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Property profile & analytics
OFF-MARKET
Estimated value
$14,480,000
Apartment buildings
1002 Mt Hood Hwy 1202, Gresham, OR 97080-9279
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-0361687
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Total area
78,704 SF
Lot
5.94 ac (258,746 SF)
Zoning code
MDR24
APN
1S3E14AB 03200
UPID
US71-0361687
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.48M
Blend (final)
Blend
$14.48M
Owner & transaction history
Hoodbrook Gresham LLC · 9 yrs held
Hoodbrook Gresham LLC
since 2017
6 recorded transactions
Zoning & alternative use
MDR24 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.8M
+14.8%
Auto repair, garage
$23.3M
+12.6%
Commercial (general)
$22.4M
+8.2%
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 Gresham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gresham 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)
$20,715,000
Current use
MEDICAL BUILDING
$23,775,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,325,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,420,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$20,245,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$14.48M
Range $13.03M – $15.93M · ±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
$184 / 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
$100,965
Tax year 2023
Assessed value
$5,362,600
Assessed 2023
Previous assessed
$5,206,410
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$2,587,460
Improvement market value
$12,336,360
Total market value
$14,923,820
Applied tax rate
26.0000
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
1981
Heating
NONE
Stories
3
Units
101
Total area
78,704 SF
Lot
5.94 ac (258,746 SF)
Zoning code
MDR24
APN
1S3E14AB 03200
UPID
US71-0361687
Jurisdiction
MULTNOMAH
Zoning & alternative use
MDR24 · Gresham, OR
Zoning MDR24 · permitted uses
MDR24 · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gresham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$23.8M
AUTO REPAIR, GARAGE
Est. value
$23.3M
COMMERCIAL (GENERAL)
Est. value
$22.4M
OFFICE BUILDING
Est. value
$20.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Year built
1981
Heating
NONE
Stories
3
Units
101
Lot
5.94 ac
Current owner
From public records · entity-resolved
Hoodbrook Gresham LLC
Entity
Mailing address
21435 SW SCHOLLS FRY RD, ALOHA, OR 97007-8736
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2017
—
Hoodbrook Gresham LLC
—
Deed
related
$4,184,000 · Walker & Dunlop
Feb 28, 2017
—
Hoodbrook Gresham LLC
Financial Pacific
Warranty Deed
$4,184,000 · Walker & Dunlop
Dec 16, 2008
—
Financial Pacific INC
Western Heritage
Warranty Deed
—
Apr 28, 1999
—
Western Heritage LP
Western Heritage
Quit Claim Deed
related
$3,030,000 · Liberty Federal Bank
—
—
Hoodbrook Gresham LLC
—
Deed Of Trust
related
$4,184,000 · Walker & Dunlop
—
—
Western Heritage
—
Deed Of Trust
related
$3,000,000 · Homestreet Bank
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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