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Property profile & analytics
OFF-MARKET
Estimated value
$4,590,000
Office Spaces
8383 Sandy Blvd Portland, OR 97220-4948
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-1883419
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Total area
30,801 SF
Lot
1.49 ac (65,035 SF)
Zoning code
R2H
APN
1N2E21CB 03400
UPID
US71-1883419
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
-
Elizabeth Financial & Tax Services Tax Preparation
-
AIC Insurance Agency - Portland Sandy Insurance Agency
-
205 Business Center Business Service Center Corporate Office
-
Dr. Kathleen Vargovich Chiropractor Alternative Medicine Practice
-
Flat Cab Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.59M
Owner & transaction history
Pdx Launchpad LLC · 1 yrs held
Pdx Launchpad LLC
since 2025
7 recorded transactions
Zoning & alternative use
R2H · 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
Blend value · Realmo final
$4.59M
Range $4.13M – $5.05M · ±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
$149 / 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
$41,886
Tax year 2023
Assessed value
$2,110,670
Assessed 2023
Previous assessed
$2,049,200
+3.0% YoY
Effective rate
1.98%
On assessed value
Land market value
$1,500,900
Improvement market value
$1,519,490
Total market value
$3,020,390
Applied tax rate
6.0000
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
1980
Heating
NONE
Stories
3
Total area
30,801 SF
Lot
1.49 ac (65,035 SF)
Zoning code
R2H
APN
1N2E21CB 03400
UPID
US71-1883419
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2H · Portland, OR
Zoning R2H · permitted uses
R2H · 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
1980
Heating
NONE
Stories
3
Lot
1.49 ac
Current owner
From public records · entity-resolved
Pdx Launchpad LLC
Entity
Mailing address
PO BOX 3023, OREGON CITY, OR 97045-0391
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
$2,750,000
Pdx Launchpad LLC
205 Business Center LLC
Warranty Deed
—
Apr 16, 2018
$1,159,600
205 Business Center LLC
Gour Sandy Properties LLC
Special Warranty Deed
$530,768,885 · Northwest Community Bank
Apr 16, 2018
—
205 Business Center LLC
Four Sandy Properties LLC
Quit Claim Deed
related
—
Jun 8, 2017
—
205 Business Center LLC
—
Deed
related
$840,000 · Riverview Community Bank
Mar 9, 2016
—
205 Business Center LLC
—
Trustees Deed
related
$830,000 · Bank Of The West
Jun 19, 2013
—
West Coast Bk
Machacek,greg V
Trustees Deed
related
—
Mar 31, 2011
—
West Coast Bk
Machacek,greg V
Deed In Lieu Of Foreclosure
related
—
Aug 18, 1993
$96,700
James L Gardner
Phelps,thomas C
Grant Deed
$121,240 · Mila Investment
Apr 26, 1989
$27,500
Structures Aaa
Oregon,human
Grant Deed
$29,500
—
—
205 Business Center LLC
—
Deed Of Trust
related
$275,000 · Sandy 275 LLC
—
—
Greg V Machacek
—
Deed Of Trust
related
$1,300,000 · West Coast Bank
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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