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Property profile & analytics
OFF-MARKET
Estimated value
$32,045,000
Medical Office Space
9701 Barnes Rd Portland, OR 97225-6772
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0436023
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
82,117 SF
Lot
4.21 ac (183,388 SF)
Zoning code
SC-MU
APN
1S102CA-00201
UPID
US71-0436023
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
-
Rebecca Ruiz, MA, LPC, CADC I, CHC Counselor
-
Kristin Ann Venderbush, PMHNP Physician
-
Katie Snow, MSW Physician Medical Clinic
-
The Oregon Clinic Gastroenterology West at SW Barnes Rd Physician
-
Margot Herman, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.04M
Blend (final)
Blend
$32.05M
Owner & transaction history
Peterkort Centre III LLC
Peterkort Centre III LLC
2 recorded transactions
Zoning & alternative use
SC-MU · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.1M
+13.4%
Auto repair, garage
$25.1M
+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
$24,805,000
Current use
RESTAURANT
$28,120,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,075,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$24,655,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$23,735,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$23,650,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$21,835,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$32.05M
Range $28.84M – $35.25M · ±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
$390 / 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
$333,325
Tax year 2023
Assessed value
$15,772,880
Assessed 2023
Previous assessed
$15,313,480
+3.0% YoY
Effective rate
2.11%
On assessed value
Land market value
$3,202,700
Improvement market value
$19,577,400
Total market value
$22,780,100
Applied tax rate
51.0000
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
2005
Heating
NONE
Total area
82,117 SF
Lot
4.21 ac (183,388 SF)
Zoning code
SC-MU
APN
1S102CA-00201
UPID
US71-0436023
Jurisdiction
WASHINGTON
Zoning & alternative use
SC-MU · Portland, ORZoning SC-MU · permitted uses
SC-MU · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$24.8M
RESTAURANT
Est. value
$28.1M
AUTO REPAIR, GARAGE
Est. value
$25.1M
RETAIL STORES
Est. value
$24.7M
OFFICE BUILDING
Est. value
$23.7M
COMMERCIAL (GENERAL)
Est. value
$23.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.8M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Lot
4.21 ac
Current owner
From public records · entity-resolved
Peterkort Centre III LLC
Entity
Mailing address
9755 SW BARNES RD STE #620, PORTLAND, OR 97225-6657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Peterkort Centre III LLC
—
Deed Of Trust
related
$18,500,000 · Jefferson-pilot Life Insurance
—
—
Peterkort Centre III LLC
—
Deed Of Trust
related
$15,950,000 · 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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