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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Investment properties
931 King Ave Portland, OR 97205-1321
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-0354609
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
11,569 SF
Lot
0.34 ac (15,000 SF)
Zoning code
RHD
APN
1N1E33CD 02600
UPID
US71-0354609
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
-
Scribe-X LLC Medical Billing Service Medical Transcription Service
-
MyTeam Medical Group
-
Cameo Seniors Network Home Health Care Service
-
Rose City Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.91M
Owner & transaction history
Wjj Holdings LLC · 9 yrs held
Wjj Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
RHD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+18.9%
Auto repair, garage
$3.5M
+6.0%
Medical building
$3.5M
+4.9%
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
COMMERCIAL (GENERAL)
$3,330,000
Current use
RESTAURANT
$3,960,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,530,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$3,495,000
Change: +5% · Conversion: Easy
RETAIL STORES
$3,475,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$3,345,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,075,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±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
$251 / 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
$33,273
Tax year 2023
Assessed value
$1,256,830
Assessed 2023
Previous assessed
$1,220,230
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$614,500
Improvement market value
$2,939,450
Total market value
$3,553,950
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
7
Total area
11,569 SF
Lot
0.34 ac (15,000 SF)
Zoning code
RHD
APN
1N1E33CD 02600
UPID
US71-0354609
Jurisdiction
MULTNOMAH
Zoning & alternative use
RHD · Portland, OR
Zoning RHD · permitted uses
RHD · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1900
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
7
Lot
0.34 ac
Current owner
From public records · entity-resolved
Wjj Holdings LLC
Entity
Mailing address
931 SW KING AVE, PORTLAND, OR 97205-1321
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2017
$2,650,000
Wjj Holdings LLC
Mlr Investment LLC
Warranty Deed
$2,655,000 · Riverview Community Bank
Jun 28, 2016
—
Mlr Investment LLC
Mlr Investments LLC
Quit Claim Deed
related
$300,000 · Thomas M Landye
Jun 14, 2013
—
Mlr Investment LLC
—
Trustees Deed
related
$334,000 · Thomas M Landye
Jun 15, 2009
—
Mlr Investments LLC
Wilcox LLC
Quit Claim Deed
related
—
Apr 8, 2009
—
Wilcox LLC
—
Trustees Deed
related
$350,000 · Carlyle Building LLC
Mar 19, 2009
—
Wilcox LLC
—
Trustees Deed
related
$67,241 · Acta LP
Jan 29, 2007
—
Wilcox LLC
—
Trustees Deed
related
$400,000 · Dan Grunewald
Jul 20, 2006
—
Wilcox LLC
—
Trustees Deed
related
$1,500,000 · Irwin Leitgeb Sojo LLC
Oct 21, 2005
—
Wilcox LLC
—
Trustees Deed
related
$1,050,000 · Clunas Funding Group INC
Dec 31, 2002
$235,000
Wilcox LLC
Moore,john C
Grant Deed
$756,750 · Columbia Community FCU
Dec 31, 2002
—
John C Moore
Wilcox LLC
Quit Claim Deed
related
—
May 2, 2002
—
Cano LLC
Cano Corp
Quit Claim Deed
related
—
Apr 10, 1998
$625,000
Wilcox LLC
Fisher Broadcasting INC
Grant Deed
$350,000 · Bank Of Vancouver
—
—
Wilcox LLC
—
Deed Of Trust
related
$461,399 · Key Bank NA
—
—
Wilcox LLC
—
Deed Of Trust
related
$450,000 · Columbia Community FCU
—
—
Mlr Investment LLC
—
Deed Of Trust
related
—
—
—
Mlr Investment LLC
—
Deed Of Trust
related
$400,000 · Chesterfield Mortgage Investor
—
—
Wilcox LLC
—
Deed Of Trust
related
$65,500 · Cardnowrg INC
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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