New search
Property profile & analytics
FOR LEASE
Warehouses
6600 NE 78Th Ct, Portland, OR 97218
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1889051
For Lease
1 / 2
$7,925,000
6600 NE 78Th Ct, Portland, OR 97218
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Total area
30,000 SF
Lot
2.76 ac (120,443 SF)
Zoning code
EG2CHX
APN
1N2E17AD 00600
UPID
US71-1889051
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
-
D & D Mechanical Inc. Home Appliance Store
-
Dream Hair Blending Hair Salon
-
Stake Center Locating Church
-
Custom Courier Service Courier Service Postal Service
-
ImageFIRST Healthcare Laundry Specialists (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.93M
Blend (final)
Blend
$7.93M
Owner & transaction history
Icon Owner Pool 1 West LLC · 11 yrs held
Icon Owner Pool 1 West LLC
since 2015
5 recorded transactions
Zoning & alternative use
EG2CHX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.3M
+67.8%
Auto repair, garage
$9.2M
+49.6%
Medical building
$9.1M
+48.0%
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
WAREHOUSE, STORAGE
$6,120,000
Current use
RESTAURANT
$10,275,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,160,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$9,060,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$9,005,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$8,670,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,640,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$7.93M
Range $7.13M – $8.72M · ±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
$264 / 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
$63,911
Tax year 2023
Assessed value
$2,302,380
Assessed 2023
Previous assessed
$2,235,330
+3.0% YoY
Effective rate
2.78%
On assessed value
Land market value
$1,989,170
Improvement market value
$5,379,940
Total market value
$7,369,110
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1982
Heating
NONE
Stories
1
Total area
30,000 SF
Lot
2.76 ac (120,443 SF)
Zoning code
EG2CHX
APN
1N2E17AD 00600
UPID
US71-1889051
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2CHX · Portland, OR
Zoning EG2CHX · permitted uses
EG2CHX · 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
WAREHOUSE, STORAGE Current
Est. value
$6.1M
RESTAURANT
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$9.1M
RETAIL STORES
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1982
Heating
NONE
Stories
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Icon Owner Pool 1 West LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1700 QUAIL ST #100, NEWPORT BEACH, CA 92660-2728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 6, 2015
$25,307,545
Icon Owner Pool 1 West LLC
Cwor Airport Bc 7 LLC
Special Warranty Deed
—
Sep 6, 2012
—
Cwor Airport Bc 7 LLC
—
Deed Of Trust
related
$943,800,000 · Citibank NA
Jun 7, 2007
$26,000,000
Walton Cwor Airport Bc 7 LLC
Calwest Indl Holdings LLC
Grant Deed
—
Dec 22, 1994
—
Rreef Performance Partnership
Portland Airport Industrial
Grant Deed
related
—
—
—
Cwor Airport Bc 7 LLC
—
Loan Modification
related
$943,800,000 · Citibank NA
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
