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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Investment properties
3803 Gladstone St Portland, OR 97202-3245
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0024039
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1912
Total area
1,316 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CN2
APN
1S1E12DD 15400
UPID
US71-0024039
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
-
Chris Bonner, Principal Broker at the Hasson Company Realtors Real Estate Agency
-
Sara Winick-Brown, Cascade Hasson Sotheby's International Realty Real Estate Agency
-
Sara Winick-Brown Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$525k
Owner & transaction history
Velvet Lee Mcknight · 1 yrs held
Velvet Lee Mcknight
since 2024
6 recorded transactions
Zoning & alternative use
CN2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$440,000
+14.8%
Auto repair, garage
$400,000
+5.0%
Medical building
$395,000
+3.9%
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
COMMERCIAL (GENERAL)
$385,000
Current use
RETAIL STORES
$440,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$400,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$395,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$380,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$399 / 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
$4,778
Tax year 2023
Assessed value
$180,320
Assessed 2023
Previous assessed
$175,070
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$289,500
Improvement market value
$304,150
Total market value
$593,650
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
1,316 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CN2
APN
1S1E12DD 15400
UPID
US71-0024039
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN2 · Portland, OR
Zoning CN2 · permitted uses
CN2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$385,000
RETAIL STORES
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$400,000
MEDICAL BUILDING
Est. value
$395,000
OFFICE BUILDING
Est. value
$380,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1912
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Velvet Lee Mcknight
Individual
Mailing address
3803 SE GLADSTONE ST, PORTLAND, OR 97202-3245
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Velvet Lee Mcknight
Prosserwagner LLC
Bargain & Sale Deed
$250,000 · Nations Direct Mortgage LLC
Apr 29, 2011
$300,000
Prosserwagner LLC
Three Cs Properties LLC
Warranty Deed
$334,800 · Umpqua Bank
Aug 1, 2005
$295,000
Three Cs Properties LLC
Low,rosanna
Warranty Deed
$236,000 · Bank Of The West
Aug 9, 1995
$90,000
Kathleen S Browning
Mc Ilveen,john C & Patricia J
Grant Deed
$63,000 · Gn Mortgage Corp
—
—
Kathleen S Browning
—
Deed Of Trust
related
$20,000 · Wells Fargo Bank
—
—
Kathleen S Browning
—
Deed Of Trust
related
$54,000 · 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.
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