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Property profile & analytics
OFF-MARKET
Super regional malls
9400 Washington Sq Rd Portland, OR 97223
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0170898
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1974
Total area
242,505 SF
Lot
13.49 ac (587,624 SF)
Zoning code
MUC
APN
1S126CB-00500
UPID
US71-0170898
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
by Request
Owner & transaction history
Macys Mall Real Este Ll · 6 yrs held
Macys Mall Real Este Ll
since 2020
4 recorded transactions
Zoning & alternative use
MUC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$433,284
Tax year 2023
Assessed value
$26,031,530
Assessed 2023
Previous assessed
$27,324,000
-4.7% YoY
Effective rate
1.66%
On assessed value
Land market value
$14,755,240
Improvement market value
$11,276,290
Total market value
$26,031,530
Applied tax rate
50.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1974
Heating
NONE
Total area
242,505 SF
Lot
13.49 ac (587,624 SF)
Zoning code
MUC
APN
1S126CB-00500
UPID
US71-0170898
Jurisdiction
WASHINGTON
Zoning & alternative use
MUC · Portland, ORZoning MUC · permitted uses
MUC · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Lot
13.49 ac
Current owner
From public records · entity-resolved
Macys Mall Real Este Ll
Individual
Free & Clear · 6 yrs held
Mailing address
300 N LA SALLE DR, CHICAGO, IL 60654-3406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2020
$131,000
Macys Mall Real Este Ll
Macys West Stores LLC
Grant Deed
related
—
Jun 9, 2020
—
Macy S Mall Real Estate LLC
Macy S West Stores LLC
Special Warranty Deed
—
Jan 18, 2006
—
Macys Department Stores INC
Federated Retail Holdings INC
Grant Deed
related
—
—
—
Macys West Stores INC
—
Deed Of Trust
related
$15,000,000 · West 34th Street Insurance Company West 34th Street Insurance Company
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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