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Property profile & analytics
OFF-MARKET
Estimated value
$495,000
Investment properties
1024 Division St Gresham, OR 97030-5729
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-1713297
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1953
Total area
1,455 SF
Lot
0.47 ac (20,398 SF)
Zoning code
DR30
APN
1S3E10AB 00300
UPID
US71-1713297
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
$495k
Blend (final)
Blend
$495k
Owner & transaction history
Cole Magbanua · 4 yrs held
Cole Magbanua
since 2022
Last sale
$529,000
2 recorded transactions
Zoning & alternative use
DR30 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$440,000
+22.1%
Auto repair, garage
$430,000
+19.8%
Office building
$375,000
+3.9%
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
$495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$360,000
Current use
MEDICAL BUILDING
$440,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$375,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$495k
Range $446k – $545k · ±10% · vs last sale $529k (Jan 28 2022)
Last sale anchor
$529k
Jan 28 2022
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
$340 / 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
$6,170
Tax year 2023
Assessed value
$327,700
Assessed 2023
Previous assessed
$318,160
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$347,500
Improvement market value
$240,610
Total market value
$588,110
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1953
Heating
HEAT PUMP
Stories
1
Bathrooms
2
Total area
1,455 SF
Lot
0.47 ac (20,398 SF)
Zoning code
DR30
APN
1S3E10AB 00300
UPID
US71-1713297
Jurisdiction
MULTNOMAH
Zoning & alternative use
DR30 · Gresham, ORZoning DR30 · permitted uses
DR30 · Gresham, 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
COMMERCIAL (GENERAL) Current
Est. value
$360,000
MEDICAL BUILDING
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$430,000
OFFICE BUILDING
Est. value
$375,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1953
Heating
HEAT PUMP
Stories
1
Bathrooms
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Cole Magbanua
Individual
Free & Clear · 4 yrs held
Mailing address
4011 SW 22ND DR, GRESHAM, OR 97080-8379
Ownership since
2022
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
Jan 28, 2022
$529,000
Cole Magbanua
Bun Tran Sok
Warranty Deed
—
Jul 30, 2008
$284,000
Sok B Tran
Carpenter,may V
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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