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Property profile & analytics
OFF-MARKET
Commercial land
7507 52nd Ave, Portland, OR 97206
Trust Owned
12-yr Hold
Free & Clear
Property ID
US71-0475511
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1958
Lot
0.17 ac (7,500 SF)
Zoning code
CN2
APN
1S2E19CA 00100
UPID
US71-0475511
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
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
Papo,diane P Trust · 12 yrs held
Papo,diane P Trust
since 2013
7 recorded transactions
Zoning & alternative use
CN2 · 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
$1,586
Tax year 2023
Assessed value
$59,850
Assessed 2023
Previous assessed
$58,110
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$129,320
Improvement market value
$18,820
Total market value
$148,140
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1958
Heating
NONE
Lot
0.17 ac (7,500 SF)
Zoning code
CN2
APN
1S2E19CA 00100
UPID
US71-0475511
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN2 · Portland, OR
Zoning CN2 · permitted uses
CN2 · 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
1958
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Papo,diane P Trust
Trust
Free & Clear · 12 yrs held
Mailing address
PO BOX 124, COLTON, OR 97017-0124
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2013
$480,000
Papo,diane P Trust
Lenske Properties LLC
Warranty Deed
—
Jan 21, 2009
—
Lenske Properties LLC
—
Deed Of Trust
related
$1,700,000 · Dewayne & Daphne J Wafford
Apr 30, 1999
$55,000
Operation Care INC
Lenske,reuben
Grant Deed
$130,000 · Macduffe Trust
Jan 15, 1997
$155,000
Restoration Community INC
Lenske,reuben
Grant Deed
$130,000 · Seller
Jul 2, 1996
—
Rueben Lenske
Chevron USA INC
Quit Claim Deed
related
—
Feb 12, 1996
—
Reuben Lenske
Mcnamee,david G
Quit Claim Deed
related
—
Jan 18, 1995
$77,830
Clay Cowden
Cowden,helen
Quit Claim Deed
related
—
—
—
Lenske Properties LLC
—
Deed Of Trust
related
$250,000 · American Equities INC
—
—
Papo,diane P Living Trust
—
Deed Of Trust
related
$231,000 · Riverview Cmnty Bk
—
—
Papo,diane P Living Trust
—
Deed Of Trust
related
$25,000 · Riverview Cmnty 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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