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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Commercial real estate
6650 Capitol Hwy Portland, OR 97219-1915
Entity Owned
15-yr Hold
Free & Clear
Property ID
US71-0558579
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2014
Total area
4,989 SF
Lot
0.49 ac (21,344 SF)
Zoning code
R2
APN
1S1E20AA 00600
UPID
US71-0558579
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
-
Neighborhood House Head Start Charitable Organization Social Service Agency
-
Head Start Neighborhood House High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.44M
Owner & transaction history
Housing Authority Of Portland · 15 yrs held
Housing Authority Of Portland
since 2010
5 recorded transactions
Zoning & alternative use
R2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+6.0%
Medical building
$1.5M
+4.9%
Retail stores
$1.5M
+4.3%
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
COMMERCIAL (GENERAL)
$1,435,000
Current use
AUTO REPAIR, GARAGE
$1,525,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$1,505,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,500,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$1,440,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$288 / 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
$785,000
Improvement market value
$2,076,440
Total market value
$2,861,440
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2014
Heating
BASEBOARD
Stories
1
Bathrooms
4
Total area
4,989 SF
Lot
0.49 ac (21,344 SF)
Zoning code
R2
APN
1S1E20AA 00600
UPID
US71-0558579
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2 · Portland, ORZoning R2 · permitted uses
R2 · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2014
Heating
BASEBOARD
Stories
1
Bathrooms
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
Housing Authority Of Portland
Entity
Free & Clear · 15 yrs held
Mailing address
135 SW ASH ST, PORTLAND, OR 97204-3511
Ownership since
2010
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
Oct 21, 2010
$275,000
Housing Authority Of Portland
Luke,michael R & Ingrid M
Warranty Deed
—
Nov 17, 2009
—
Michael R Luke
Luke,michael R & Ingrid M
Quit Claim Deed
related
—
May 3, 1999
$179,900
Michael R Luke
Hrabal,dave
Grant Deed
$109,000 · Norwest Mortgage INC
Aug 14, 1996
—
Dave Hrabal
Soule,judith E
Grant Deed
$103,300 · Allied Savings Bank
Oct 1, 1991
$100,000
Judith E Soule
Unknown
Grant Deed
—
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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