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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Assisted living facilities
353 Ankeny Cir, Portland, OR 97233-3124
Individually Owned
1-yr Hold
Property ID
US71-0384390
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1970
Total area
3,738 SF
Lot
0.2 ac (8,611 SF)
Zoning code
R7
APN
1N2E36DC 01900
UPID
US71-0384390
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
Current use
Occupant on record · Public records
-
Senior Foster Care Home Nursing Home
-
Custom Painting LLC Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$920k
Owner & transaction history
Getachew Atsbeha · 1 yrs held
Getachew Atsbeha
since 2024
Last sale
$920,000
7 recorded transactions
Zoning & alternative use
R7 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+51.2%
Medical building
$1.1M
+49.5%
Office building
$1.1M
+43.1%
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
$920,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$755,000
Current use
AUTO REPAIR, GARAGE
$1,140,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$1,130,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$1,080,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$905,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$765,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $920k (Aug 15 2024)
Last sale anchor
$920k
Aug 15 2024
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
$246 / 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
$7,851
Tax year 2023
Assessed value
$346,840
Assessed 2023
Previous assessed
$336,740
+3.0% YoY
Effective rate
2.26%
On assessed value
Land market value
$190,000
Improvement market value
$491,960
Total market value
$681,960
Applied tax rate
406.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
8
Total area
3,738 SF
Lot
0.2 ac (8,611 SF)
Zoning code
R7
APN
1N2E36DC 01900
UPID
US71-0384390
Jurisdiction
MULTNOMAH
Zoning & alternative use
R7 · Portland, OR
Zoning R7 · permitted uses
R7 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$980,000
RETAIL STORES
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$765,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
8
Lot
0.2 ac
Current owner
From public records · entity-resolved
Getachew Atsbeha
Individual
Mailing address
335 SE ANKENY CIR, PORTLAND, OR 97233-3124
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
$920,000
Getachew Atsbeha
Simon Benedict
Warranty Deed
$766,000 · United Wholesale Mortgage
Jun 19, 2007
$564,000
Simon Benedict
Ion Fabian
Warranty Deed
$451,200 · Jpmorgan Chase Bank NA
May 31, 2006
—
Ion Fabian
Fabian,ion & Liuba
Quit Claim Deed
related
—
May 30, 2006
$445,000
Ion Fabian
Varadin,dionisie & Lidia
Warranty Deed
$356,000 · Mortgageit INC
Mar 5, 2003
$183,000
Dionisie Varadin
Brunelle,wallace J & Sandra K
Grant Deed
$164,700 · Union Planters National Bank
—
—
Wallace J Brunelle
—
Deed Of Trust
related
$25,000 · Security Pacific National Bank
—
—
Dionisie Varadin
—
Deed Of Trust
related
$320,000 · Greenpoint Mortgage Funding
—
—
Dionisie Varadin
—
Deed Of Trust
related
$45,900 · Us Bank NA
—
—
Sandra K Brunelle
—
Deed Of Trust
related
$44,800 · Portland Teachers Cu
—
—
Wallace J Brunelle
—
Deed Of Trust
related
$50,000 · Security Pacific National 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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