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Property profile & analytics
OFF-MARKET
Estimated value
$5,550,000
Warehouses
802 199th Ave, Portland, OR 97233-5802
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0355035
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
28,535 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LI
APN
1S3E05AA 02100
UPID
US71-0355035
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
-
Northwest Automated Machining Industrial Manufacturer Production Facility
-
Precision Plumbing Products Industrial Manufacturer Production Facility
-
JL Industries Industrial Manufacturer Production Facility
-
Cascade Precision Molding Industrial Manufacturer Production Facility
-
Precision Hydronic Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.55M
Blend (final)
Blend
$5.55M
Owner & transaction history
Banc Properties LLC · 20 yrs held
Banc Properties LLC
since 2006
7 recorded transactions
Zoning & alternative use
LI · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.7M
+49.6%
Medical building
$8.6M
+48.0%
Office building
$8.2M
+41.6%
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
WAREHOUSE, STORAGE
$5,825,000
Current use
AUTO REPAIR, GARAGE
$8,715,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$8,620,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$8,245,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,465,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$6,905,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$5.55M
Range $5.00M – $6.11M · ±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
$194 / 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
$28,086
Tax year 2023
Assessed value
$1,611,370
Assessed 2023
Previous assessed
$1,564,440
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$216,570
Improvement market value
$2,365,850
Total market value
$2,582,420
Applied tax rate
901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
28,535 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LI
APN
1S3E05AA 02100
UPID
US71-0355035
Jurisdiction
MULTNOMAH
Zoning & alternative use
LI · Portland, OR
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.5M
RETAIL STORES
Est. value
$6.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1975
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Banc Properties LLC
Entity
Mailing address
1917 SUNBURST TER, WEST LINN, OR 97068-4805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2017
—
Jv Property Investments LLC
—
Grant Deed
related
$1,160,000 · Heritage Bk
May 15, 2009
—
Banc Properties LLC
—
Deed Of Trust
related
$1,832,440 · Bank Of America
Feb 15, 2006
$2,200,000
Banc Properties LLC
Alexander 2000 Trust
Grant Deed
related
$2,122,332 · Sterling Savings Bank
Apr 15, 2005
$93,552
Klutho Anna M Trust
Klutho William A Trust
Grant Deed
related
—
Oct 29, 2002
—
Alexander,tr
—
Deed Of Trust
related
$1,400,000 · Sterling Savings Bank
Aug 1, 1989
$1,034,000
Nicolas Et Al Alexander
Unknown
Grant Deed
—
—
—
Jv Property Investments LLC
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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