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Property profile & analytics
OFF-MARKET
Estimated value
$14,810,000
Office Spaces
7100 Hampton St, Portland, OR 97223-8315
Individually Owned
Absentee Owner
Free & Clear
Property ID
US71-0126337
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1974
Total area
84,292 SF
Lot
4.8 ac (209,088 SF)
Zoning code
TMU
APN
2S101AC-01600
UPID
US71-0126337
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
-
Medical Thermography NW Medical Clinic
-
Lash Out Esthetics Hair Salon Nail Salon
-
The Qi Spot Health Gym & Fitness Center Alternative Medicine Practice
-
Alpha Counseling Associates Foster Care Service Social Service Agency
-
Gemini Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.81M
Blend (final)
Blend
$14.81M
Owner & transaction history
John And Ginger Niemeyer Foundation
John And Ginger Niemeyer Foundation
since 2025
3 recorded transactions
Zoning & alternative use
TMU · 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
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)
$24,475,000
Current use
OFFICE BUILDING
$24,360,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$22,410,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$14.81M
Range $13.33M – $16.29M · ±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
$176 / 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
$104,538
Tax year 2023
Assessed value
$5,938,990
Assessed 2023
Previous assessed
$5,766,010
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$6,311,840
Improvement market value
$4,361,630
Total market value
$10,673,470
Applied tax rate
23.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1974
Heating
NONE
Total area
84,292 SF
Lot
4.8 ac (209,088 SF)
Zoning code
TMU
APN
2S101AC-01600
UPID
US71-0126337
Jurisdiction
WASHINGTON
Zoning & alternative use
TMU · Portland, OR
Zoning TMU · permitted uses
TMU · 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
COMMERCIAL (GENERAL) Current
Est. value
$24.5M
OFFICE BUILDING
Est. value
$24.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
NONE
Lot
4.8 ac
Current owner
From public records · entity-resolved
John And Ginger Niemeyer Foundation
Individual
Free & Clear · 0 yrs held
Mailing address
15 82ND DR STE #210, GLADSTONE, OR 97027-2552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
John And Ginger Niemeyer Foundation
John Niemeyer
Deed
—
Jan 1, 1991
$2,800,000
John Neimeyer
Unknown
Grant Deed
—
May 29, 1990
$148,000
Dean W Smith
Sierra,telcom Se
Grant Deed
$111,000 · Us Bank Of Oregon
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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