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Property profile & analytics
OFF-MARKET Estimated value $4,960,000
Garden apartment buildings

23900 Stark St Gresham, OR 97030-3157

86,680 SF 4.79 ac lot Built 1990
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US71-0086968
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1990
Total area 86,680 SF
Lot 4.79 ac (208,652 SF)
Zoning code CMF
APN 1S3E03A 00400
UPID US71-0086968
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
$19.55M
Blend (final) Blend
$4.96M
Owner & transaction history
Sunpointe LLC · 23 yrs held
Sunpointe LLC
since 2002
6 recorded transactions
2002
$495,000
1993
$93,000
1990
$71,800
1969
Price N/A
1969
Price N/A
1969
Price N/A
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 $31.0M +35.9%
Medical building $26.2M +14.8%
Auto repair, garage $25.7M +12.6%
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