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Property profile & analytics
FOR LEASE
Hotels
2752 NE Hogan Dr, Gresham, OR 97030
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-0677267
For Lease
1 / 2
$11,245,000
2752 NE Hogan Dr, Gresham, OR 97030
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Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Total area
88,383 SF
Lot
3 ac (130,680 SF)
Zoning code
CC
APN
1S3E02B 01301
UPID
US71-0677267
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
$8.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.25M
Owner & transaction history
King James Investments LLC · 10 yrs held
King James Investments LLC
since 2015
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
CC · Gresham, 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 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
$10,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,920,000
6.5%
$8,235,000
7%
$7,645,000
Blend value · Realmo final
$11.25M
Range $10.12M – $12.37M · ±10% · vs last sale $11.50M (Feb 21 2025)
Last sale anchor
$11.50M
Feb 21 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
$127 / 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
$103,030
Tax year 2023
Assessed value
$5,472,250
Assessed 2023
Previous assessed
$5,312,870
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$2,977,690
Improvement market value
$11,472,950
Total market value
$14,450,640
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
Hotels
Use group
HOTEL
Status
For Lease
Year built
1998
Heating
NONE
Stories
4
Total area
88,383 SF
Lot
3 ac (130,680 SF)
Zoning code
CC
APN
1S3E02B 01301
UPID
US71-0677267
Jurisdiction
MULTNOMAH
Zoning & alternative use
CC · Gresham, OR
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
4
Lot
3 ac
Current owner
From public records · entity-resolved
King James Investments LLC
Entity
Mailing address
818 SW 3RD AVE, PORTLAND, OR 97204-2405
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2015
$6,250,000
King James Investments LLC
Sjp LLC
Warranty Deed
$3,750,000 · Ctbc Bank Co Ltd
Oct 15, 2003
$3,300,000
Sjp LLC
Pcb Loan Services Corp
Grant Deed
$2,640,000 · Pacific Continental Bank
Jul 25, 2001
—
Radmacher Trust
Radmacher Trust
Quit Claim Deed
related
$6,458,216 · Pacific Continental Bank
Mar 6, 1998
—
Edward A White
—
Grant Deed
related
$5,130,000 · Pacific Continental Bank
—
—
Sjp LLC
—
Loan Modification
related
$2,031,046 · Pacific Continental Bank
—
—
Sjp LLC
—
Loan Modification
related
$1,180,484 · Pacific Continental Bank
—
—
Sjp LLC
—
Deed Of Trust
related
$1,500,000 · Pacific Continental Bank
—
—
King James Investments LLC
—
Loan Modification
related
$2,687,500 · Ctbc Bk Co
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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