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Property profile & analytics
FOR SALE
Turn key restaurants
9225 SW Allen Blvd, Portland, OR 97223
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1890163
For Sale
1 / 2
$2,350,000
9225 SW Allen Blvd, Portland, OR 97223
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Total area
7,008 SF
Lot
0.88 ac (38,333 SF)
Zoning code
NS
APN
1S123AC-00500
UPID
US71-1890163
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
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Birch 1 Investments LLC · 3 yrs held
Birch 1 Investments LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
NS · 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
$1,780,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,400,000
Current use
AUTO REPAIR, GARAGE
$2,140,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$2,115,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$2,105,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,035,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$2,025,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.58M (Apr 12 2023)
Last sale anchor
$1.58M
Apr 12 2023
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
$235 / 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
$25,586
Tax year 2023
Assessed value
$1,236,730
Assessed 2023
Previous assessed
$1,200,710
+3.0% YoY
Effective rate
2.07%
On assessed value
Land market value
$842,100
Improvement market value
$576,840
Total market value
$1,418,940
Applied tax rate
51.0000
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
For Sale
Year built
1979
Heating
NONE
Total area
7,008 SF
Lot
0.88 ac (38,333 SF)
Zoning code
NS
APN
1S123AC-00500
UPID
US71-1890163
Jurisdiction
WASHINGTON
Zoning & alternative use
NS · Portland, OR
Zoning NS · permitted uses
NS · 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
RESTAURANT Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1979
Heating
NONE
Lot
0.88 ac
Current owner
From public records · entity-resolved
Birch 1 Investments LLC
Entity
Mailing address
6990 SW CANBY ST, PORTLAND, OR 97223-9495
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 12, 2023
$1,580,000
Birch 1 Investments LLC
9225 Allen LLC
Warranty Deed
$1,556,000 · Pacific Western National Bank
May 21, 2013
—
9225 Allen LLC
Chen,john
Grant Deed
$694,946 · Banner Bank
Jan 13, 2006
—
Mohammad Baradar
Baradar,roya
Quit Claim Deed
related
—
Jan 12, 2006
$1,287,500
John Chen
Samander Ents LLC
Warranty Deed
$800,000 · Clackamas County Bank
Dec 28, 2005
$1,200,000
John Chen
Samander Ents LLC
Grant Deed
—
Apr 16, 1993
$660,000
Fred Harter
Unknown
Grant Deed
—
—
—
Yim S Chan
—
Deed Of Trust
related
$800,000 · Clackamas County Bank
—
—
Yim S Chan
—
Deed Of Trust
related
$800,000 · Clackamas County 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.
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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