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Property profile & analytics
OFF-MARKET
Investment properties
502 Main Ave, Gresham, OR 97030-7236
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-1585150
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
1,610 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CUC
APN
1S3E10BB 01700
UPID
US71-1585150
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
502 North Main Ave LLC · 5 yrs held
502 North Main Ave LLC
since 2021
Last sale
$517,000
7 recorded transactions
Zoning & alternative use
CUC · 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
$4,013
Tax year 2023
Assessed value
$213,130
Assessed 2023
Previous assessed
$206,930
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$187,500
Improvement market value
$237,300
Total market value
$424,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,610 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CUC
APN
1S3E10BB 01700
UPID
US71-1585150
Jurisdiction
MULTNOMAH
Zoning & alternative use
CUC · Gresham, OR
Zoning CUC · permitted uses
CUC · 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
1910
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
502 North Main Ave LLC
Entity
Free & Clear · 5 yrs held
Mailing address
502 N MAIN AVE, GRESHAM, OR 97030-7236
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
$517,000
502 North Main Ave LLC
Swift Karen M Living Trust
Warranty Deed
—
Sep 7, 2016
—
Morse,gregory & Anne Trust
Morse,gregory G
Quit Claim Deed
related
—
Mar 15, 2010
—
Swift Karen M Living Trust
Swift,karen M
Quit Claim Deed
related
—
Aug 4, 2008
$320,000
Gregory G Morse
Thompson,gordon B
Warranty Deed
$243,759 · Umpqua Bank
Oct 25, 2005
$339,000
Gordon B Thompson
Hickman,gary W
Warranty Deed
$262,500 · Mbank
Aug 23, 2004
$182,500
Gary W Hickman
Bank One NA
Grant Deed
—
Jun 1, 2004
$153,000
Bank One NA Trustee
Kim,hyan S & Mi K
Trustees Deed
related
—
—
—
Hyun S Kim
—
Deed Of Trust
related
$182,750 · Cit Group Consumer Finance INC
—
—
Hyun S Kim
—
Deed Of Trust
related
$17,000 · Crestline Funding Corp
—
—
Mi K Kim
—
Deed Of Trust
related
$135,000 · Washington Mutual Fsb
—
—
Huyn S Kim
—
Deed Of Trust
related
$31,917 · American General Finance INC
—
—
Mi K Kim
—
Deed Of Trust
related
$36,839 · Beneficial Oregon INC
—
—
Hyun S Kim
—
Deed Of Trust
related
$5,000 · Capital One Fsb
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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