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Property profile & analytics
OFF-MARKET
Estimated value
$445,000
Garden apartment buildings
311 Division St Gresham, OR 97030-3900
Entity Owned
34-yr Hold
Absentee Owner
Property ID
US71-0513349
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1997
Total area
3,767 SF
Lot
0.84 ac (36,590 SF)
Zoning code
SC
APN
1S3E03CD 01600
UPID
US71-0513349
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
$992k
Blend (final)
Blend
$445k
Owner & transaction history
East County Shelter Projects INC · 34 yrs held
East County Shelter Projects INC
since 1991
4 recorded transactions
Zoning & alternative use
SC · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Station Centers district is intended to accommodate uses which are directly supportive of light rail transit, Development types permitted include retail and service businesses, offices, mixed use projects, higher density housing, and townhouses, Acknowledging the different character of existing land uses, an overlay designation here will also permit auto…
Zone name
Station Center
General category
MIXED_USE
Zone area
123.46 ac
Source
Realmo
Top alternative use upside
Medical building
$1.1M
+14.8%
Auto repair, garage
$1.1M
+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)
$990,000
Current use
MEDICAL BUILDING
$1,140,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,115,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$930,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$445k
Range $401k – $490k · ±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
$118 / 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
Land market value
$867,890
Improvement market value
$2,083,740
Total market value
$2,951,630
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Buildings
6
Stories
1
Bathrooms
10
Total area
3,767 SF
Lot
0.84 ac (36,590 SF)
Zoning code
SC
APN
1S3E03CD 01600
UPID
US71-0513349
Jurisdiction
MULTNOMAH
Zoning & alternative use
SC · Gresham, ORZoning SC · permitted uses
SC · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Station Centers district is intended to accommodate uses which are directly supportive of light rail transit, Development types permitted include retail and service businesses, offices, mixed use projects, higher density housing, and townhouses, Acknowledging the different character of existing land uses, an overlay designation here will also permit auto dependent uses, and small scale light industrial uses
Zone name
Station Center
General category
MIXED_USE
Zone area
123.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$990,000
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$930,000
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
1997
Heating
FORCED AIR
Stories
1
Buildings
6
Bathrooms
10
Lot
0.84 ac
Current owner
From public records · entity-resolved
East County Shelter Projects INC
Entity
Mailing address
135 SW ASH ST, PORTLAND, OR 97204-3511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2004
—
Housing Authority Of Portland
—
Trustees Deed
related
$650,000 · Wells Fargo Bank
Dec 1, 1991
$275,000
East County Shelter Projects INC
Unknown
Grant Deed
—
—
—
Housing Authority Of Portland
—
Deed Of Trust
related
$770,000 · Network For Or Affordable
—
—
Housing Authority Of Portland
—
Deed Of Trust
related
$200,000 · Community Dev Commission
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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