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Property profile & analytics
OFF-MARKET
Assisted living facilities
3701 Iowa St Portland, OR 97221-3416
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-0983261
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1990
Total area
1,880 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R7
APN
1S1E17CA 09300
UPID
US71-0983261
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ness LLC · 10 yrs held
Ness LLC
since 2015
7 recorded transactions
Zoning & alternative use
R7 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The single dwelling zone is intended to preserve land for housing and to provide housing opportunities for individual households
Zone name
Single Dwelling Residential 7000
General category
RESIDENTIAL
Zone area
9,471.70 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,932
Tax year 2023
Assessed value
$375,180
Assessed 2023
Previous assessed
$364,260
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$272,500
Improvement market value
$381,920
Total market value
$654,420
Applied tax rate
1.0000
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
1990
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
1,880 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R7
APN
1S1E17CA 09300
UPID
US71-0983261
Jurisdiction
MULTNOMAH
Zoning & alternative use
R7 · Portland, ORZoning R7 · permitted uses
R7 · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The single dwelling zone is intended to preserve land for housing and to provide housing opportunities for individual households
Zone name
Single Dwelling Residential 7000
General category
RESIDENTIAL
Zone area
9,471.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ness LLC
Entity
Mailing address
3701 SW IOWA ST, PORTLAND, OR 97221-3416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Jun 24, 2021
—
Ness LLC
—
Deed
related
$496,000 · Us Bank NA
Sep 9, 2015
$430,000
Ness LLC
Thomas Janet C Trust
Warranty Deed
—
Apr 17, 2013
—
Thomas,janet C Trust
Thomas,janet C
Quit Claim Deed
related
—
May 25, 1994
$182,000
Michael A Thomas
Overby,janis D
Grant Deed
$102,000 · First Franklin Financial Corp
Aug 1, 1989
$23,500
Janis D Overby
Unknown
Grant Deed
—
—
—
Janis D Overby
—
Deed Of Trust
related
$85,000 · Willamette S L
—
—
Michael A Thomas
—
Deed Of Trust
related
$75,000 · Usaa Fsb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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