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Property profile & analytics
OFF-MARKET
Estimated value
$10,875,000
Apartment buildings
15500 Division St 15514, Portland, OR 97236-2386
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0802920
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
68,400 SF
Lot
4.29 ac (187,003 SF)
Zoning code
R2A
APN
1S2E12AB 00100
UPID
US71-0802920
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
$10.88M
Blend (final)
Blend
$10.88M
Owner & transaction history
La Tourelle Village LLC · 18 yrs held
La Tourelle Village LLC
since 2007
5 recorded transactions
Zoning & alternative use
R2A · Portland, 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 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
Blend value · Realmo final
$10.88M
Range $9.79M – $11.96M · ±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
$159 / 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
$80,115
Tax year 2023
Assessed value
$3,555,980
Assessed 2023
Previous assessed
$3,452,410
+3.0% YoY
Effective rate
2.25%
On assessed value
Land market value
$1,869,820
Improvement market value
$8,113,310
Total market value
$9,983,130
Applied tax rate
175.0000
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
1972
Heating
NONE
Buildings
2
Stories
1
Total area
68,400 SF
Lot
4.29 ac (187,003 SF)
Zoning code
R2A
APN
1S2E12AB 00100
UPID
US71-0802920
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2A · Portland, OR
Zoning R2A · permitted uses
R2A · 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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
1
Buildings
2
Lot
4.29 ac
Current owner
From public records · entity-resolved
La Tourelle Village LLC
Entity
Mailing address
8308 NE GLISAN ST #5, PORTLAND, OR 97220-5897
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2020
—
La Tourelle Village LLC
—
Deed
related
$7,200,000 · Umpqua Bk
Jun 5, 2017
—
La Tourelle Village LLC
—
Deed
related
$5,740,000 · Upf Incorporated
Nov 19, 2007
$4,150,000
La Tourelle Village LLC
Housing Authority Of Portland
Special Warranty Deed
$3,112,000 · Washington Mutual Bank
Aug 19, 1999
—
Property Management Svcs INC
Coin Meter Co
Quit Claim Deed
related
—
—
—
La Tourelle Village LLC
—
Deed Of Trust
related
$7,200,000 · Umpqua Bk
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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