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Property profile & analytics
OFF-MARKET
Estimated value
$10,125,000
Assisted living facilities
1219 6th St Gresham, OR 97030-7348
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-1726659
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2003
Total area
51,728 SF
Lot
0.9 ac (39,329 SF)
Zoning code
DT
APN
1S3E10AB 01902
UPID
US71-1726659
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
$10.12M
Blend (final)
Blend
$10.13M
Owner & transaction history
Or4 Chestnut Lane LLC · 8 yrs held
Or4 Chestnut Lane LLC
since 2018
7 recorded transactions
Zoning & alternative use
DT · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.6M
+57.5%
Auto repair, garage
$15.3M
+54.5%
Apartment house (5+ units)
$13.6M
+37.2%
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 Gresham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gresham 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)
$9,925,000
Current use
MEDICAL BUILDING
$15,630,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,330,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,615,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$13,305,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,800,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$10.13M
Range $9.11M – $11.14M · ±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
$196 / 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
$113,138
Tax year 2023
Assessed value
$6,009,130
Assessed 2023
Previous assessed
$5,834,110
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$821,820
Improvement market value
$11,658,740
Total market value
$12,480,560
Applied tax rate
26.0000
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
2003
Heating
NONE
Stories
4
Total area
51,728 SF
Lot
0.9 ac (39,329 SF)
Zoning code
DT
APN
1S3E10AB 01902
UPID
US71-1726659
Jurisdiction
MULTNOMAH
Zoning & alternative use
DT · Gresham, OR
Zoning DT · permitted uses
DT · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gresham. 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
$9.9M
MEDICAL BUILDING
Est. value
$15.6M
AUTO REPAIR, GARAGE
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.6M
OFFICE BUILDING
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2003
Heating
NONE
Stories
4
Lot
0.9 ac
Current owner
From public records · entity-resolved
Or4 Chestnut Lane LLC
Entity
Mailing address
22 F CHEVALIER COMMERCIAL CTR 8TH WANG HOI RD XX
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2018
$6,510,876
Or4 Chestnut Lane LLC
Hcp Sh Elp3 Properties LLC
Special Warranty Deed
$45,540 · Capital One NA
Nov 13, 2012
$7,355,462
Hcp Sh Elp3 Properties LLC
Bre Of Sw Chestnut Lane LLC
Grant Deed
—
Aug 17, 2010
—
Bre Of Sw Chestnut Lane LLC
Stayton Sw Assisted Living LLC
Grant Deed
related
—
Feb 1, 2008
$210,000
Judy Lyons Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$251,000
Ackermans Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$100,000
B Cripps Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$200,000
Smiths Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$216,000
Groves Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$644,000
Johnsons Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$46,000
K Ellings Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$161,000
Rehmus Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$514,000
Bordcoshs Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$71,000
Krafts Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$151,000
Okos Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$300,000
Wilcoxs Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$313,905
Seyers Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$301,000
Brauns Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$275,238
Adams Chestnut Lane LLC
Gresham Chestnut Senior Living
Warranty Deed
—
Feb 1, 2008
$6,700,000
Chestnut Senior Living Gresham
Blake Leroy J & L J Trust
Warranty Deed
$3,000,000 · Lewis & Clark Bank
Sep 28, 2007
—
Blake Leroy J
Sixth Avenue Investors LLC
Warranty Deed
related
—
Jun 23, 2006
$3,600,000
Sixth Avenue Investors LLC
Russillo,craig G
Trustees Deed
$2,800,000 · Red Mortgage Capital INC
—
—
Chestnut Senior Living Gresham
—
Deed Of Trust
related
$2,025,000 · Lewis & Clark Bank
—
—
Chestnut Senior Living Gresham
—
Deed Of Trust
related
—
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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