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Property profile & analytics
OFF-MARKET
Estimated value
$4,250,000
Garden apartment buildings
10941 Bush St 11041 Portland, OR 97266-2268
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0790172
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
20,208 SF
Lot
0.86 ac (37,630 SF)
Zoning code
R2A
APN
1S2E10CA 02500
UPID
US71-0790172
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
-
Rockridge Gardens Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.25M
Blend (final)
Blend
$4.25M
Owner & transaction history
Carlo Tamburrino · 5 yrs held
Carlo Tamburrino
since 2021
7 recorded transactions
Zoning & alternative use
R2A · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+28.8%
Medical building
$6.1M
+13.6%
Retail stores
$6.1M
+12.9%
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 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)
$5,375,000
Current use
RESTAURANT
$6,920,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$6,105,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$6,065,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$5,840,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,090,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.25M
Range $3.83M – $4.68M · ±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
$210 / 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
$36,628
Tax year 2023
Assessed value
$1,558,400
Assessed 2023
Previous assessed
$1,513,010
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$940,750
Improvement market value
$2,885,980
Total market value
$3,826,730
Applied tax rate
705.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
2
Stories
2
Total area
20,208 SF
Lot
0.86 ac (37,630 SF)
Zoning code
R2A
APN
1S2E10CA 02500
UPID
US71-0790172
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2A · Portland, OR
Zoning R2A · permitted uses
R2A · 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
$5.4M
RESTAURANT
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
NONE
Stories
2
Buildings
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Carlo Tamburrino
Individual
Mailing address
2220 RIDGEPOINTE CT, WALNUT CREEK, CA 94596-5774
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
Carlo Tamburrino
David Bozzone
Warranty Deed
$1,800,000 · Umpqua Bank
Jan 31, 2017
—
Carlo Tamburrino
—
Deed
related
$1,423,000 · Jpmorgan Chase Bank NA
Dec 12, 2012
—
David Bozzone
David Bozzone
Intrafamily Transfer
related
$1,350,000 · Jpmorgan Chase Bank NA
Nov 2, 2004
—
Carlo Tamburrino
—
Trustees Deed
related
$265,000 · Clunas Funding Group INC
Jun 18, 2004
—
David Bazzone
Bozzone,vicki
Quit Claim Deed
related
$740,000 · Clunas Funding Group INC
Jun 18, 2004
$1,375,000
Carlo Tamburrino
Daniell,robert L & Susan E
Warranty Deed
—
Mar 15, 2001
—
Robert Daniell
Web Service Co INC
Quit Claim Deed
related
$712,500 · First Mutual Bank
Oct 1, 1989
$595,000
Richard W Dyke
Unknown
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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