New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,510,000
Assisted living facilities
405 5th St 425, Gresham, OR 97030-7345
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-0680079
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1922
Total area
56,052 SF
Lot
1.94 ac (84,506 SF)
Zoning code
DT
APN
1S3E10BA 04500
UPID
US71-0680079
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
$8.51M
Blend (final)
Blend
$8.51M
Owner & transaction history
Gresham Chr LLC · 19 yrs held
Gresham Chr LLC
since 2006
7 recorded transactions
Zoning & alternative use
DT · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.9M
+29.0%
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 Gresham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gresham 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)
$10,755,000
Current use
COMMERCIAL (GENERAL)
$13,870,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$8.51M
Range $7.66M – $9.36M · ±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
$152 / 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
$92,220
Tax year 2023
Assessed value
$4,898,090
Assessed 2023
Previous assessed
$4,755,430
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,131,650
Improvement market value
$5,239,800
Total market value
$6,371,450
Applied tax rate
26.0000
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
1922
Heating
NONE
Stories
1
Total area
56,052 SF
Lot
1.94 ac (84,506 SF)
Zoning code
DT
APN
1S3E10BA 04500
UPID
US71-0680079
Jurisdiction
MULTNOMAH
Zoning & alternative use
DT · Gresham, OR
Zoning DT · permitted uses
DT · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gresham. 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
$10.8M
COMMERCIAL (GENERAL)
Est. value
$13.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1922
Heating
NONE
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Gresham Chr LLC
Entity
Mailing address
127 NE 102ND AVE, PORTLAND, OR 97220-4152
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2019
—
Gresham Chr LLC
—
Grant Deed
related
$6,077,000 · Banner Bk
Feb 29, 2012
—
Gresham Chr LLC
—
Deed Of Trust
related
$5,671,000 · Umpqua Bank
Sep 7, 2010
—
Gresham Chr LLC
—
Deed Of Trust
related
$5,200,000 · Umpqua Bk
Nov 17, 2006
—
Gresham Chr LLC
Clay Hand Redhead
Bargain And Sale Deed
$4,200,000 · North Cascades National Bank
Oct 1, 1991
$1,300,000
Lease Mt Hood Clay-hand-redhead
Unknown
Grant Deed
—
—
—
Clay-hand-redhead
—
Deed Of Trust
related
$250,000 · Pacific Continental Bank
—
—
Gresham Chr LLC
—
Loan Modification
related
$5,200,000 · Umpqua Bk
—
—
Clay-hand-redhead Gp
—
Deed Of Trust
related
$3,500,000 · Pacific Continental Bank
—
—
Clay-hand-redhead
—
Deed Of Trust
related
$650,000 · Pacific Continental 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 405 5th St, Unit 425?
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.
