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Property profile & analytics
OFF-MARKET Estimated value $49,300,000
Apartment buildings

20300 Morrison Ter Gresham, OR 97030-2233

208,905 SF 10.17 ac lot Built 2004
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US71-0727927
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2004
Total area 208,905 SF
Lot 10.17 ac (443,005 SF)
Zoning code CMF
APN 1S3E04BB 08802
UPID US71-0727927
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
$41.27M
Comparable Approach Comparable
$49.10M
Blend (final) Blend
$49.30M
Owner & transaction history
Plra Gresham LLC · 9 yrs held
Plra Gresham LLC
since 2017
Last sale
$49.5M
2 recorded transactions
2017
Price N/A
2015
$32.9M
Zoning & alternative use
CMF · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

4.0412 Corridor Multi-Family (CMF).............................................................................................. 4.0400-3 4.0413 Corridor Mixed-Use (CMU) ................................................................................................ 4.0400-3 4.0414 Community Commercial (CC) ...................................................…

Zone name Corridor Multifamily
General category RESIDENTIAL
Zone area 579.95 ac
Top alternative use upside
Restaurant $74.7M +35.9%
Medical building $63.1M +14.8%
Auto repair, garage $61.9M +12.6%
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