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Property profile & analytics
OFF-MARKET
Hotels
722 Glisan St, Portland, OR 97209-3406
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US71-0847507
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1882
Total area
14,520 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CXD
APN
1N1E34CB 00800
UPID
US71-0847507
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
-
Harlow Hotel Cafe & Coffee Shop
-
Zebra Stripe Mural Painting
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
Harlow Parm Hotel Corp · 11 yrs held
Harlow Parm Hotel Corp
since 2014
7 recorded transactions
Zoning & alternative use
CXD · 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
$41,770
Tax year 2023
Assessed value
$1,577,781
Assessed 2023
Previous assessed
$104,500
+1,409.8% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,375,000
Improvement market value
$2,107,960
Total market value
$3,482,960
Applied tax rate
708.0000
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
1882
Heating
NONE
Stories
3
Total area
14,520 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CXD
APN
1N1E34CB 00800
UPID
US71-0847507
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
1882
Heating
NONE
Stories
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Harlow Parm Hotel Corp
Entity
Mailing address
415 SW MONTGOMERY ST, PORTLAND, OR 97201-5518
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2019
—
Harlow Param Hotel Corp
—
Deed
related
$2,074,000 · Evergreen Busn Cap
Aug 31, 2017
—
Harlow Param Hotel Corp
—
Deed
related
$4,899,471 · Lewis & Clark Bk
Oct 15, 2014
—
Harlow Parm Hotel Corp
Ganesh K Sonpatki
Warranty Deed
$3,369,685 · Lewis & Clark Bank
Dec 29, 2008
$950,000
Ganesh K Sonpatki
Old 82 LLC
Warranty Deed
$850,000 · Old 82 LLC
Aug 5, 1998
$480,000
Old 82 LLC
Bigham,t J
Quit Claim Deed
related
—
Apr 30, 1998
$480,000
Old 82 LLC
Bigham,t J
Quit Claim Deed
related
—
Jan 31, 1997
$430,000
T J Bigham
Chetwynd Stapylton INC
Grant Deed
—
—
—
Harlow Param Hotel Corp
—
Deed Of Trust
related
$2,074,000 · Evergreen Busn Cap
—
—
Harlow Param Hotel Corp
—
Loan Modification
related
$4,899,471 · Lewis & Clark Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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