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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1530 Wi Ne Cleveland Ave, Gresham, OR 97030
Entity Owned
18-yr Hold
Free & Clear
Property ID
US71-1917571
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1922
Total area
856 SF
Lot
0.93 ac (40,498 SF)
Zoning code
CMF
APN
1S3E03DC 00200
UPID
US71-1917571
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Belmont Court LLC · 18 yrs held
Belmont Court LLC
since 2007
7 recorded transactions
Zoning & alternative use
CMF · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,251
Tax year 2023
Assessed value
$119,570
Assessed 2023
Previous assessed
$116,090
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$404,980
Total market value
$404,980
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1922
Heating
NONE
Bathrooms
1
Total area
856 SF
Lot
0.93 ac (40,498 SF)
Zoning code
CMF
APN
1S3E03DC 00200
UPID
US71-1917571
Jurisdiction
MULTNOMAH
Zoning & alternative use
CMF · Gresham, OR
Zoning CMF · permitted uses
CMF · 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
1922
Heating
NONE
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Belmont Court LLC
Entity
Free & Clear · 18 yrs held
Mailing address
16364 KITTY HAWK AVE, OREGON CITY, OR 97045-8246
Ownership since
2007
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
Aug 29, 2014
—
Chelsey Lane LLC
—
Grant Deed
related
$2,750,000 · Jp Morgan Chase Bank NA
Oct 25, 2007
$4,130,000
Belmont Court LLC
Ras LLC
Warranty Deed
—
Oct 25, 2007
—
Jeff Dubois
Comcast Of Illinois/ohio/oregon L
Quit Claim Deed
related
—
Jul 29, 2005
$3,750,000
Ras LLC
Jeffrey J Debois
Warranty Deed
$2,400,000 · Impac Multfamily Capital Corp
Jul 29, 2005
—
Jeffrey J Debois
Kayann LLC
Grant Deed
related
—
Jul 22, 1994
$105,000
Bettie A Bowes
Mick,richard J &
Grant Deed
—
Sep 29, 1993
—
Richard J Mick
Neely Trust
Grant Deed
related
—
Sep 1, 1991
$43,000
Richard J Mick
Unknown
Grant Deed
—
—
—
Belmont Court LLC
—
Deed Of Trust
related
$2,500,000 · Washington Federal Savings
—
—
Chelsey Lane LLC
—
Deed Of Trust
related
$3,000,000 · Jp Morgan Chase Bk
—
—
Richard J Mick
—
Deed Of Trust
related
$45,825 · Washington Mutual Fsb
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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