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Property profile & analytics
OFF-MARKET
Estimated value
$36,700,000
Apartment buildings
4975 Division St Portland, OR 97206-1573
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0059456
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
96,314 SF
Lot
0.69 ac (30,000 SF)
Zoning code
CS
APN
1S2E06CD 14300
UPID
US71-0059456
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
-
The Fifty at Division Apartments Apartment Complex
-
Portland Aerial Video Pros Marketing & Advertising Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$36.70M
Blend (final)
Blend
$36.70M
Owner & transaction history
Idm Apartments LLC · 9 yrs held
Idm Apartments LLC
since 2017
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$33.0M
+28.8%
Auto repair, garage
$29.4M
+14.8%
Medical building
$29.1M
+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)
$25,610,000
Current use
RESTAURANT
$32,985,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,410,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$29,090,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$27,835,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$27,735,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$27,600,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$36.70M
Range $33.03M – $40.37M · ±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
$381 / 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
$356,697
Tax year 2023
Assessed value
$13,460,930
Assessed 2023
Previous assessed
$13,068,870
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$3,900,000
Improvement market value
$31,427,210
Total market value
$35,327,210
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
2015
Heating
NONE
Stories
1
Total area
96,314 SF
Lot
0.69 ac (30,000 SF)
Zoning code
CS
APN
1S2E06CD 14300
UPID
US71-0059456
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
$25.6M
RESTAURANT
Est. value
$33.0M
AUTO REPAIR, GARAGE
Est. value
$29.4M
MEDICAL BUILDING
Est. value
$29.1M
OFFICE BUILDING
Est. value
$27.8M
COMMERCIAL (GENERAL)
Est. value
$27.7M
RETAIL STORES
Est. value
$27.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2015
Heating
NONE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Idm Apartments LLC
Entity
Mailing address
1101 SE TECH CTR DR STE #160, VANCOUVER, WA 98683-5521
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
—
D50 Lofts LLC
—
Deed
related
$19,861,000 · Cbre Multifamily Cap
Jan 18, 2018
—
D50 Lofts LLC
—
Deed
related
—
Apr 13, 2017
—
Idm Apartments LLC
D50 Lofts LLC
Grant Deed
related
—
Jul 30, 2014
$875,000
D50 Lofts LLC
Zifcak,george & Isabelle
Warranty Deed
—
Oct 19, 2004
$345,000
George Zifcak
Martinson John A JR & S J
Warranty Deed
$245,000 · Martinson John A JR & S J (te)
Feb 1, 1990
$75,000
Martinson,john A Tr&shirley J Tr
Unknown
Grant Deed
—
—
—
George A Zifcak
—
Deed Of Trust
related
$223,000 · Clackamas County Bank
—
—
D50 Lofts LLC
—
Loan Modification
related
—
—
—
D50 Lofts LLC
—
Deed Of Trust
related
$19,861,000 · Cbre Multifamily 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.
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