New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Assisted living facilities
3575 Division St, Portland, OR 97202-1561
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0163072
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Total area
24,825 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CS
APN
1S1E01DC 09600
UPID
US71-0163072
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
$6.50M
Blend (final)
Blend
$6.50M
Owner & transaction history
Estate Of Agapito L Flores · 4 yrs held
Estate Of Agapito L Flores
since 2022
Last sale
$32,782
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+73.7%
Retail stores
$8.3M
+69.3%
Auto repair, garage
$7.6M
+54.8%
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
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,895,000
Current use
RESTAURANT
$8,500,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$8,285,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,580,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$7,500,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,220,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$7,175,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $33k (May 20 2022)
Last sale anchor
$33k
May 20 2022
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
$262 / 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
$114,983
Tax year 2023
Assessed value
$4,339,180
Assessed 2023
Previous assessed
$4,212,800
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,470,310
Improvement market value
$12,131,240
Total market value
$13,601,550
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
2000
Heating
NONE
Stories
3
Total area
24,825 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CS
APN
1S1E01DC 09600
UPID
US71-0163072
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, OR
Zoning CS · permitted uses
CS · 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
$4.9M
RESTAURANT
Est. value
$8.5M
RETAIL STORES
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$7.2M
OFFICE BUILDING
Est. value
$7.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2000
Heating
NONE
Stories
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Estate Of Agapito L Flores
Individual
Mailing address
7368 S MILES PL, PORTLAND, OR 97219-3026
Ownership since
2022
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
May 20, 2022
$32,782
Estate Of Agapito L Flores
Multnomah County
Bargain And Sale Deed
$11,000,000 · Arena Limited Spv LLC
Dec 15, 2020
$6,250,000
Eh Property LLC
Emerson House LLC
Grant Deed
$4,700,000 · Capital Preservation 100 LLC
Aug 17, 1998
—
Emerson Houese LLC
—
Grant Deed
related
$2,970,000 · Bank Of Portland
Jan 6, 1998
—
Emerson House LLC
Sherman House LLC
Grant Deed
related
—
Sep 24, 1996
—
Sherman House LLC
Lizio,sarah
Grant Deed
related
—
—
—
Emerson House LLC
—
Deed Of Trust
related
$3,250,000 · Bank Of The Northwest
—
—
Emerson House LLC
—
Deed Of Trust
related
$3,250,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3575 Division St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
