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Property profile & analytics
OFF-MARKET
Estimated value
$10,405,000
Hotels
9575 Locust St, Portland, OR 97223-6677
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0881039
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Total area
33,555 SF
Lot
0.87 ac (37,897 SF)
Zoning code
MUE-1
APN
1S126DC-04700
UPID
US71-0881039
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
-
DoubleTree by Hilton Hotel Portland - Tigard Hotel & Motel
-
Premium Parking - P6001 Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.41M
Owner & transaction history
Nht Tigard LLC · 8 yrs held
Nht Tigard LLC
since 2018
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
MUE-1 · 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
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
RESTAURANT
$11,490,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,245,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$10,135,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$10,075,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,740,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$9,700,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$10.41M
Range $9.36M – $11.45M · ±10% · vs last sale $10.40M (Apr 18 2024)
Last sale anchor
$10.40M
Apr 18 2024
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
$310 / 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
$37,214
Tax year 2023
Assessed value
$2,259,680
Assessed 2023
Previous assessed
$1,620,350
+39.5% YoY
Effective rate
1.65%
On assessed value
Land market value
$1,086,820
Improvement market value
$1,172,860
Total market value
$2,259,680
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Heating
NONE
Total area
33,555 SF
Lot
0.87 ac (37,897 SF)
Zoning code
MUE-1
APN
1S126DC-04700
UPID
US71-0881039
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
RESTAURANT
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$10.1M
RETAIL STORES
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.7M
OFFICE BUILDING
Est. value
$9.7M
RESTAURANT
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
Heating
NONE
Lot
0.87 ac
Current owner
From public records · entity-resolved
Nht Tigard LLC
Entity
Mailing address
300 CRES CT STE #700, DALLAS, TX 75201-7849
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Param Tigard LLC
—
Deed
related
$9,317,500 · Coastal Community Bank
May 4, 2018
$10,166,000
Nht Tigard LLC
Pih Tigard LLC
Trustees Deed
$55,000,000 · Acrc Lender
Sep 15, 2011
—
Pih Tigard LLC
—
Deed Of Trust
related
$63,000,000 · Bank Of America
Apr 3, 2006
—
Pih Tigard LLC
Phoenix Inns LLC
Grant Deed
$68,150,000 · Merrill Lynch Mortgage Lending
Dec 31, 1997
—
Phoenix Inns LLC
Vip Motor Inns INC
Grant Deed
$2,925,000 · Secore Financial Corp
Dec 30, 1994
—
Vips Motor Inns INC
Vips Industries INC
Quit Claim Deed
related
$2,400,000 · Us National Bank Oregon
Sep 29, 1989
$495,000
Seafirst Corp Corporate Re
Unknown
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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