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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Garden apartment buildings
404 202nd Ave Portland, OR 97233-6032
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0167510
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1951
Total area
2,261 SF
Lot
0.54 ac (23,365 SF)
Zoning code
MDR24
APN
1N3E33CC 08100
UPID
US71-0167510
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
$573k
Blend (final)
Blend
$575k
Owner & transaction history
Uaa Of Gkd Archibald Grove Invtrs · 8 yrs held
Uaa Of Gkd Archibald Grove Invtrs
since 2018
7 recorded transactions
Zoning & alternative use
MDR24 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$690,000
+55.2%
Medical building
$685,000
+53.5%
Office building
$655,000
+46.9%
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
APARTMENT HOUSE (5+ UNITS)
$445,000
Current use
AUTO REPAIR, GARAGE
$690,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$655,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$590,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$545,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$254 / 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
$3,967
Tax year 2023
Assessed value
$233,650
Assessed 2023
Previous assessed
$233,650
+0.0% YoY
Effective rate
1.70%
On assessed value
Land market value
$233,650
Total market value
$233,650
Applied tax rate
402.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1951
Heating
FORCED AIR
Stories
1
Bathrooms
3
Total area
2,261 SF
Lot
0.54 ac (23,365 SF)
Zoning code
MDR24
APN
1N3E33CC 08100
UPID
US71-0167510
Jurisdiction
MULTNOMAH
Zoning & alternative use
MDR24 · Portland, OR
Zoning MDR24 · permitted uses
MDR24 · 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
$445,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING
Est. value
$685,000
OFFICE BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES
Est. value
$545,000
WAREHOUSE, STORAGE
Est. value
$460,000
APARTMENT HOUSE (5+ UNITS) 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
1951
Heating
FORCED AIR
Stories
1
Bathrooms
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Uaa Of Gkd Archibald Grove Invtrs
Individual
Mailing address
885 N DOUGLAS ST, EL SEGUNDO, CA 90245-2801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
—
Uaa Of Gkd Archibald Grove Invtrs
—
Deed
related
—
Dec 27, 2018
—
Uaa Of Gkd Archibald Grove Invtrs
—
Deed
related
$4,670,000 · Banner Bk
Mar 2, 2018
$439,000
Uaa Of Gkd Archibald Grove Invtrs
Iseli,andre W
Warranty Deed
—
Feb 19, 2013
—
Andre Iseli
Swift,dan & Tracy
Grant Deed
related
—
Apr 20, 2012
$92,000
Dan Swift
Tornbom-haley,nancy
Warranty Deed
—
Jan 2, 2007
—
Glenn E Haley
Haley,glenn E
Quit Claim Deed
related
$252,000 · Quick Loan Funding
Nov 3, 2000
$190,000
Glenn E Haley
Weberg,ken E
Grant Deed
$171,000 · Premier
Aug 1, 1990
$72,500
Ken E Weberg
Post,judith A
Grant Deed
$65,250 · Seafirst Bank
—
—
Uaa Of Gkd Archibald Grove Invtrs
—
Deed Of Trust
related
$4,670,000 · Banner Bk
—
—
Ken E Weberg
—
Deed Of Trust
related
$119,000 · Washington Mutual Fsb
—
—
Glenn E Haley
—
Deed Of Trust
related
$200,000 · First Horizon Home Loan Corp
—
—
Ken E Weberg
—
Deed Of Trust
related
$84,000 · Ib Mortgage Network
—
—
Uaa Of Gkd Archibald Grove Invtrs
—
Loan Modification
related
—
—
—
Ken E Weberg
—
Deed Of Trust
related
$30,000 · Individual
—
—
Ken E Weberg
—
Deed Of Trust
related
$102,000 · Washington Mutual 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.
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