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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Assisted living facilities
1819 117th Ave Portland, OR 97216-3903
Individually Owned
2-yr Hold
Property ID
US71-0637187
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1953
Total area
3,018 SF
Lot
0.32 ac (13,800 SF)
Zoning code
R5
APN
1S2E03DB 02100
UPID
US71-0637187
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
$451k
Blend (final)
Blend
$730k
Owner & transaction history
Gregorio C Rillera · 2 yrs held
Gregorio C Rillera
since 2023
Last sale
$699,000
7 recorded transactions
Zoning & alternative use
R5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+54.8%
Medical building
$910,000
+53.2%
Retail stores
$905,000
+52.2%
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
$790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$595,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$905,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$870,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$615,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $699k (Sep 15 2023)
Last sale anchor
$699k
Sep 15 2023
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
$242 / 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
$6,437
Tax year 2023
Assessed value
$273,870
Assessed 2023
Previous assessed
$265,900
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$365,000
Improvement market value
$322,440
Total market value
$687,440
Applied tax rate
113.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Stories
1
Bathrooms
5
Total area
3,018 SF
Lot
0.32 ac (13,800 SF)
Zoning code
R5
APN
1S2E03DB 02100
UPID
US71-0637187
Jurisdiction
MULTNOMAH
Zoning & alternative use
R5 · Portland, OR
Zoning R5 · permitted uses
R5 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$920,000
MEDICAL BUILDING
Est. value
$910,000
RETAIL STORES
Est. value
$905,000
OFFICE BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$870,000
WAREHOUSE, STORAGE
Est. value
$615,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1953
Heating
FORCED AIR
Stories
1
Bathrooms
5
Lot
0.32 ac
Current owner
From public records · entity-resolved
Gregorio C Rillera
Individual
Mailing address
5128 SE 48TH AVE, PORTLAND, OR 97206-4155
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
—
Gregorio C Rillera
Gregorio C Rillera
Intrafamily Transfer
related
—
Aug 6, 2021
$699,000
Gregorio C Rillera
Marius Budisan
Warranty Deed
$629,100 · Umpqua Bank
Jul 10, 1998
$210,000
Marius Budisan
Debra,pavel & Ana
Grant Deed
$168,000 · New Century Mortgage
—
—
Pavel Dobra
—
Deed Of Trust
related
$140,000 · New America Financial INC
—
—
Marius Budisan
—
Deed Of Trust
related
$26,000 · Us Bank NA
—
—
Marius Budisan
—
Deed Of Trust
related
$217,520 · Capitol Commerce Mortgage Co
—
—
Marius Budisan
—
Deed Of Trust
related
$100,000 · Portland Onized FCU
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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