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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Warehouses
325 Hogan Dr Gresham, OR 97030-7913
Individually Owned
36-yr Hold
~
Est. High Equity
Property ID
US71-0791809
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
29,709 SF
Lot
3.28 ac (142,659 SF)
Zoning code
DT
APN
1S3E10AD 00200
UPID
US71-0791809
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
$6.19M
Blend (final)
Blend
$1.71M
Owner & transaction history
Steve L Williams · 36 yrs held
Steve L Williams
since 1989
7 recorded transactions
Zoning & alternative use
DT · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.0M
+44.9%
Auto repair, garage
$8.8M
+42.2%
Apartment house (5+ units)
$7.8M
+26.3%
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
WAREHOUSE, STORAGE
$6,195,000
Current use
MEDICAL BUILDING
$8,975,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,805,000
Change: +42% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,820,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$7,640,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,350,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$58 / 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
$1,847,490
Improvement market value
$1,994,670
Total market value
$3,842,160
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
NONE
Buildings
2
Stories
1
Total area
29,709 SF
Lot
3.28 ac (142,659 SF)
Zoning code
DT
APN
1S3E10AD 00200
UPID
US71-0791809
Jurisdiction
MULTNOMAH
Zoning & alternative use
DT · Gresham, ORZoning DT · permitted uses
DT · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1969
Heating
NONE
Stories
1
Buildings
2
Lot
3.28 ac
Current owner
From public records · entity-resolved
Steve L Williams
Individual
Mailing address
1800 SW 1ST AVE STE #300, PORTLAND, OR 97201-5354
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2009
—
Steven L Williams
—
Deed Of Trust
related
$1,500,000 · Clackamas County Bank
Jan 29, 2007
—
Steve L Williams
—
Deed Of Trust
related
$13,000,000 · Key Bank & Trust
Oct 1, 1989
$1,400,000
Steve L Williams
Unknown
Grant Deed
related
—
—
—
Steven L Williams
—
Deed Of Trust
related
$1,560,000 · Key Bank Of Oregon
—
—
Steve L Williams
—
Deed Of Trust
related
$3,588,870 · Key Bank & Trust
—
—
Steve L Williams
—
Deed Of Trust
related
$3,300,000 · Key Bank NA
—
—
Steve L Williams
—
Deed Of Trust
related
$1,000,000 · Key Bank & Trust
—
—
Steve L Williams
—
Deed Of Trust
related
$193,024 · Clackamas County Bank
—
—
Steve L Williams
—
Deed Of Trust
related
$154,974 · Clackamas County Bank
—
—
Steve L Williams
—
Deed Of Trust
related
—
—
—
Steven L Williams
—
Deed Of Trust
related
$250,000 · Clackamas County Bank
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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