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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Investment properties
1315 4th St, Gresham, OR 97080-1209
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0720620
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1954
Total area
3,627 SF
Lot
0.16 ac (6,772 SF)
Zoning code
LDR7
APN
1S3E10DA 09100
UPID
US71-0720620
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
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
New Narrative · 2 yrs held
New Narrative
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
LDR7 · 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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jun 26 2024)
Last sale anchor
$2.40M
Jun 26 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
$662 / 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
$3,698
Tax year 2023
Assessed value
$196,390
Assessed 2023
Previous assessed
$190,670
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$295,130
Improvement market value
$309,750
Total market value
$604,880
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Stories
1
Bathrooms
3
Total area
3,627 SF
Lot
0.16 ac (6,772 SF)
Zoning code
LDR7
APN
1S3E10DA 09100
UPID
US71-0720620
Jurisdiction
MULTNOMAH
Zoning & alternative use
LDR7 · Gresham, OR
Zoning LDR7 · permitted uses
LDR7 · 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.
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Stories
1
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
New Narrative
Individual
Mailing address
8915 SW CTR ST TIGARD
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$2,400,000
New Narrative
Cognitive Enrichment Concepts LLC
Warranty Deed
$1,400,000 · Umpqua Bank
Oct 2, 2023
—
Cognitive Enrichment Concepts LLC
Betty Cornforth
Quit Claim Deed
related
—
May 12, 2022
—
Betty Cornforth
Betty Cornforth
Intrafamily Transfer
related
—
Apr 18, 2019
—
Cogitive Enrichment Concepts L
—
Deed
related
—
Jun 28, 2011
—
Cognitive Enrichment Concepts
Scott,debra
Quit Claim Deed
related
—
Apr 3, 2008
—
Debra J Scott
Cognitive Enrichment Concepts
Grant Deed
related
—
Oct 13, 2006
—
Cognitive Enrichment Concepts
Scott,leslie N
Grant Deed
$180,000 · Department Of Human Svcs
Oct 11, 1996
$13,920
Leslie N Scott
Weinmann,jo Ann
Grant Deed
$98,000 · Quality Mortgage INC
—
—
Cogitive Enrichment Concepts L
—
Loan Modification
related
—
—
—
Leslie N Scott
—
Deed Of Trust
related
$685,000 · Farnsworth Mary A Trust (tr)
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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