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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Medical Office Space
9495 Locust St, Portland, OR 97223-6683
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0718933
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
13,496 SF
Lot
0.46 ac (20,038 SF)
Zoning code
MUE-1
APN
1S126DC-04800
UPID
US71-0718933
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
-
Dr. James W. Baker, MD Physician Medical Clinic
-
Matheson Robert T MD Physician
-
Allergist Physician Medical Clinic
-
Amy Berry Physician
-
Cristina Swanson Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.95M
Owner & transaction history
Dmw LLC · 7 yrs held
Dmw LLC
since 2018
5 recorded transactions
Zoning & alternative use
MUE-1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+13.4%
Auto repair, garage
$4.1M
+1.1%
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
MEDICAL BUILDING
$4,075,000
Current use
RESTAURANT
$4,620,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,120,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$4,050,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,920,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$3,900,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,590,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±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
$292 / 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
$33,493
Tax year 2023
Assessed value
$1,942,010
Assessed 2023
Previous assessed
$1,885,450
+3.0% YoY
Effective rate
1.72%
On assessed value
Land market value
$546,680
Improvement market value
$1,697,490
Total market value
$2,244,170
Applied tax rate
23.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Total area
13,496 SF
Lot
0.46 ac (20,038 SF)
Zoning code
MUE-1
APN
1S126DC-04800
UPID
US71-0718933
Jurisdiction
WASHINGTON
Zoning & alternative use
MUE-1 · Portland, OR
Zoning MUE-1 · permitted uses
MUE-1 · 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
MEDICAL BUILDING Current
Est. value
$4.1M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1983
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Dmw LLC
Entity
Mailing address
27050 SW PETES MTN RD, WEST LINN, OR 97068-9536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 17, 2018
$3,450,000
Dmw LLC
Matheson Robert T Trust
Warranty Deed
—
Dec 14, 2010
—
Matheson Robert T Trust
Matheson,robert T
Quit Claim Deed
related
—
Jan 11, 2008
—
James W Baker
Miller,bruce
Warranty Deed
related
—
Nov 29, 1995
—
James Baker
Miller,bruce H
Grant Deed
related
—
—
—
Bruce Miller
—
Deed Of Trust
related
$925,000 · Ameritas Life Insura
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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