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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Turn key restaurants
8203 Ivanhoe St Portland, OR 97203-3801
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0524988
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1905
Total area
4,024 SF
Lot
0.23 ac (9,930 SF)
Zoning code
CS
APN
1N1W12AB 06500
UPID
US71-0524988
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
-
McMenamins St. Johns Theater & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$775k
Owner & transaction history
Kennedy School INC · 28 yrs held
Kennedy School INC
since 1998
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
AUTO REPAIR, GARAGE
$1,230,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$1,215,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,165,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,160,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$193 / 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
$6,022
Tax year 2023
Assessed value
$227,270
Assessed 2023
Previous assessed
$220,660
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$381,310
Improvement market value
$405,960
Total market value
$787,270
Applied tax rate
710.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1905
Heating
NONE
Stories
1
Total area
4,024 SF
Lot
0.23 ac (9,930 SF)
Zoning code
CS
APN
1N1W12AB 06500
UPID
US71-0524988
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, OR
Zoning CS · permitted uses
CS · 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
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1905
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Kennedy School INC
Entity
Mailing address
430 N KILLINGSWORTH ST, PORTLAND, OR 97217-2441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
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
Jun 8, 2023
—
Kennedy School INC
—
Deed
related
$2,500,000 · Summit Bank
Apr 6, 2020
—
Kennedy School INC
—
Deed
related
$64,724,173 · Homestreet Bk
Jun 22, 1998
$400,000
Kennedy School INC
Salazar Trust
Grant Deed
—
Jan 1, 1989
$60,000
Sevellia A Salazar
Unknown
Grant Deed
—
—
—
Kennedy School INC
—
Deed Of Trust
related
$250,000 · Bank Of The Northwest
—
—
Kennedy School INC
—
Deed Of Trust
related
$677,725 · Umpqua Bank
—
—
Kennedy School INC
—
Deed Of Trust
related
$250,000 · Pacific Northwest Bank
—
—
Kennedy School INC
—
Deed Of Trust
related
$64,724,173 · Homestreet 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.
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