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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Assisted living facilities
11740 Main St Portland, OR 97216-3958
Entity Owned
4-yr Hold
Property ID
US71-0028809
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1952
Total area
3,746 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R5A
APN
1S2E03AD 02900
UPID
US71-0028809
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
$627k
Blend (final)
Blend
$625k
Owner & transaction history
Homes With Hope LLC · 4 yrs held
Homes With Hope LLC
since 2021
7 recorded transactions
Zoning & alternative use
R5A · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$765,000
+3.5%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$740,000
Current use
WAREHOUSE, STORAGE
$765,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$167 / 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
$8,952
Tax year 2023
Assessed value
$380,860
Assessed 2023
Previous assessed
$369,770
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$197,500
Improvement market value
$553,680
Total market value
$751,180
Applied tax rate
113.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1952
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
3,746 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R5A
APN
1S2E03AD 02900
UPID
US71-0028809
Jurisdiction
MULTNOMAH
Zoning & alternative use
R5A · Portland, OR
Zoning R5A · permitted uses
R5A · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$765,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1952
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
Homes With Hope LLC
Entity
Mailing address
PO BOX 460, ESTACADA, OR 97023-0460
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
Homes With Hope LLC
Benjamin Clapa
Bargain And Sale Deed
—
Jun 29, 2017
—
Clapa,iudita Family Trust
Clapa,benjamin
Quit Claim Deed
related
—
Jan 9, 2017
—
Clapa,iudita Trust
Clapa,iudita
Quit Claim Deed
related
—
Oct 30, 2013
$340,000
Benjamin Clapa
Lacatus,ion
Warranty Deed
—
Oct 30, 2013
—
Ion Lacatus
Lacatus,reghina
Quit Claim Deed
related
—
Sep 12, 2005
—
Ion Lacatus
Lacatus,reghina
Quit Claim Deed
$246,500 · First Magnus Financial Corp
Jan 6, 2003
$228,000
Reghina Lacatus
Knight,irene K
Grant Deed
$228,000 · Capitol Commerce Mortgage Co
Nov 17, 1995
$146,000
Irene K Knight
Bob,sabin & Seneora
Grant Deed
$102,200 · Headlands Mortgage
Nov 1, 1991
$43,000
J Marc Provonsha
Scribner,douglas
Grant Deed
$38,700 · Metmor Financial INC
—
—
Irene K Knight
—
Deed Of Trust
related
$143,000 · Norwest Mortgage INC
—
—
Irene K Knight
—
Deed Of Trust
related
$11,083 · American General Finance INC
—
—
Sabin Bob
—
Deed Of Trust
related
$60,000 · Cub Funding Corp
—
—
Irene K Knight
—
Deed Of Trust
related
$100,000 · Us Bank NA Nd
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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