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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office Spaces
7501 21st Ave Portland, OR 97211-1902
Individually Owned
5-yr Hold
Free & Clear
Property ID
US71-1906442
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Total area
2,667 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IG2H
APN
1N1E11DD 01200
UPID
US71-1906442
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
-
Western Sky Motors, LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$510k
Owner & transaction history
Orville Flowers · 5 yrs held
Orville Flowers
since 2021
Last sale
$401,905
5 recorded transactions
Zoning & alternative use
IG2H · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+6.0%
Medical building
$805,000
+4.9%
Retail stores
$800,000
+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
$405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +5% · Conversion: Easy
RETAIL STORES
$800,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$770,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $402k (Jan 13 2021)
Last sale anchor
$402k
Jan 13 2021
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
$191 / 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
$7,760
Tax year 2023
Assessed value
$282,990
Assessed 2023
Previous assessed
$274,750
+3.0% YoY
Effective rate
2.74%
On assessed value
Land market value
$180,260
Improvement market value
$706,150
Total market value
$886,410
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
2,667 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IG2H
APN
1N1E11DD 01200
UPID
US71-1906442
Jurisdiction
MULTNOMAH
Zoning & alternative use
IG2H · Portland, OR
Zoning IG2H · permitted uses
IG2H · 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
$770,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING
Est. value
$770,000
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
1979
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Orville Flowers
Individual
Free & Clear · 5 yrs held
Mailing address
10232 SE CHAMPAGNE LN, HAPPY VALLEY, OR 97086-7843
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2021
$401,905
Orville Flowers
Richard Sachse
Warranty Deed
—
Jul 25, 2014
—
Readycap Lending LLC
Cit Small Busn Lending Corp
Quit Claim Deed
related
—
Jul 25, 2014
$250,000
Orville Flowers
Readycap Lending LLC
Quit Claim Deed
related
—
Feb 6, 2014
$365,000
Cit Small Busn Lending Corp
Palomares Jesus M
Trustees Deed
related
—
Dec 27, 2006
$447,000
Hippokampos Enterprises LLC
Fairmount Financial Investment Grou
Warranty Deed
$422,000 · Cit Small Business Lending Corp
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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