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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Investment properties
1516 43rd Ave Portland, OR 97215-3112
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-1810612
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1902
Total area
1,464 SF
Lot
0.04 ac (1,800 SF)
Zoning code
CM
APN
1S2E06CB 09900
UPID
US71-1810612
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
Current use
Occupant on record · Public records
-
medicine talk pro Physician Alternative Medicine Practice
-
Grosskopf Katy L Physician
-
Armonía Wellness Alternative Medicine Practice Spa & Massage Center
-
Lauren Ward-Selinger, ND Alternative Medicine Practice
-
Patricia Murphy ND, LAc Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$565k
Owner & transaction history
Reebs Gusenkov Real Estate LLC · 3 yrs held
Reebs Gusenkov Real Estate LLC
since 2023
7 recorded transactions
Zoning & alternative use
CM · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$445,000
+6.0%
Medical building
$440,000
+4.9%
Retail stores
$440,000
+4.3%
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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
COMMERCIAL (GENERAL)
$420,000
Current use
AUTO REPAIR, GARAGE
$445,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$440,000
Change: +5% · Conversion: Easy
RETAIL STORES
$440,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$425,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$386 / 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
$6,453
Tax year 2023
Assessed value
$243,520
Assessed 2023
Previous assessed
$236,430
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$230,000
Improvement market value
$413,810
Total market value
$643,810
Applied tax rate
201.0000
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
1902
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,464 SF
Lot
0.04 ac (1,800 SF)
Zoning code
CM
APN
1S2E06CB 09900
UPID
US71-1810612
Jurisdiction
MULTNOMAH
Zoning & alternative use
CM · Portland, OR
Zoning CM · permitted uses
CM · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$445,000
MEDICAL BUILDING
Est. value
$440,000
RETAIL STORES
Est. value
$440,000
OFFICE BUILDING
Est. value
$425,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1902
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Reebs Gusenkov Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1516 SE 43RD AVE, PORTLAND, OR 97215-3112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Reebs Gusenkov Real Estate LLC
Lake Oswego Natural Health LLC
Warranty Deed
—
Apr 11, 2022
—
Hai Lfish LLC
Marian Fish
Intrafamily Transfer
related
—
Aug 3, 2021
$575,000
Lake Oswego Natural Helath LLC
Laura Lee Baffes
Warranty Deed
$517,500 · Enterprise Bank & Trust
Aug 19, 2003
$239,900
Laura L Baffes
Mann,nona K
Grant Deed
$203,915 · Guild Mortgage Co
Nov 18, 1993
$69,000
Mann,nona K
Saunders,thomas
Trustees Deed
—
Nov 18, 1993
—
Saunders,thomas G
Western American
Trustees Deed
related
—
—
—
Nona K Mann
—
Deed Of Trust
related
$67,500 · Community Lending
—
—
Nona K Mann
—
Deed Of Trust
related
$26,000 · Us Bank
—
—
Nona K Mann
—
Deed Of Trust
related
$166,500 · Guild Mortgage Co
—
—
Nona K Mann
—
Deed Of Trust
related
$144,000 · Greenpoint Mortgage Funding
—
—
Mona K Mann
—
Deed Of Trust
related
$109,000 · Headlands Mortgage
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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