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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges
500 Wi Se Butler Rd Gresham, OR 97080
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-0496700
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Lot
8.69 ac (378,536 SF)
Zoning code
LDR5
APN
1S3E22BD 03700
UPID
US71-0496700
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
by Request
Owner & transaction history
500 Butler Road LLC · 5 yrs held
500 Butler Road LLC
since 2021
7 recorded transactions
Zoning & alternative use
LDR5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,239
Tax year 2023
Assessed value
$67,300
Assessed 2023
Previous assessed
$67,300
+0.0% YoY
Effective rate
1.84%
On assessed value
Land market value
$67,300
Total market value
$67,300
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Heating
NONE
Lot
8.69 ac (378,536 SF)
Zoning code
LDR5
APN
1S3E22BD 03700
UPID
US71-0496700
Jurisdiction
MULTNOMAH
Zoning & alternative use
LDR5 · Gresham, OR
Zoning LDR5 · permitted uses
LDR5 · 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
Heating
NONE
Lot
8.69 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
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
500 Butler Road LLC
—
Deed
related
$2,050,000 · Oregon Pacific Bank
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
Trust Deed
related
—
Nov 29, 2011
—
Persimmon Golf Club LLC
—
Deed Of Trust
related
$425,000,000 · Wells Far #comm 2005-fl11 (ce)
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
—
—
Mark M Swift
—
Deed Of Trust
related
$1,214,746 · Other Institutional Lenders
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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