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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Office Spaces
2022 Division St Gresham, OR 97030-4914
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0393617
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1922
Total area
7,812 SF
Lot
1.86 ac (81,022 SF)
Zoning code
LDR7
APN
1S3E09BB 10300
UPID
US71-0393617
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
$1.43M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.62M
Owner & transaction history
Feed Em Freedom · 1 yrs held
Feed Em Freedom
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LDR7 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+22.1%
Auto repair, garage
$2.3M
+19.8%
Apartment house (5+ units)
$2.1M
+6.4%
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 Gresham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gresham 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
$1,745,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,545,000
6.5%
$1,430,000
7%
$1,325,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,935,000
Current use
MEDICAL BUILDING
$2,360,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,315,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,055,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$2,010,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,630,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.87M (Feb 19 2025)
Last sale anchor
$1.87M
Feb 19 2025
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
$207 / 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
$6,433
Tax year 2023
Assessed value
$341,670
Assessed 2023
Previous assessed
$331,720
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$567,150
Improvement market value
$13,970
Total market value
$581,120
Applied tax rate
26.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1922
Heating
NONE
Buildings
2
Stories
2
Total area
7,812 SF
Lot
1.86 ac (81,022 SF)
Zoning code
LDR7
APN
1S3E09BB 10300
UPID
US71-0393617
Jurisdiction
MULTNOMAH
Zoning & alternative use
LDR7 · Gresham, OR
Zoning LDR7 · permitted uses
LDR7 · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gresham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1922
Heating
NONE
Stories
2
Buildings
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Feed Em Freedom
Individual
Mailing address
1118 SE 182ND AVE, PORTLAND, OR 97233-5004
Ownership since
2025
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
Feb 19, 2025
$1,870,000
Feed Em Freedom
House Of God Ministry
Warranty Deed
$1,402,500 · First Citizens Bank & Trust Co
Jun 13, 2017
$1,410,000
Home Of God Christian Church
Ayoub,bassel
Warranty Deed
$910,000 · Hadi Nouredine
Aug 31, 2016
—
Bassel Ayoub
Ayoub,bassel
Quit Claim Deed
related
—
Apr 6, 2010
$1,317,546
Bassel Ayoub
2022 Nw Division LLC
Grant Deed
related
—
Mar 5, 2009
$1,317,546
Bassel Ayoub
2022 Nw Division LLC
Warranty Deed
—
Mar 31, 2008
—
2022 Nw Division LLC
Colbert,glen E
Warranty Deed
—
—
—
Glen E Colbert
—
Deed Of Trust
related
$50,500 · Dan Jackson
—
—
Glen E Colbert
—
Deed Of Trust
related
$400,000 · Southern Pacific Bank
—
—
Glen E Colbert
—
Deed Of Trust
related
$525,000 · Mainlander Services Corp
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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