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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Apartment buildings
2998 18th Ct Gresham, OR 97030-4331
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-1779561
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
FRAME
Total area
7,236 SF
Lot
0.62 ac (26,978 SF)
Zoning code
CMF
APN
1S3E02DB 01500
UPID
US71-1779561
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
$1.52M
Blend (final)
Blend
$1.52M
Owner & transaction history
C & E Investments 2998 LLC · 10 yrs held
C & E Investments 2998 LLC
since 2015
7 recorded transactions
Zoning & alternative use
CMF · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+14.8%
Auto repair, garage
$2.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,905,000
Current use
MEDICAL BUILDING
$2,185,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,145,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,860,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,790,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10%
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
$210 / 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
$10,608
Tax year 2023
Assessed value
$563,450
Assessed 2023
Previous assessed
$547,040
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$428,000
Improvement market value
$917,900
Total market value
$1,345,900
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
1977
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
8
Bathrooms
8
Total area
7,236 SF
Lot
0.62 ac (26,978 SF)
Zoning code
CMF
APN
1S3E02DB 01500
UPID
US71-1779561
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
$1.9M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
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
1977
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
8
Bathrooms
8
Lot
0.62 ac
Current owner
From public records · entity-resolved
C & E Investments 2998 LLC
Entity
Mailing address
PO BOX 612561, SAN JOSE, CA 95161-2561
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2015
$700,000
C & E Investments 2998 LLC
C George Eischen
Warranty Deed
$520,000 · Jpmorgan Chase Bank NA
Nov 10, 2008
$560,000
C George Eischen
Ochoa,william O & Dina I
Warranty Deed
$404,749 · Clackamas County Bank
Nov 10, 2008
—
William O Ochoa
City Of Gresham
Quit Claim Deed
related
—
Nov 6, 2006
$515,000
William Oswaldo Ochoa
Investment Management Group LLC
Warranty Deed
$225,000 · Washington Federal Savings
Apr 29, 2005
$950,000
Investment Mgmt Group LLC
Bennington,craig J & Mary J
Warranty Deed
$712,500 · Lasalle National Bank
Jun 23, 2004
$840,000
Craig J Bennington
Sls LLC
Warranty Deed
—
Jul 24, 2003
$860,000
S L S LLC
Bloomgarden,tr
Grant Deed
$800,000 · Irwin Leitgeb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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