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Property profile & analytics
FOR LEASE
Apartment buildings
750 SW 9Th Ave, Portland, OR 97214
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0407528
For Lease
1 / 8
Contact for pricing
750 SW 9Th Ave, Portland, OR 97214
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 750 SW 9th Ave in Portland, Oregon's vibrant Multnomah County (zip code 97214). The property, known as Park Avenue West, is a 30-story building offering multiple tenancy options within its 546,000 square foot structure. Currently, there are two available restaurant spaces, perfect for a variety of culinary concepts. Each space offers a minimum of 1,224 square feet and a maximum contiguous space of 1,482 square feet, with a total of 2,706 square feet currently vacant. The building's prime location provides excellent visibility and accessibility, making it an ideal spot to establish or expand a thriving restaurant business. This is a rare chance to secure space in a high-profile building in a bustling Portland neighborhood. The property's strategic location offers easy access to major transportation routes and a dense concentration of potential customers. The available spaces are adaptable and ready for immediate occupancy, presenting a unique opportunity for immediate business growth. Detailed floor plans and lease terms are available upon request. Don't miss this chance to secure your place in this thriving Portland location.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Total area
203,240 SF
Lot
0.46 ac (20,000 SF)
Zoning code
CXD
APN
1N1E34CC 70002
UPID
US71-0407528
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
-
Continuum Studios (Bike/Boat/Book/etc) Store Corporate Office
-
Pelican Furnished Suites in The Heart of Downtown Portland Hotel & Motel
-
9Pros Web Design & Marketing Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Park Avenue West Apartments Apartment Building Apartment Complex
-
Headshot Portland (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$74.43M
Blend (final)
Blend
$74.43M
Owner & transaction history
William Lee Davis · 1 yrs held
William Lee Davis
since 2024
1 recorded transaction
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$69.6M
+28.8%
Auto repair, garage
$62.1M
+14.8%
Medical building
$61.4M
+13.6%
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
APARTMENT HOUSE (5+ UNITS)
$54,035,000
Current use
RESTAURANT
$69,600,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$62,055,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$61,390,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$61,015,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$58,740,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$58,530,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$74.43M
Range $66.98M – $81.87M · ±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
$366 / 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
$722,683
Tax year 2023
Assessed value
$27,298,144
Assessed 2023
Previous assessed
$47,225,870
-42.2% YoY
Effective rate
2.65%
On assessed value
Improvement market value
$72,408,870
Total market value
$72,408,870
Applied tax rate
885.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
2017
Heating
NONE
Stories
1
Total area
203,240 SF
Lot
0.46 ac (20,000 SF)
Zoning code
CXD
APN
1N1E34CC 70002
UPID
US71-0407528
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$54.0M
RESTAURANT
Est. value
$69.6M
AUTO REPAIR, GARAGE
Est. value
$62.1M
MEDICAL BUILDING
Est. value
$61.4M
RETAIL STORES
Est. value
$61.0M
OFFICE BUILDING
Est. value
$58.7M
COMMERCIAL (GENERAL)
Est. value
$58.5M
APARTMENT HOUSE (5+ UNITS) 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
2017
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
William Lee Davis
Individual
Free & Clear · 1 yrs held
Mailing address
919 SW TAYLOR ST STE #700, PORTLAND, OR 97205-2564
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
—
William Lee Davis
Mary Ann Davis
Intrafamily Transfer
related
—
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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