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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Turn key restaurants
1230 Cleveland Ave, Gresham, OR 97030-5736
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0454486
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
10,410 SF
Lot
1.21 ac (52,882 SF)
Zoning code
GC
APN
1S3E03DC 01000
UPID
US71-0454486
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
$5.21M
Blend (final)
Blend
$3.76M
Owner & transaction history
Hinshaw Dev LLC · 5 yrs held
Hinshaw Dev LLC
since 2020
Last sale
$3.6M
5 recorded transactions
Zoning & alternative use
GC · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,005,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,725,000
Current use
MEDICAL BUILDING
$3,145,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,085,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±10% · vs last sale $3.64M (Aug 27 2020)
Last sale anchor
$3.64M
Aug 27 2020
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
$361 / 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
$44,901
Tax year 2023
Assessed value
$2,384,830
Assessed 2023
Previous assessed
$2,315,370
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$860,420
Improvement market value
$2,062,270
Total market value
$2,922,690
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
10,410 SF
Lot
1.21 ac (52,882 SF)
Zoning code
GC
APN
1S3E03DC 01000
UPID
US71-0454486
Jurisdiction
MULTNOMAH
Zoning & alternative use
GC · Gresham, OR
Zoning GC · permitted uses
GC · 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
RESTAURANT Current
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1978
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Hinshaw Dev LLC
Entity
Mailing address
1230 NE CLEVELAND AVE, GRESHAM, OR 97030-5736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
$3,638,866
Hinshaw Dev LLC
Eklund D B & M P F/tr
Grant Deed
$3,638,866 · Eklund D B & M P F/tr (pt)
Jun 3, 2020
—
Eklund Family Trust
Eklund Family Trust
Quit Claim Deed
related
—
Oct 17, 2016
—
Eklund Family Trust
Eklund,donald B & Marie P
Quit Claim Deed
related
—
Jul 1, 2009
—
Donald B Eklund
Eklund,donald B & Marie P
Quit Claim Deed
related
—
Jul 30, 2008
—
Donald B Eklund
Eklund Dev
Quit Claim Deed
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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