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Property profile & analytics
OFF-MARKET
Estimated value
$3,225,000
Apartment buildings
1100 Sherman St Portland, OR 97214-5269
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0916245
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
7,440 SF
Lot
0.23 ac (10,000 SF)
Zoning code
RXD
APN
1S1E02CD 12300
UPID
US71-0916245
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
-
Sherm Apartments Apartment Building
-
Spruce Apartments Apartment Building Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$3.23M
Owner & transaction history
Madden Family 1 LLC · 6 yrs held
Madden Family 1 LLC
since 2019
6 recorded transactions
Zoning & alternative use
RXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+15.7%
Retail stores
$2.4M
+8.7%
Auto repair, garage
$2.3M
+3.2%
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 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)
$2,200,000
Current use
RESTAURANT
$2,550,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$2,395,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,270,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$2,245,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,155,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$2,150,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.23M
Range $2.90M – $3.55M · ±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
$433 / 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
$57,109
Tax year 2023
Assessed value
$2,155,150
Assessed 2023
Previous assessed
$2,092,380
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,001,440
Improvement market value
$5,728,320
Total market value
$6,729,760
Applied tax rate
884.0000
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
2014
Heating
GRAVITY
Buildings
2
Stories
2
Bathrooms
3
Total area
7,440 SF
Lot
0.23 ac (10,000 SF)
Zoning code
RXD
APN
1S1E02CD 12300
UPID
US71-0916245
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, OR
Zoning RXD · permitted uses
RXD · 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
$2.2M
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2014
Heating
GRAVITY
Stories
2
Buildings
2
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Madden Family 1 LLC
Entity
Mailing address
PO BOX 96068, PORTLAND, OR 97296-6002
Ownership since
2019
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
Nov 7, 2019
—
Madden Family 1 LLC
Madden Mark R Living Trust
Quit Claim Deed
related
$3,200,000 · First Republic Bk
Aug 6, 2019
—
Mark R Madden
—
Deed
related
$7,334,650 · First Republic Bank
Jul 28, 2017
—
Mark R Madden
—
Deed
related
$3,200,000 · First Republic Bank
Apr 5, 2013
$585,000
Madden Mark R Living Trust
Draper,helen J
Warranty Deed
$423,750 · First Republic Bank
—
—
Madden,mark R Living Trust
—
Loan Modification
related
$3,200,000 · First Republic Bk
—
—
Madden,mark R Living Trust
—
Deed Of Trust
related
$1,978,000 · First Republic 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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