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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Apartment buildings
535 Lincoln St 565, Fairview, OR 97024-1936
Trust Owned
Free & Clear
Property ID
US71-0797905
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
FRAME
Total area
5,018 SF
Lot
0.52 ac (22,500 SF)
Zoning code
A2
APN
1N3E28DD 05200
UPID
US71-0797905
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
$990k
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.23M
Owner & transaction history
The Leavitt Family Trust U A
The Leavitt Family Trust U A
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
A2 · Fairview, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+35.9%
Medical building
$1.5M
+14.8%
Auto repair, garage
$1.5M
+12.6%
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
$1,285,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Current use
RESTAURANT
$1,795,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$1,515,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,485,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,485,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,425,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$1,290,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.13M (Jul 15 2021)
Last sale anchor
$1.13M
Jul 15 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
$244 / 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
$9,072
Tax year 2023
Assessed value
$519,840
Assessed 2023
Previous assessed
$504,700
+3.0% YoY
Effective rate
1.75%
On assessed value
Land market value
$157,500
Improvement market value
$789,370
Total market value
$946,870
Applied tax rate
240.0000
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
1970
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
6
Bathrooms
6
Total area
5,018 SF
Lot
0.52 ac (22,500 SF)
Zoning code
A2
APN
1N3E28DD 05200
UPID
US71-0797905
Jurisdiction
MULTNOMAH
Zoning & alternative use
A2 · Fairview, OR
Zoning A2 · permitted uses
A2 · Fairview, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1970
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
6
Bathrooms
6
Lot
0.52 ac
Current owner
From public records · entity-resolved
The Leavitt Family Trust U A
Trust
Free & Clear · 0 yrs held
Mailing address
2306 NE SISKIYOU ST, PORTLAND, OR 97212-2471
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
The Leavitt Family Trust U A
Jason M Leavitt
Deed
related
—
Jul 15, 2021
$1,134,500
Jason M Leavitt
Stanisel Capital LLC
Warranty Deed
$850,000 · Umpqua Bank
Jan 22, 2019
—
Stanisel Capital LLC
Ben Stanisel
Intrafamily Transfer
related
$708,000 · Luther Burbank Savings
May 8, 2018
$826,875
Ben Stanisel
Pannell I LLC
Warranty Deed
$661,500 · Conventus LLC
May 22, 2012
—
Pannell I LLC
Pannell C J & D S Trust
Quit Claim Deed
related
—
Feb 23, 2007
—
Clinton J Pannell
Pannell C J & D S Trust
Quit Claim Deed
related
—
Jan 9, 2007
—
Clinton J Pannell
Pannell,clinton J
Quit Claim Deed
related
—
Mar 12, 2004
—
Darlene S Pannell
Pannell,clinton J
Quit Claim Deed
related
—
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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