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Property profile & analytics
OFF-MARKET
Estimated value
$21,575,000
Apartment buildings
4150 Williams Ave Portland, OR 97217-2966
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0487020
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
78,391 SF
Lot
0.79 ac (34,300 SF)
Zoning code
EXD
APN
1N1E22DA 06000
UPID
US71-0487020
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
-
The Mason Williams Apartment Building Apartment Complex
-
Lacey Aley Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.58M
Blend (final)
Blend
$21.58M
Owner & transaction history
Rujax III LLC · 14 yrs held
Rujax III LLC
since 2012
5 recorded transactions
Zoning & alternative use
EXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$31.9M
+43.2%
Restaurant
$26.8M
+20.4%
Auto repair, garage
$23.9M
+7.4%
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
APARTMENT HOUSE (5+ UNITS)
$22,290,000
Current use
COMMERCIAL (GENERAL)
$31,910,000
Change: +43% · Conversion: Moderate
RESTAURANT
$26,845,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,935,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$23,680,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$23,535,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$22,655,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$21.58M
Range $19.42M – $23.73M · ±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
$275 / 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
$190,557
Tax year 2023
Assessed value
$7,191,200
Assessed 2023
Previous assessed
$6,981,750
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$4,622,950
Improvement market value
$17,897,430
Total market value
$22,520,380
Applied tax rate
710.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Heating
NONE
Total area
78,391 SF
Lot
0.79 ac (34,300 SF)
Zoning code
EXD
APN
1N1E22DA 06000
UPID
US71-0487020
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXD · Portland, OR
Zoning EXD · permitted uses
EXD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$22.3M
COMMERCIAL (GENERAL)
Est. value
$31.9M
RESTAURANT
Est. value
$26.8M
AUTO REPAIR, GARAGE
Est. value
$23.9M
MEDICAL BUILDING
Est. value
$23.7M
RETAIL STORES
Est. value
$23.5M
OFFICE BUILDING
Est. value
$22.7M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
Year built
2013
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
Rujax III LLC
Entity
Free & Clear · 14 yrs held
Mailing address
11359 NE HALSEY ST, PORTLAND, OR 97220-2095
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2013
—
Rujax III LLC
—
Grant Deed
related
$11,900,000 · Riverview Community Bank
May 1, 2012
$1,176,176
Rujax III LLC
Oregon Assn Of Minority Entrepren
Warranty Deed
—
—
—
Rujax III LLC
—
Deed Of Trust
related
$12,400,000 · Miscellaneous Ins Co
—
—
Oregon Assn Of Minority Enterpren
—
Deed Of Trust
related
$33,500 · Michael R Sandoval
—
—
Oregon Assn Of Minority Entrepren
—
Deed Of Trust
related
$52,500 · Bank Of America
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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