12110 Burnside St Portland, OR 97216-3792
Apartment buildings
Google Maps
Entity Owned
2-yr Hold
~
Est. High Equity
For Sale
1 / 16
Contact for pricing
12110 Burnside St, Portland, OR 97216-3792
View Listing →
Estimated value (blended)
$10.07M
Range $9.06M – $11.07M (±10%)
Implied cap rate
5.90%
In-place · NOI ÷ last sale
Property ID
US71-0616145
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Total area
46,526 SF
Lot
0.43 ac (18,559 SF)
Zoning code
CX
APN
1N2E34DD 00200
UPID
US71-0616145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.19M
Comparable Approach
Comparable
$7.40M
Blend (final)
Blend
$10.07M
Owner & transaction history
since 2023
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
CX · Portland, OR
Zoning description
The Central Commercial (CX) zone is intended to provide for commercial and mixed use development within Portland's most urban and intense areas, specifically the Central City and the Gateway Regional Center. A broad rang…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$10.07M
Value range
$9.06M – $11.07M
±10% around blend
Estimated value / SF
$216 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
20
$9.06M
blend $10.07M
$11.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
46,526 SF
Lot area
0.43 ac
Year built
2005
Stories
1
APN
1N2E34DD 00200
Assessed value
$2,576,490
Annual tax
$60,557
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.19M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.96M
@ 6.5% CAP return
$9.19M
@ 7% CAP return
$8.54M
4
Sales comparison
Partial preview
Sales approach indication
$7.40M
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 440 sales
$266
-19%
County 456 sales
$263
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $216/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.90%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.90%
9.0%
NOI (est.)
$552k *
Last sale · Aug 2023
$7.89M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.36M
Move the market yield to see immediate price impact.
Value / SF
$201
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.40%5.90%6.40%
$497k
$9.21M
$8.43M
$7.77M
$552k
$10.23M
$9.36M
$8.63M
$608k
$11.25M
$10.30M
$9.49M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,557
Tax year 2023
Assessed value
$2,576,490
Assessed 2023
Previous assessed
$2,501,450
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$783,200
Improvement market value
$5,907,980
Total market value
$6,691,180
Applied tax rate
113.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
2005
Heating
GRAVITY
Stories
1
Bathrooms
1
Total area
46,526 SF
Lot
0.43 ac (18,559 SF)
Zoning code
CX
APN
1N2E34DD 00200
UPID
US71-0616145
Jurisdiction
MULTNOMAH
Zoning & alternative use
CX · Portland, ORZoning CX · permitted uses
CX · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Central Commercial (CX) zone is intended to provide for commercial and mixed use development within Portland's most urban and intense areas, specifically the Central City and the Gateway Regional Center. A broad rang…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
GRAVITY
Stories
1
Bathrooms
1
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CX
MIXED_USE
Jurisdiction
Portland, OR
Recorded code
CX
Official district
CX
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CX in Portland, OR.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
