New search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Assisted living facilities
12031 Kelly St, Portland, OR 97266-1045
Individually Owned
1-yr Hold
Property ID
US71-0726054
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1948
Total area
3,767 SF
Lot
0.21 ac (9,148 SF)
Zoning code
R5
APN
1S2E10AD 00700
UPID
US71-0726054
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
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$685k
Owner & transaction history
Gessesse Tewodros · 1 yrs held
Gessesse Tewodros
since 2024
Last sale
$685,000
7 recorded transactions
Zoning & alternative use
R5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+53.2%
Retail stores
$1.1M
+52.2%
Office building
$1.1M
+46.6%
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
$685,000
ML approach
$685,000
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)
$745,000
Current use
MEDICAL BUILDING
$1,140,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,090,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$950,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$775,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$770,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $685k (Aug 19 2024)
Last sale anchor
$685k
Aug 19 2024
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
$182 / 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
$7,067
Tax year 2023
Assessed value
$300,660
Assessed 2023
Previous assessed
$291,910
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$190,000
Improvement market value
$457,740
Total market value
$647,740
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
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1948
Heating
BASEBOARD
Stories
2
Bathrooms
5
Total area
3,767 SF
Lot
0.21 ac (9,148 SF)
Zoning code
R5
APN
1S2E10AD 00700
UPID
US71-0726054
Jurisdiction
MULTNOMAH
Zoning & alternative use
R5 · Portland, OR
Zoning R5 · permitted uses
R5 · 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
$745,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$770,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1948
Heating
BASEBOARD
Stories
2
Bathrooms
5
Lot
0.21 ac
Current owner
From public records · entity-resolved
Gessesse Tewodros
Individual
Mailing address
12031 SE KELLY ST, PORTLAND, OR 97266-1045
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 19, 2024
$685,000
Gessesse Tewodros
Magdalena Cherokee
Warranty Deed
$548,000 · United Wholesale Mortgage
Dec 28, 2000
—
Magdalena Cherokee
Ulian,ioan
Grant Deed
$162,000 · Premier
Oct 28, 1997
$114,500
Magdalena Cherokee
Schnur,thomas F & Deanna L
Grant Deed
$108,775 · Provident Savings Bank
Jul 25, 1994
—
Thomas E Schnur
Schnur,alvin W
Quit Claim Deed
related
$60,750 · Cub Funding Corp
—
—
Magdalena Cherokee
—
Deed Of Trust
related
$28,500 · Us Bank NA Nd
—
—
Magdalena Cherokee
—
Deed Of Trust
related
$40,000 · Community First Mortgage Corp
—
—
Magdalena Cherokee
—
Deed Of Trust
related
$225,250 · Union Planters National Bank
—
—
Thomas F Schnur
—
Deed Of Trust
related
$25,000 · Unicor Funding INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12031 Kelly St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
