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Property profile & analytics
OFF-MARKET
Estimated value
$3,880,000
Apartment buildings
4300 122nd Ave 4344, Portland, OR 97236-3749
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-0720919
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
FRAME
Total area
20,160 SF
Lot
0.88 ac (38,338 SF)
Zoning code
R1A
APN
1S2E11CC 08800
UPID
US71-0720919
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
$3.88M
Blend (final)
Blend
$3.88M
Owner & transaction history
Th Villa LLC · 17 yrs held
Th Villa LLC
since 2009
5 recorded transactions
Zoning & alternative use
R1A · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.2M
+14.8%
Medical building
$6.1M
+13.6%
Retail stores
$6.1M
+12.9%
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)
$5,360,000
Current use
AUTO REPAIR, GARAGE
$6,155,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$6,090,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$6,050,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$5,825,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,805,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.88M
Range $3.49M – $4.27M · ±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
$192 / 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
$33,445
Tax year 2023
Assessed value
$1,422,970
Assessed 2023
Previous assessed
$1,381,530
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$958,450
Improvement market value
$2,157,960
Total market value
$3,116,410
Applied tax rate
113.0000
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
1973
Construction
FRAME
Heating
NONE
Stories
2
Units
23
Total area
20,160 SF
Lot
0.88 ac (38,338 SF)
Zoning code
R1A
APN
1S2E11CC 08800
UPID
US71-0720919
Jurisdiction
MULTNOMAH
Zoning & alternative use
R1A · Portland, OR
Zoning R1A · permitted uses
R1A · 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
$5.4M
AUTO REPAIR, GARAGE
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1973
Construction
FRAME
Heating
NONE
Stories
2
Units
23
Lot
0.88 ac
Current owner
From public records · entity-resolved
Th Villa LLC
Entity
Mailing address
138 DANEFIELD PL, MORAGA, CA 94556-1227
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2017
—
Th Villa LLC
—
Deed
related
$1,620,000 · Jpmorgan Chase Bank NA
Feb 20, 2009
—
Th Villa LLC
Wong,edward Y & Bin Y
Quit Claim Deed
related
—
Mar 10, 2005
$1,101,000
Edward Y Wong
Jld Properties LLC
Warranty Deed
$311,000 · Washington Mutual Bank
Jan 13, 2005
—
Jld Properties LLC
Davis James & Laura Trust
Warranty Deed
related
—
Feb 1, 1990
$435,000
Town House Villa Limited Partner
Unknown
Grant Deed
—
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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