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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Sports & entertainment properties
500 Butler Rd Gresham, OR 97080-9410
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-0588755
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1993
Total area
18,444 SF
Lot
26.72 ac (1,163,923 SF)
Zoning code
MDR12
APN
1S3E22C 00301
UPID
US71-0588755
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
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
500 Butler Road LLC · 5 yrs held
500 Butler Road LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
MDR12 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,745,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Mar 30 2021)
Last sale anchor
$1.70M
Mar 30 2021
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
$92 / 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
$23,108
Tax year 2023
Assessed value
$1,255,670
Assessed 2023
Previous assessed
$1,255,670
+0.0% YoY
Effective rate
1.84%
On assessed value
Land market value
$183,550
Improvement market value
$1,072,120
Total market value
$1,255,670
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
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1993
Heating
NONE
Buildings
2
Stories
2
Total area
18,444 SF
Lot
26.72 ac (1,163,923 SF)
Zoning code
MDR12
APN
1S3E22C 00301
UPID
US71-0588755
Jurisdiction
MULTNOMAH
Zoning & alternative use
MDR12 · Gresham, OR
Zoning MDR12 · permitted uses
MDR12 · 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.
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Stories
2
Buildings
2
Lot
26.72 ac
Current owner
From public records · entity-resolved
500 Butler Road LLC
Entity
Free & Clear · 5 yrs held
Mailing address
500 SE BUTLER RD, GRESHAM, OR 97080-9410
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
$1,700,000
500 Butler Road LLC
Persimmon Partners LLC
Warranty Deed
—
Nov 26, 2019
—
Persimmon Partners LLC
Vantage Homes LLC
Warranty Deed
related
—
Nov 8, 2019
—
Vantage Homes LLC
Rain City Cap Of Or LLC
Quit Claim Deed
related
—
Oct 28, 2019
$1,628,065
Vantage Homes LLC
Mark M Howard Jarrod F|swift
Trustees Deed
related
—
Jul 29, 2011
$450,000
Persimmon Golf Club LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Persimmon Golf Club LLC
—
Deed Of Trust
related
$105,600,000 · General Electric Capital Corp
—
—
Persimmon Golf Club LLC
—
Deed Of Trust
related
$109,000,000 · General Electric Capital Corp
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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