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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Warehouses
9826 Tigard St Portland, OR 97223-5243
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0616591
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
26,270 SF
Lot
2.38 ac (103,673 SF)
Zoning code
I-P
APN
2S102BA-00304
UPID
US71-0616591
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
-
ContekPro - Modular kitchens Production Facility Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$4.88M
Owner & transaction history
Tigard Industrial LLC · 11 yrs held
Tigard Industrial LLC
since 2014
1 recorded transaction
Zoning & alternative use
I-P · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+49.6%
Medical building
$7.9M
+48.0%
Retail stores
$7.9M
+47.1%
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
WAREHOUSE, STORAGE
$5,360,000
Current use
AUTO REPAIR, GARAGE
$8,020,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$7,935,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$7,885,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,625,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$7,590,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±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
$186 / 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
$24,927
Tax year 2023
Assessed value
$1,416,140
Assessed 2023
Previous assessed
$1,374,900
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$749,040
Improvement market value
$2,688,090
Total market value
$3,437,130
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
26,270 SF
Lot
2.38 ac (103,673 SF)
Zoning code
I-P
APN
2S102BA-00304
UPID
US71-0616591
Jurisdiction
WASHINGTON
Zoning & alternative use
I-P · Portland, OR
Zoning I-P · permitted uses
I-P · 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
WAREHOUSE, STORAGE Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.9M
RETAIL STORES
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.6M
WAREHOUSE, STORAGE Current
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
2.38 ac
Current owner
From public records · entity-resolved
Tigard Industrial LLC
Entity
Mailing address
5845 JEAN RD, LAKE OSWEGO, OR 97035-5384
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2014
—
Tigard Industrial LLC
—
Grant Deed
related
$2,000,000 · Wells Fargo Bk
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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