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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Investment properties
1038 Division St, Gresham, OR 97030-5432
Individually Owned
9-yr Hold
Property ID
US71-1738923
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1937
Total area
2,350 SF
Lot
0.86 ac (37,500 SF)
Zoning code
CMU
APN
1S3E09AB 00800
UPID
US71-1738923
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
$606k
Blend (final)
Blend
$605k
Owner & transaction history
Tran Tri A · 9 yrs held
Tran Tri A
since 2016
7 recorded transactions
Zoning & alternative use
CMU · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+22.1%
Auto repair, garage
$695,000
+19.8%
Office building
$605,000
+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
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
COMMERCIAL (GENERAL)
$580,000
Current use
MEDICAL BUILDING
$710,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$490,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$257 / 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
$6,618
Tax year 2023
Assessed value
$351,480
Assessed 2023
Previous assessed
$341,250
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$414,750
Improvement market value
$288,290
Total market value
$703,040
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
1937
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,350 SF
Lot
0.86 ac (37,500 SF)
Zoning code
CMU
APN
1S3E09AB 00800
UPID
US71-1738923
Jurisdiction
MULTNOMAH
Zoning & alternative use
CMU · Gresham, OR
Zoning CMU · permitted uses
CMU · 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
COMMERCIAL (GENERAL) Current
Est. value
$580,000
MEDICAL BUILDING
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$695,000
OFFICE BUILDING
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$490,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1937
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Tran Tri A
Individual
Mailing address
1038 NW DIVISION ST, GRESHAM, OR 97030-5432
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2018
—
Tran Tri A
—
Deed
related
$349,566 · Freedom Mtg
Oct 21, 2016
$465,000
Tran Tri A
Nugent,teresa
Warranty Deed
$348,750 · Stearns Lndg
Jun 5, 2014
—
Teresa Noe
Nw Financial Network INC
Quit Claim Deed
related
—
Sep 8, 2011
$479,000
Teresa Noe
Webster L & P Living Trust
Warranty Deed
$449,000 · Webster Leonard & P Tr (pt)
May 12, 2008
$615,000
Janis Zuments
Webster Leonard & P Trust
Grant Deed
—
Oct 31, 2006
$675,000
Janis Zuments
Webster L & P Living Trust
Grant Deed
—
Aug 1, 1991
$120,000
Leonard L Webster
Ragen,douglas M
Grant Deed
$84,000 · Us Bancorp Mortgage Corp
—
—
Teresa Noe
—
Loan Modification
related
$449,000 · Webster Leonard & P Tr (pt)
—
—
Tran Tri A
—
Loan Modification
related
$349,566 · Freedom Mtg
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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