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Property profile & analytics
FOR SALE
Apartment buildings
19109 SE Yamhill St Portland, OR 97233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0689970
For Sale
1 / 11
$2,890,000
19109 SE Yamhill St, Portland, OR 97233
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
13,152 SF
Lot
1.14 ac (49,441 SF)
Zoning code
RTC
APN
1S3E05BA 01600
UPID
US71-0689970
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
$2.60M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.77M
Owner & transaction history
Boardman LLC · 4 yrs held
Boardman LLC
since 2021
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
RTC · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+74.0%
Auto repair, garage
$4.0M
+55.2%
Medical building
$4.0M
+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
$3,000,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,815,000
6.5%
$2,600,000
7%
$2,410,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,590,000
Current use
RESTAURANT
$4,505,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,015,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$3,975,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$3,800,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,440,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$3,185,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.05M · ±10% · vs last sale $2.65M (Sep 14 2021)
Last sale anchor
$2.65M
Sep 14 2021
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
$211 / 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
$20,366
Tax year 2023
Assessed value
$1,168,420
Assessed 2023
Previous assessed
$1,168,420
+0.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$494,420
Improvement market value
$1,548,210
Total market value
$2,042,630
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
For Sale
Year built
1978
Heating
NONE
Stories
1
Total area
13,152 SF
Lot
1.14 ac (49,441 SF)
Zoning code
RTC
APN
1S3E05BA 01600
UPID
US71-0689970
Jurisdiction
MULTNOMAH
Zoning & alternative use
RTC · Portland, OR
Zoning RTC · permitted uses
RTC · 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
$2.6M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
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
1978
Heating
NONE
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Boardman LLC
Entity
Mailing address
13500 SW PACIFIC HWY STE #58, TIGARD, OR 97223-4803
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
$2,650,000
Boardman LLC
Manymoons Property Management LLC
Warranty Deed
$2,120,000 · Sabal Capital II LLC
Sep 13, 2019
—
Manymoons Prop Mgmt LLC
—
Deed
related
$1,000,000 · Jp Morgan Chase Bk
Jun 1, 2006
—
Manymoons Property Mgmt LLC
Jacob,jon A
Grant Deed
$700,000 · Industrial-alliance Pac Life I
Nov 19, 2004
$260,500
Da Grey Ltd
Maywood Co INC
Grant Deed
—
Sep 19, 2003
$875,000
Jon A Jacob
Colbry,roger L & Suzanne
Grant Deed
$656,250 · Silver Falls Bank
Jun 1, 1998
$3,960
Maywood Co INC
Colbry,roger L & Suzanne
Grant Deed
—
—
—
Manymoons Prop Mgmt LLC
—
Deed Of Trust
related
$1,000,000 · Jp Morgan Chase Bk
—
—
Manymoons Property Mgmt LLC
—
Deed Of Trust
related
$997,500 · Jp Morgan Chase Bank NA
—
—
Jon A Jacob
—
Deed Of Trust
related
$30,000 · Oregon State Dept Of Energy
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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