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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Investment properties
7738 31st Ave Portland, OR 97219-2420
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US71-0167710
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
1,751 SF
Lot
0.12 ac (5,016 SF)
Zoning code
R5
APN
1S1E20DB 00200
UPID
US71-0167710
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
$754k
Blend (final)
Blend
$755k
Owner & transaction history
Lisa A Benitez · 21 yrs held
Lisa A Benitez
since 2005
7 recorded transactions
Zoning & alternative use
R5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+6.0%
Medical building
$530,000
+4.9%
Retail stores
$525,000
+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
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)
$505,000
Current use
AUTO REPAIR, GARAGE
$535,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: +5% · Conversion: Easy
RETAIL STORES
$525,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$505,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$431 / 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
$8,633
Tax year 2023
Assessed value
$326,080
Assessed 2023
Previous assessed
$316,590
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$273,750
Improvement market value
$355,810
Total market value
$629,560
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Stories
1
Bathrooms
3
Total area
1,751 SF
Lot
0.12 ac (5,016 SF)
Zoning code
R5
APN
1S1E20DB 00200
UPID
US71-0167710
Jurisdiction
MULTNOMAH
Zoning & alternative use
R5 · Portland, OR
Zoning R5 · permitted uses
R5 · 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
$505,000
AUTO REPAIR, GARAGE
Est. value
$535,000
MEDICAL BUILDING
Est. value
$530,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING
Est. value
$505,000
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
1920
Heating
FORCED AIR
Stories
1
Bathrooms
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lisa A Benitez
Individual
Mailing address
7738 SW 31ST AVE, PORTLAND, OR 97219-2420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
May 6, 2005
$22,000
Lisa A Benitez
Mages,neil M
Grant Deed
—
May 20, 2002
—
Neil M Mages
Benitez,rudolph P
Grant Deed
$158,400 · Homecomings Financial Network
Aug 10, 2000
$171,000
Neil M Mages
Pesek,robert A & M C
Grant Deed
$166,105 · Mortgage Market
Nov 21, 1996
$162,500
Robert A Pesek
Davis,dwight D & Wendy N
Grant Deed
$130,000 · Bank Of America Fsb
Aug 1, 1989
$55,000
Dwight D Davis
Unknown
Grant Deed
—
—
—
Lisa A Benitez
—
Deed Of Trust
related
$50,000 · Usaa Fsb
—
—
Robert A Pesek
—
Deed Of Trust
related
$26,000 · Us Bank
—
—
Dwight D Davis
—
Deed Of Trust
related
$49,100 · Washington Mutual Fsb
—
—
Neil M Mages
—
Deed Of Trust
related
$29,700 · Wells Fargo Bank
—
—
Neil M Mages
—
Deed Of Trust
related
$57,000 · Wells Fargo Bank
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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