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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Apartment buildings
2501 Powell Blvd 2549, Gresham, OR 97030-6413
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0475867
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Total area
25,639 SF
Lot
2.08 ac (90,648 SF)
Zoning code
CMF
APN
1S3E08AD 04179
UPID
US71-0475867
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
$5.07M
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$5.32M
Owner & transaction history
Pbp Broadstone Apartments LLC · 4 yrs held
Pbp Broadstone Apartments LLC
since 2022
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
CMF · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.7M
+14.8%
Auto repair, garage
$7.6M
+12.6%
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
$4,140,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,485,000
6.5%
$5,065,000
7%
$4,705,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,750,000
Current use
MEDICAL BUILDING
$7,745,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,600,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$6,595,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,345,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±10% · vs last sale $4.49M (Jun 13 2022)
Last sale anchor
$4.49M
Jun 13 2022
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
$47,871
Tax year 2023
Assessed value
$2,542,560
Assessed 2023
Previous assessed
$2,468,510
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$634,540
Improvement market value
$5,612,090
Total market value
$6,246,630
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
25,639 SF
Lot
2.08 ac (90,648 SF)
Zoning code
CMF
APN
1S3E08AD 04179
UPID
US71-0475867
Jurisdiction
MULTNOMAH
Zoning & alternative use
CMF · Gresham, OR
Zoning CMF · permitted uses
CMF · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2008
Heating
NONE
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Pbp Broadstone Apartments LLC
Entity
Mailing address
6120 SW SHERIDAN ST, PORTLAND, OR 97225-8104
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
—
Pbp Broadstone Apartments LLC
Pbp Broadstone Apartments LLC
Intrafamily Transfer
related
$2,555,000 · Jpmorgan Chase Bank NA
Jul 14, 2014
$4,485,000
Pbp Broadstone Apartments LLC
Nbs-broadstone Apartments Opco
Warranty Deed
—
Jul 11, 2014
$4,485,000
Pbp Broadstone Apartments LLC
Nbs Broadstone Apartments Opco LLC
Warranty Deed
$3,000,000 · Jpmorgan Chase Bank NA
May 28, 2010
—
Gsl Broadstone Partners LLC
Park Place Residential LLC
Grant Deed
—
May 31, 2007
—
Park Place Residential LLC
Gsl Properties INC
Grant Deed
$4,896,000 · Sterling Savings Bank
Mar 4, 2005
$92,000
Gsl Properties INC
Powell Boulevard Associates
Warranty Deed
—
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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