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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Auto shops
9956 Ankeny St Portland, OR 97216-2316
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0026985
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Total area
2,960 SF
Lot
0.24 ac (10,300 SF)
Zoning code
EG2
APN
1N2E33DD 02600
UPID
US71-0026985
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
-
Graffiti Removal Services Painting Service Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.08M
Owner & transaction history
9956 Se Ankeny LLC · 5 yrs held
9956 Se Ankeny LLC
since 2021
4 recorded transactions
Zoning & alternative use
EG2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Employment zones implement the Mixed Employment map designation of the Comprehensive Plan. The zones allow a wide range of employment opportunities without potential conflicts from interspersed residential uses. The emphasis of the zones is on industrial, industrially related, and office uses, typically in a low rise, flex space development patte…
Zone name
General Employment 2
General category
INDUSTRIAL
Zone area
1,711.14 ac
Source
Realmo
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
AUTO REPAIR, GARAGE
$905,000
Current use
MEDICAL BUILDING
$895,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$890,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$365 / 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
$6,529
Tax year 2023
Assessed value
$277,770
Assessed 2023
Previous assessed
$269,680
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$103,000
Improvement market value
$343,780
Total market value
$446,780
Applied tax rate
712.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
2,960 SF
Lot
0.24 ac (10,300 SF)
Zoning code
EG2
APN
1N2E33DD 02600
UPID
US71-0026985
Jurisdiction
MULTNOMAH
Zoning & alternative use
EG2 · Portland, ORZoning EG2 · permitted uses
EG2 · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Employment zones implement the Mixed Employment map designation of the Comprehensive Plan. The zones allow a wide range of employment opportunities without potential conflicts from interspersed residential uses. The emphasis of the zones is on industrial, industrially related, and office uses, typically in a low rise, flex space development pattern
Zone name
General Employment 2
General category
INDUSTRIAL
Zone area
1,711.14 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$905,000
MEDICAL BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$890,000
OFFICE BUILDING
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$850,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1985
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
9956 Se Ankeny LLC
Entity
Mailing address
9956 SE ANKENY ST, PORTLAND, OR 97216-2316
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
—
9956 Se Ankeny LLC
—
Deed
related
$799,500 · Banc Of California NA
Feb 12, 2021
—
9956 Se Ankeny LLC
James Markman
Warranty Deed
$870,000 · Pacific Western National Bank
Feb 14, 2018
—
Markman,james & Carol Trust
Markman,james E & Carol A
Quit Claim Deed
related
—
May 12, 2005
$120,000
James E Markman
Markman,donald H
Grant Deed
—
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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