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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Office Spaces
8060 Pfaffle St Ste 110, Portland, OR 97223-8489
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-0928021
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Total area
10,199 SF
Zoning code
C-P
APN
1S136CD-90011
UPID
US71-0928021
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
$3.26M
Blend (final)
Blend
$3.26M
Owner & transaction history
G3 Leasing LLC · 19 yrs held
G3 Leasing LLC
since 2007
6 recorded transactions
Zoning & alternative use
C-P · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+18.0%
Auto repair, garage
$3.1M
+5.2%
Medical building
$3.1M
+4.0%
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)
$2,960,000
Current use
RESTAURANT
$3,495,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,115,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$3,080,000
Change: +4% · Conversion: Easy
RETAIL STORES
$3,060,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$2,950,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,710,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±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
$320 / 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
$26,538
Tax year 2023
Assessed value
$1,507,650
Assessed 2023
Previous assessed
$1,463,740
+3.0% YoY
Effective rate
1.76%
On assessed value
Improvement market value
$2,328,970
Total market value
$2,328,970
Applied tax rate
23.0000
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
2002
Heating
NONE
Total area
10,199 SF
Zoning code
C-P
APN
1S136CD-90011
UPID
US71-0928021
Jurisdiction
WASHINGTON
Zoning & alternative use
C-P · Portland, OR
Zoning C-P · permitted uses
C-P · 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
$3.0M
RESTAURANT
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2002
Heating
NONE
Current owner
From public records · entity-resolved
G3 Leasing LLC
Entity
Mailing address
8060 SW PFAFFLE ST STE #200, TIGARD, OR 97223-8489
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2018
—
D & B Property Leasing LLC
—
Deed
related
$3,850,000 · Wells Fargo Bk
Nov 29, 2007
—
G3 Leasing LLC
—
Deed Of Trust
related
$3,040,000 · Bank Of America
Jun 14, 2007
$3,725,000
G3 Leasing LLC
Cpd LLC
Warranty Deed
—
Jun 23, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$1,400,000 · Umpqua Bank
—
—
G3 Leasing LLC
—
Deed Of Trust
related
$2,100,000 · Wells Fargo Bk
—
—
D & B Property Leasing LLC
—
Deed Of Trust
related
$3,850,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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