Financial
Distress signals
Property profile

8513 Syracuse St Portland, OR 97203

OFF-MARKET
Auto shops
Property ID
US71-0401209
4,200 SF 0.11 ac lot Built 1927
Last sale Jan 2026 · $1,235,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Letson Garage is a 4,200-square-foot warehouse in an urban area of Portland, Oregon, located approximately one block from the St. Johns Bridge and a few blocks from downtown St. Johns. Historically used as a private garage and automotive social club, the building includes an open main layout with a matching office space on the main floor and a one-bedroom loft upstairs, plus one full bathroom with a shower, laundry facilities, and a basic kitchen. The property is supported by recent system

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$144k
Effective rate2.65%

Value estimate

· Sep 2026
$980k
$882k – $1.08M
Sales comparison$721k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$305/SF
Submarket average, outlier-cleaned · 116 recorded sales of this use type
Observed band · Q1–Q3$172 – $495
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CN2
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Law Firm16.7
Nail Salon11.9

Location

8513 Syracuse St Portland, OR 97203-4850
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5506 Columbia, Portland, OR 97203-1956 $290,000 Aug 2023 896 SF
6237 Cecelia, Portland, OR 97203-1801 $525,000 Feb 2023 3,840 SF
9732 Taft, Portland, OR 97203-1871 $1,075,000 Mar 2022 4,920 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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