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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Apartment buildings
17627 Stark St Portland, OR 97233-4539
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0590195
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Total area
5,447 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CMF
APN
1N3E31DC 04800
UPID
US71-0590195
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
$1.45M
Blend (final)
Blend
$1.45M
Owner & transaction history
Lotus Apartments LLC · 18 yrs held
Lotus Apartments LLC
since 2008
4 recorded transactions
Zoning & alternative use
CMF · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+74.0%
Auto repair, garage
$1.7M
+55.2%
Medical building
$1.6M
+53.5%
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)
$1,070,000
Current use
RESTAURANT
$1,865,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,665,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$1,645,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$1,575,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,425,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$1,320,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$266 / 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
$23,774
Tax year 2023
Assessed value
$1,363,990
Assessed 2023
Previous assessed
$1,324,270
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$466,400
Improvement market value
$2,373,800
Total market value
$2,840,200
Applied tax rate
901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1985
Heating
BASEBOARD
Buildings
4
Stories
2
Bathrooms
20
Total area
5,447 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CMF
APN
1N3E31DC 04800
UPID
US71-0590195
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
$1.1M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Heating
BASEBOARD
Stories
2
Buildings
4
Bathrooms
20
Lot
1.07 ac
Current owner
From public records · entity-resolved
Lotus Apartments LLC
Entity
Mailing address
360 NE 139TH AVE, PORTLAND, OR 97230-3317
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2008
—
Lotus Apartments LLC
Pasc,florian
Quit Claim Deed
related
—
May 29, 2003
—
Florian Pasc
Mitu,filip & Maria
Grant Deed
$780,000 · Abn Amro Mortgage Group INC
May 15, 1998
—
Alan D Christie
Christie,alan D
Quit Claim Deed
related
$630,000 · Liberty Federal Bank
Aug 7, 1995
$845,000
Alan D Christie
Safa Co
Grant Deed
—
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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