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Property profile & analytics
OFF-MARKET
Super regional malls
9700 Washington Sq Rd Portland, OR 97223-4453
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-1203120
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1994
Total area
180,498 SF
Lot
2.49 ac (108,464 SF)
Zoning code
MUC
APN
1S126CC-00100
UPID
US71-1203120
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
-
Brandy & Melville Clothing & Fashion Store
-
Nordstrom Ebar Artisan Coffee Cafe & Coffee Shop
-
Jo Malone London Nordstrom 9700 SW Washington Sq Rd Tigard Oregon 97223 Department Store
-
Marketplace Cafe Restaurant
-
Topshop Clothing & Fashion Store
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
Ppr Washington Square LLC · 17 yrs held
Ppr Washington Square LLC
since 2008
2 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
$177,622
Tax year 2023
Assessed value
$10,671,470
Assessed 2023
Previous assessed
$10,471,600
+1.9% YoY
Effective rate
1.66%
On assessed value
Land market value
$2,723,530
Improvement market value
$7,947,940
Total market value
$10,671,470
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
1994
Heating
NONE
Total area
180,498 SF
Lot
2.49 ac (108,464 SF)
Zoning code
MUC
APN
1S126CC-00100
UPID
US71-1203120
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
1994
Heating
NONE
Lot
2.49 ac
Current owner
From public records · entity-resolved
Ppr Washington Square LLC
Entity
Mailing address
PO BOX 21045, SEATTLE, WA 98111-3045
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2008
—
Ppr Washington Square LLC
—
Deed Of Trust
related
$50,000,000 · Metropolitan Life Insurance
—
—
Ppr Washington Square LLC
—
Deed Of Trust
related
$550,000,000 · Miscellaneous Ins Co
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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