionable impacts or appearance
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
7,857.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$625.9M
RESTAURANT
Est. value
$707.1M
AUTO REPAIR, GARAGE
Est. value
$630.5M
MEDICAL BUILDING
Est. value
$623.7M
OFFICE BUILDING
Est. value
$596.8M
COMMERCIAL (GENERAL)
Est. value
$594.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$549.0M
PARKING LOT 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
Heating
NONE
Lot
47.4 ac
Current owner
From public records · entity-resolved
PORTLAND PORT
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 3529, PORTLAND, OR 97208-3529
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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