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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Assisted living facilities
3525-3529 Madison St, Portland, OR 97214
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0889872
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1955
Total area
2,880 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R2.5
APN
1S1E01AC 11000
UPID
US71-0889872
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
$656k
Blend (final)
Blend
$1.05M
Owner & transaction history
Daniel H Reid · 4 yrs held
Daniel H Reid
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
R2.5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+63.2%
Auto repair, garage
$880,000
+54.8%
Medical building
$870,000
+53.2%
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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
$1,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$880,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$835,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$830,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$660,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Nov 9 2021)
Last sale anchor
$1.05M
Nov 9 2021
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
$365 / 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
$10,549
Tax year 2023
Assessed value
$398,080
Assessed 2023
Previous assessed
$386,490
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$613,500
Improvement market value
$479,370
Total market value
$1,092,870
Applied tax rate
201.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1955
Heating
BASEBOARD
Stories
1
Bathrooms
5
Total area
2,880 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R2.5
APN
1S1E01AC 11000
UPID
US71-0889872
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2.5 · Portland, OR
Zoning R2.5 · permitted uses
R2.5 · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$880,000
MEDICAL BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$835,000
OFFICE BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$660,000
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1955
Heating
BASEBOARD
Stories
1
Bathrooms
5
Lot
0.23 ac
Current owner
From public records · entity-resolved
Daniel H Reid
Individual
Mailing address
2555 NE GLISAN ST APT #25, PORTLAND, OR 97232-2370
Ownership since
2021
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
Nov 24, 2021
—
Daniel H Reid
—
Deed
related
$600,000 · Oaktree Funding Corp
Nov 9, 2021
$1,050,000
Daniel H Reid
3525 3529 Se Madison Street LLC
Warranty Deed
$600,000 · Oaktree Funding Corp
Dec 28, 2017
—
3525-3529 Se Madison LLC
Headley,julie N & William L
Grant Deed
related
—
Aug 31, 1998
$304,500
Julie N Headley
Aazad,ali
Grant Deed
$30,000 · Portland Mortgage Co
Dec 9, 1994
$237,000
Aazad,ali
Kampfe,david E & Eileen M
Trustees Deed
$189,600 · Premier Mortgage Resources
Dec 9, 1994
—
Aazad,ali
Kampfe,david E & Eileen M
Trustees Deed
related
—
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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