Entity Owned Property summary
AI-generated overview
Mellen Street Market/Quinn's Bardega is a mixed-use retail and beverage service property in Portland’s Parkside neighborhood, built in 1965 and zoned R6. The bar/lounge portion features a full-service counter with eight taps, a beer cooler, liquor shelving, a copper-top bar with seating for approximately 8–10 people, three lounge tables, and additional counter seating for approximately 6–8, along with a large garage door and a TouchTunes entertainment system. The convenience store portion is laid out with three aisles and includes a large cooler with walk-in capacity, grocery freezers, a hot box and cold box, and an ATM; it also supports sales of lottery and tobacco products and Bitcoin transactions. Food-service improvements include a pizza oven, flat-top grill, two-basket fryolator, a six-burner gas stove, a large prep station, and a sanitation station.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
1,728 SF
Lot
0.05 ac (2,152 SF)
APN
PTLD M:048 B:D024001
UPID
US42-0334500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm
-
Grocery & Convenience Store Food Market
-
Restaurant
-
Cafe & Coffee Shop
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$595k
Owner & transaction history
since 2023
Last sale
$615,000
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$480,000
+36.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$595k
Value range
$536k – $655k
±10% around blend
Estimated value / SF
$344 / SF
Confidence
High
10 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
100
$536k
blend $595k
$655k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,728 SF
Lot area
0.05 ac
Year built
1965
APN
PTLD M:048 B:D024001
Assessed value
$404,800
Annual tax
$5,833
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.16M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 2,184 SF
1.0 mi away · 1,800 SF
1.5 mi away · 1,440 SF
11.5 mi away · 1,528 SF
16.1 mi away · 2,143 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$595k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 41 sales
$203
+70%
County 86 sales
$190
+82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $344/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+36%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.00%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.00%
9.0%
NOI (est.)
$43k *
Last sale · Sep 2023
$615k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.44M
Move the market yield to see immediate price impact.
Value / SF
$830
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.50%3.00%3.50%
$39k
$1.55M
$1.29M
$1.11M
$43k
$1.72M
$1.44M
$1.23M
$47k
$1.89M
$1.58M
$1.35M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.60M
0.3 mi · Sep 2025 · $736/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,833
Tax year 2023
Assessed value
$404,800
Assessed 2023
Previous assessed
$404,800
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$219,500
Assessed improvement
$185,300
Applied tax rate
60,545.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Buildings
1
Units
1
Total area
1,728 SF
Lot
0.05 ac (2,152 SF)
APN
PTLD M:048 B:D024001
UPID
US42-0334500
Jurisdiction
PORTLAND
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Buildings
1
Units
1
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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