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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
6529-6533 Sandy Blvd Portland, OR 97213
Entity Owned
~
Est. High Equity
Property ID
US71-0617585
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
4,496 SF
Lot
0.11 ac (4,810 SF)
Zoning code
CGH
APN
1N2E29BB 15600
UPID
US71-0617585
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.13M
Owner & transaction history
Sandia Property LLC
Sandia Property LLC
since 2026
Last sale
$785,000
7 recorded transactions
Zoning & alternative use
CGH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+33.1%
Medical building
$1.4M
+31.6%
Office building
$1.3M
+25.9%
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
$1,030,000
Current use
AUTO REPAIR, GARAGE
$1,375,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,360,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,300,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,135,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$915,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $785k (Jan 21 2026)
Last sale anchor
$785k
Jan 21 2026
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
$250 / 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
$13,454
Tax year 2023
Assessed value
$507,740
Assessed 2023
Previous assessed
$492,960
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$165,080
Improvement market value
$1,206,080
Total market value
$1,371,160
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
2
Total area
4,496 SF
Lot
0.11 ac (4,810 SF)
Zoning code
CGH
APN
1N2E29BB 15600
UPID
US71-0617585
Jurisdiction
MULTNOMAH
Zoning & alternative use
CGH · Portland, OR
Zoning CGH · permitted uses
CGH · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$915,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1954
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Sandia Property LLC
Entity
Mailing address
2831 NE ROCKY BUTTE RD, PORTLAND, OR 97220-3613
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
$785,000
Sandia Property LLC
Halo Properties LLC
Warranty Deed
$622,000 · Key Bank NA
Sep 29, 2016
—
Halo Properties LLC
—
Deed
related
$400,000 · Bank Of The West
Jul 19, 2016
—
Halo Properties LLC
Hackler,james
Grant Deed
—
Jun 7, 2016
—
James Hackler
Advantage Equities LLC 9268
Warranty Deed
—
Feb 5, 2016
$510,000
Advantage Equities LLC 9268
Dang,monica V
Warranty Deed
$310,000 · Monica V Dang
Oct 23, 2015
—
Monica V Dang
Vo,tam T
Quit Claim Deed
related
—
Sep 17, 1997
—
Phuc D Vo
Vo,phuc D
Quit Claim Deed
related
$165,000 · Southern Pacific Thrift & Loan
Aug 2, 1994
$185,000
Phuc D Vo
Greenburg,fred J
Grant Deed
$145,000 · Seller
May 1, 1990
$152,500
Velma J Horenstein
Unknown
Grant Deed
—
—
—
Phuc D Vo
—
Deed Of Trust
related
$105,000 · Vo Loan
—
—
Halo Properties LLC
—
Deed Of Trust
related
$400,000 · Bank Of The West
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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