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Property profile & analytics
OFF-MARKET
Investment properties
2436 87th Ave Portland, OR 97216-2010
Individually Owned
21-yr Hold
Absentee Owner
Property ID
US71-0089191
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Total area
1,344 SF
Lot
0.38 ac (16,617 SF)
Zoning code
CN2
APN
1S2E04CC 02100
UPID
US71-0089191
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
Current use
Occupant on record · Public records
-
Happiness AFH LLC Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nita C Cheung · 21 yrs held
Nita C Cheung
since 2004
7 recorded transactions
Zoning & alternative use
CN2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,405
Tax year 2023
Assessed value
$203,980
Assessed 2023
Previous assessed
$198,040
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$387,500
Improvement market value
$203,610
Total market value
$591,110
Applied tax rate
846.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1947
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
1,344 SF
Lot
0.38 ac (16,617 SF)
Zoning code
CN2
APN
1S2E04CC 02100
UPID
US71-0089191
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN2 · Portland, OR
Zoning CN2 · permitted uses
CN2 · 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.
Building & site characteristics
From public records
Year built
1947
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Nita C Cheung
Individual
Mailing address
8733 SE DIVISION ST STE #201, PORTLAND, OR 97266-1470
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
—
87th Spring LLC
—
Deed
related
$402,000 · Certain Lndg INC
Mar 21, 2019
—
87th Spring LLC
—
Deed
related
$300,000 · Private Individual
Oct 13, 2004
$200,850
Nita C Cheung
Lopez,kirsten
Warranty Deed
$160,680 · First Mutual Bank
Jul 12, 2002
—
Kirsten Lopez
Porter,dawn M
Grant Deed
$68,000 · Portland Postal Emp Cu
Apr 7, 1995
$55,000
Kirsten A Lopez
Stone,clifford L & Nancy L
Grant Deed
$53,350 · Bank Of America Oregon
—
—
87th Spring LLC
—
Deed Of Trust
related
$300,000 · Private Individual
—
—
Kirsten A Lopez
—
Deed Of Trust
related
$15,463 · Green Tree Financial Corp
—
—
Clifford L Stone
—
Deed Of Trust
related
$13,900 · Unknown
—
—
87th Spring LLC
—
Deed Of Trust
related
$402,000 · Certain Lndg INC
—
—
Kirsten Rosales
—
Deed Of Trust
related
$18,486 · Portland Postal Emp Cu
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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