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Property profile & analytics
OFF-MARKET
Estimated value
$18,460,000
Apartment buildings
3910 Tillamook St, Portland, OR 97212-2383
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0265831
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
51,348 SF
Lot
0.32 ac (13,800 SF)
Zoning code
CS
APN
1N1E25DA 23100
UPID
US71-0265831
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
-
Ann De' Lee Apartments Apartment Building Apartment Complex
-
Portland Photographer | Working Aperture Photography Service (Bike/Boat/Book/etc) Store
-
MaHoneyPix Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.46M
Blend (final)
Blend
$18.46M
Owner & transaction history
Udg Anndelee LLC · 8 yrs held
Udg Anndelee LLC
since 2017
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.6M
+28.8%
Auto repair, garage
$15.7M
+14.8%
Medical building
$15.5M
+13.6%
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
APARTMENT HOUSE (5+ UNITS)
$13,650,000
Current use
RESTAURANT
$17,585,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,680,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$15,510,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$15,415,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$14,840,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,790,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$18.46M
Range $16.61M – $20.31M · ±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
$360 / 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
$179,412
Tax year 2023
Assessed value
$6,770,610
Assessed 2023
Previous assessed
$6,573,410
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,301,970
Improvement market value
$18,916,310
Total market value
$20,218,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Total area
51,348 SF
Lot
0.32 ac (13,800 SF)
Zoning code
CS
APN
1N1E25DA 23100
UPID
US71-0265831
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$13.7M
RESTAURANT
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$15.7M
MEDICAL BUILDING
Est. value
$15.5M
RETAIL STORES
Est. value
$15.4M
OFFICE BUILDING
Est. value
$14.8M
COMMERCIAL (GENERAL)
Est. value
$14.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2014
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Udg Anndelee LLC
Entity
Free & Clear · 8 yrs held
Mailing address
735 SW 158TH AVE, BEAVERTON, OR 97006-4904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2017
—
Udg Anndelee LLC
Udg Grant Park LLC
Quit Claim Deed
related
—
Oct 9, 2014
—
Udg Grant Park LLC
—
Grant Deed
related
$9,000,000 · M&t R/e Trust (ct)
Sep 19, 2014
—
Udg Grant Park LLC
—
Grant Deed
related
$9,000,000 · M&t R/e Trust (ct)
Apr 19, 2013
$1,100,000
Udg Grant Park LLC
New Hollywood #2 LLC
Special Warranty Deed
$618,200 · M&t Real Estate Trust
Jan 18, 2006
$875,000
New Hollywood 2 LLC
Us Bank NA
Grant Deed
—
Oct 31, 2005
$100,000
Us Bank NA
39th & Tillamook LLC
Grant Deed
related
—
Jun 7, 2005
$100,000
39th & Tillamook LLC
Us Bank NA
Quit Claim Deed
related
—
—
—
Udg Anndelee LLC
—
Deed Of Trust
related
$10,700,000 · M&t Rlty Cap
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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