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Property profile & analytics
OFF-MARKET
Estimated value
$9,420,000
Apartment buildings
17062 Halsey St Portland, OR 97230-6176
Entity Owned
11-yr Hold
Free & Clear
Property ID
US71-0403504
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
FRAME
Total area
41,880 SF
Lot
2.12 ac (92,347 SF)
Zoning code
CMF
APN
1N3E30CD 05800
UPID
US71-0403504
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
-
Halsey Summit Apartments Apartment Complex
-
Custom kydex holsters for most factory models Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$9.42M
Owner & transaction history
Halsey Summit Apts One LLC|halsey Summit Apts Two · 11 yrs held
Halsey Summit Apts One LLC|halsey Summit Apts Two
since 2015
5 recorded transactions
Zoning & alternative use
CMF · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.3M
+28.8%
Auto repair, garage
$12.8M
+14.8%
Medical building
$12.7M
+13.6%
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 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
APARTMENT HOUSE (5+ UNITS)
$11,135,000
Current use
RESTAURANT
$14,340,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,790,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$12,650,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$12,575,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$12,105,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,060,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$9.42M
Range $8.48M – $10.36M · ±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
$225 / 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
$60,235
Tax year 2023
Assessed value
$3,455,810
Assessed 2023
Previous assessed
$3,355,160
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$923,470
Improvement market value
$7,469,280
Total market value
$8,392,750
Applied tax rate
402.0000
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
1970
Construction
FRAME
Heating
NONE
Stories
2
Units
62
Total area
41,880 SF
Lot
2.12 ac (92,347 SF)
Zoning code
CMF
APN
1N3E30CD 05800
UPID
US71-0403504
Jurisdiction
MULTNOMAH
Zoning & alternative use
CMF · Portland, OR
Zoning CMF · permitted uses
CMF · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.1M
RESTAURANT
Est. value
$14.3M
AUTO REPAIR, GARAGE
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$12.7M
RETAIL STORES
Est. value
$12.6M
OFFICE BUILDING
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1970
Construction
FRAME
Heating
NONE
Stories
2
Units
62
Lot
2.12 ac
Current owner
From public records · entity-resolved
Halsey Summit Apts One LLC|halsey Summit Apts Two
Entity
Free & Clear · 11 yrs held
Mailing address
7831 SE LK RD STE #200, MILWAUKIE, OR 97267-2193
Ownership since
2015
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
Jan 28, 2015
—
Halsey Summit Apts One LLC|halsey Summit Apts Two
Cozzo Family Trust
Grant Deed
—
Jan 12, 2015
$4,600,000
Scott Cozzo
Halsey Summit Properties LLC
Warranty Deed
$3,450,000 · Jpmorgan Chase Bank NA
Dec 13, 2005
—
Halsey Summit Properties LLC
Garcia,carlos J
Warranty Deed
—
Oct 13, 2005
—
Carlos J Garcia
Sunnyhill Village LLC
Warranty Deed
$2,400,000 · Lasalle National Bank
May 16, 2002
$2,025,000
Sunnyhill Village LLC
Koury Family LP
Grant Deed
$1,522,500 · Centennial 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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