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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Apartment buildings
1411 Roberts Dr 1429, Gresham, OR 97080-1077
Entity Owned
8-yr Hold
Property ID
US71-0612650
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Total area
10,590 SF
Lot
1.5 ac (65,340 SF)
Zoning code
MDR-24
APN
1S3E15AA 09700
UPID
US71-0612650
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
$4.15M
Blend (final)
Blend
$4.15M
Owner & transaction history
Roberts Court Townhomes LLC · 8 yrs held
Roberts Court Townhomes LLC
since 2017
7 recorded transactions
Zoning & alternative use
MDR-24 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+35.9%
Medical building
$3.2M
+14.8%
Auto repair, garage
$3.1M
+12.6%
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 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
APARTMENT HOUSE (5+ UNITS)
$2,790,000
Current use
RESTAURANT
$3,790,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$3,200,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,140,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,015,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$2,725,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±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
$392 / 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
$42,109
Tax year 2023
Assessed value
$2,236,550
Assessed 2023
Previous assessed
$2,171,410
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$653,400
Improvement market value
$3,519,370
Total market value
$4,172,770
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Buildings
4
Stories
2
Bathrooms
63
Total area
10,590 SF
Lot
1.5 ac (65,340 SF)
Zoning code
MDR-24
APN
1S3E15AA 09700
UPID
US71-0612650
Jurisdiction
MULTNOMAH
Zoning & alternative use
MDR-24 · Gresham, OR
Zoning MDR-24 · permitted uses
MDR-24 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2005
Heating
FORCED AIR
Stories
2
Buildings
4
Bathrooms
63
Lot
1.5 ac
Current owner
From public records · entity-resolved
Roberts Court Townhomes LLC
Entity
Mailing address
1200 S BRAND BLVD #811, GLENDALE, CA 91204-2641
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2017
$3,600,000
Roberts Court Townhomes LLC
Ge Properties LLC
Warranty Deed
—
Jul 14, 2006
—
Ge Properties LLC
—
Trustees Deed
related
$125,000 · Crut Leona I G (te)
Feb 9, 2004
—
Ge Properties LLC
Heissler Edgar & Gail Tru
Warranty Deed
related
—
—
—
Roberts Court Townhomes LLC
—
Deed Of Trust
related
$1,200,000 · Jp Morgan Chase Bk
—
—
Roberts Court Townhomes LLC
—
Deed Of Trust
related
$1,500,000 · Jp Morgan Chase Bk
—
—
Ge Properties LLC
—
Deed Of Trust
related
$1,770,000 · California National Bank
—
—
Ge Properties LLC
—
Deed Of Trust
related
$1,025,000 · Pbrelf I LLC Pbrelf I LLC
—
—
Ge Properties LLC
—
Deed Of Trust
related
$1,376,000 · Imperial Capital Bank
—
—
Ge Properties LLC
—
Deed Of Trust
related
$1,550,000 · Imperial Capital Bank
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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