Financial
Distress signals
Property profile

646 N Thompson St Portland, OR 97227

FOR SALE
Auto shops
Property ID
US71-0814955
5,500 SF 0.13 ac lot Built 1924
Last sale Apr 2013
Trust Owned Owner of record is a trust. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Industrial property zoned IG1 – General Industrial 1, consisting of approximately 5,500 square feet of warehouse space with a small office and restroom. The building has one grade-level door and provides parking for five vehicles in the back alley. Clearance height is approximately 12 to 13 feet, and electrical service is provided with 240/120V, 600 amp, three-phase power. The property is configured to support general industrial uses consistent with its zoning.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$221k
Effective rate2.65%

Value estimate

· Sep 2026
$420k
$378k – $462k
Submarket $/SF estimate$944k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 3.63% cap applied$35k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$305/SF
Submarket average, outlier-cleaned · 116 recorded sales of this use type
Observed band · Q1–Q3$172 – $495
Qualifying comparables6

Cap rate analysis

How does the asset earn?
3.63%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IG1S
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store22.2
Building Supply16.1
Watch Repair Shop9.5

Location

646 N Thompson St Portland, OR 97227
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 17 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2323 Williams, Portland, OR 97227-1935 $975,000 Dec 2025 3,600 SF
3334 Williams, Portland, OR 97227-1552 $1,000,000 Oct 2018 5,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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