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Property profile & analytics
OFF-MARKET
Retail space
824 Wi Nw 18th Ave Portland, OR 97209
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US71-0221350
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Lot
0.18 ac (8,000 SF)
Zoning code
EXD
APN
1N1E33AC 05500
UPID
US71-0221350
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
-
Ferguson Bath, Kitchen & Lighting Gallery Kitchen & Bath Showroom Furniture & Home Goods
-
BC CPA & Consulting Accounting Firm Tax Preparation
-
SellMax Cash For Cars Car Dealership
-
The Groom Shop PDX Pet Grooming Service
-
Butler Brokers Inc., Commercial Real Estate Brokerage Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Home Shops On 18th LLC · 11 yrs held
Home Shops On 18th LLC
since 2014
6 recorded transactions
Zoning & alternative use
EXD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,493
Tax year 2023
Assessed value
$207,470
Assessed 2023
Previous assessed
$201,430
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,538,400
Total market value
$2,538,400
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
NONE
Lot
0.18 ac (8,000 SF)
Zoning code
EXD
APN
1N1E33AC 05500
UPID
US71-0221350
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, OR
Zoning EXD · permitted uses
EXD · 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.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Home Shops On 18th LLC
Entity
Mailing address
111 SW COLUMBIA ST STE #1380, PORTLAND, OR 97201-5845
Ownership since
2014
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
May 2, 2016
—
Home Shops On 18th LLC
—
Deed
related
$3,250,000 · Miscellaneous Ins Co
Dec 12, 2014
$5,450,000
Home Shops On 18th LLC
Metro West Holdings Vii LLC
Grant Deed
$3,195,012 · Wells Fargo Bk N #2006-c4 (ce)
Jun 10, 2004
$2,020,000
Metro Holdings West Vii LLC
Frey,david L & Elaine M
Warranty Deed
related
$1,081,848 · David L & Elaine M Frey
Apr 19, 2001
$1,650,000
David L Frey
Bit-tel Investments LLC
Grant Deed
$1,237,500 · Wells Fargo Bank
—
—
Metro Holdings West Vii LLC
—
Deed Of Trust
related
$3,600,000 · Lasalle National Bank
—
—
Home Shops On 18th LLC
—
Deed Of Trust
related
$3,250,000 · Miscellaneous Ins 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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