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Property profile & analytics
OFF-MARKET
Hotels
7025 Alderwood Rd, Portland, OR 97218-2833
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-0058136
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
73,038 SF
Lot
4.09 ac (177,986 SF)
Zoning code
EG2HX
APN
1N2E17AA 00700
UPID
US71-0058136
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
-
Country Inn & Suites by Radisson, Portland International Airport, OR Hotel & Motel
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Virk Hospitality Portland Airport L · 4 yrs held
Virk Hospitality Portland Airport L
since 2021
Last sale
$17,100
7 recorded transactions
Zoning & alternative use
EG2HX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$190,247
Tax year 2023
Assessed value
$7,029,950
Assessed 2023
Previous assessed
$6,825,200
+3.0% YoY
Effective rate
2.71%
On assessed value
Land market value
$2,135,930
Improvement market value
$12,925,470
Total market value
$15,061,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Stories
4
Total area
73,038 SF
Lot
4.09 ac (177,986 SF)
Zoning code
EG2HX
APN
1N2E17AA 00700
UPID
US71-0058136
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2HX · Portland, OR
Zoning EG2HX · permitted uses
EG2HX · 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.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
4
Lot
4.09 ac
Current owner
From public records · entity-resolved
Virk Hospitality Portland Airport L
Individual
Free & Clear · 4 yrs held
Mailing address
8815 SW SUN PL, WILSONVILLE, OR 97070-9611
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Virk Hospitality Portland Airport L
—
Deed
related
$14,384,500 · Washington State Employees Cu
Oct 28, 2021
$17,100
Virk Hospitality Portland Airport L
Rbvh Portland Alderwood LLC
Special Warranty Deed
—
Oct 3, 2016
—
Rbvh Portland Alderwood LLC
—
Deed
related
$11,620,000 · Miscellaneous Ins Co
Dec 11, 2015
$10,316,397
Rbvh Portland-vancouver Holdin
Realvest Corp
Trustees Deed
$11,620,000 · Miscellaneous Ins Co
Dec 11, 2015
—
Ret Hotels LLC
Hotel Alderwood LLC
Quit Claim Deed
—
Jan 19, 2007
—
Hotel Alderwood LLC
—
Deed Of Trust
related
$7,100,000 · Citigroup Global Markets Realt
Jan 18, 2002
$5,416,260
Hotel Alderwood LLC
Alderwood LLC
Grant Deed
related
$1,500,000 · Pacific Continental Bank
Jul 19, 1999
$5,820,000
Alderwood LLC
Brenner Family LLC
Grant Deed
$5,200,000 · Pacific Continental Bank
Mar 13, 1998
—
Brenner Family LLC
—
Deed Of Trust
related
$5,130,000 · Pacific Continental Bank
Apr 1, 1989
$425,000
Evergreen Intnl Aviation INC
Unknown
Grant Deed
—
—
—
Alderwood Inn
—
Deed Of Trust
related
$2,225,000 · Pacific Continental Bank
—
—
Brenner Family LLC
—
Deed Of Trust
related
$150,000 · Bank Of Newport
—
—
Rbvh Portland Alderwood LLC
—
Loan Modification
related
$11,620,000 · Miscellaneous Ins Co
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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