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Property profile & analytics
FOR SALE
Retail space
900 N Tomahawk Island Dr, Portland, OR 97217
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0533321
For Sale
1 / 2
$2,200,000
900 N Tomahawk Island Dr, Portland, OR 97217
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
15,900 SF
Lot
1.24 ac (54,014 SF)
Zoning code
CGX
APN
2N1E34CA 01600
UPID
US71-0533321
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.33M
Blend (final)
Blend
$6.33M
Owner & transaction history
503 Real Estate LLC · 13 yrs held
503 Real Estate LLC
since 2012
5 recorded transactions
Zoning & alternative use
CGX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.5M
+35.6%
Restaurant
$5.4M
+14.1%
Auto repair, garage
$4.9M
+1.7%
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
RETAIL STORES
$4,775,000
Current use
COMMERCIAL (GENERAL)
$6,470,000
Change: +36% · Conversion: Easy
RESTAURANT
$5,445,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,855,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$4,805,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$4,595,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,520,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.33M
Range $5.69M – $6.96M · ±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
$398 / 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
$49,217
Tax year 2023
Assessed value
$1,857,330
Assessed 2023
Previous assessed
$1,803,240
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,778,910
Improvement market value
$149,020
Total market value
$2,927,930
Applied tax rate
201.0000
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
For Sale
Year built
1994
Heating
NONE
Stories
1
Total area
15,900 SF
Lot
1.24 ac (54,014 SF)
Zoning code
CGX
APN
2N1E34CA 01600
UPID
US71-0533321
Jurisdiction
MULTNOMAH
Zoning & alternative use
CGX · Portland, OR
Zoning CGX · permitted uses
CGX · 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
RETAIL STORES Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$6.5M
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1994
Heating
NONE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
503 Real Estate LLC
Entity
Mailing address
PO BOX 684, BEMIDJI, MN 56619-0684
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2012
$1,525,000
503 Real Estate LLC
Zupan Properties LLC
Warranty Deed
$1,286,250 · First Bank & Trust
May 12, 2008
—
Zupan Properties LLC
Zupan,john J & Sandra J
Quit Claim Deed
—
—
—
John J Zupan
—
Deed Of Trust
related
$338,000 · Bank Of Clark County
—
—
John J Zupan
—
Deed Of Trust
related
$2,161,900 · West Coast Bank
—
—
John J Zupan
—
Deed Of Trust
related
$2,864,000 · Bank Of Clark County
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?”
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