New search
Property profile & analytics
OFF-MARKET
Estimated value
$19,540,000
Office Spaces
811 6th Ave 819, Portland, OR 97204-1334
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0769069
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1956
Total area
110,000 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CXD
APN
1S1E03BB 02100
UPID
US71-0769069
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
-
Gensler Portland Corporate Office
-
Industrious Coworking & Hybrid Office
-
Psychological Services Connection, LLC Crisis Center Medical Clinic
-
Chase Mortgage Loan Service Bank
-
Daydream Coop Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.54M
Blend (final)
Blend
$19.54M
Owner & transaction history
Deka USA Property Four LP · 6 yrs held
Deka USA Property Four LP
since 2019
7 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$31.8M
+0.4%
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)
$31,680,000
Current use
OFFICE BUILDING
$31,790,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$29,245,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$19.54M
Range $17.59M – $21.49M · ±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
$178 / 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
$211,032
Tax year 2023
Assessed value
$7,971,400
Assessed 2023
Previous assessed
$7,739,230
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$5,955,020
Improvement market value
$18,621,120
Total market value
$24,576,140
Applied tax rate
885.0000
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
1956
Heating
NONE
Stories
11
Total area
110,000 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CXD
APN
1S1E03BB 02100
UPID
US71-0769069
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
$31.7M
OFFICE BUILDING
Est. value
$31.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.2M
COMMERCIAL (GENERAL) Current
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
1956
Heating
NONE
Stories
11
Lot
0.23 ac
Current owner
From public records · entity-resolved
Deka USA Property Four LP
Entity
Mailing address
920 SW 6TH AVE STE #375, PORTLAND, OR 97204-1242
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2019
$47,500,000
Deka USA Property Four LP
Sixth At Yam Owner LLC
Trustees Deed
$31,080,000 · Dekabank Deutsche Girozentrale
Jul 31, 2017
$28,500,000
Sixth At Yam Owner LLC
Sfi 811 Sw 6th Avenue LLC
Special Warranty Deed
$26,843,300 · Real Estate Credit Strategies Accou
Jul 24, 2014
$21,100,000
Sfi 811 Sw 6th Avenue LLC
Pli Portland LLC
Grant Deed
—
Jun 11, 2010
—
Pli Portland LLC
Horton 1992 Living Trust
Grant Deed
related
$11,500,000 · Minnesota Life Insurance Co
Feb 4, 2008
$23,050,000
Pli Portland LLC
Gateway Crestwood INC
Grant Deed
$11,500,000 · Minnesota Life Insurance Co
Jun 12, 1998
$24,150,000
Gateway Crestwood INC
Pioneer Square Associates LLC
Grant Deed
—
Dec 6, 1995
$10,250,000
Pioneer Square Associates LLC
New Morgan Park Corp
Grant Deed
$8,325,000 · Seller
—
—
Pli Portland LLC
—
Loan Modification
related
$11,218,549 · Minnesota Life Insurance Co
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?”
You own 811 6th Ave, Unit 819?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
