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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Apartment buildings
5511 17th Ave, Portland, OR 97211-4980
Entity Owned
9-yr Hold
Property ID
US71-1884468
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
7,995 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CSH
APN
1N1E14DC 17000
UPID
US71-1884468
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
$3.16M
Blend (final)
Blend
$3.16M
Owner & transaction history
17th Group LLC · 9 yrs held
17th Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
CSH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+28.8%
Auto repair, garage
$2.4M
+14.8%
Medical building
$2.4M
+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)
$2,125,000
Current use
RESTAURANT
$2,740,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,440,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,415,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$2,400,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,310,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,300,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±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
$395 / 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
$32,747
Tax year 2023
Assessed value
$1,235,800
Assessed 2023
Previous assessed
$1,199,810
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$600,000
Improvement market value
$2,947,860
Total market value
$3,547,860
Applied tax rate
710.0000
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
2018
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
7,995 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CSH
APN
1N1E14DC 17000
UPID
US71-1884468
Jurisdiction
MULTNOMAH
Zoning & alternative use
CSH · Portland, OR
Zoning CSH · permitted uses
CSH · 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
$2.1M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2018
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
17th Group LLC
Entity
Mailing address
PO BOX 1862, LAKE OSWEGO, OR 97035-0609
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2019
—
17th Group LLC
—
Deed
related
$2,383,000 · Greystone Svcng Corp
Aug 15, 2017
—
17th Group LLC
—
Deed
related
$2,335,000 · Washington Federal NA
Jan 27, 2017
$560,000
17th Group LLC
French,david
Warranty Deed
—
Jul 26, 2013
$200,000
David M French
Garner,john W
Warranty Deed
$204,300 · Equity Home Mortgage LLC
Dec 12, 2003
$166,000
John W Garner
Cornice Group LLC
Grant Deed
$130,000 · National City Mortgage Co
Nov 8, 2000
—
Willie J Anderson
New Jerusalem Baptist Church
Grant Deed
$51,800 · Aames Home Loan
Aug 4, 1995
$43,000
Jerusalem Babtist Church New
Reed,mae B
Grant Deed
$39,500 · Seller
—
—
17th Group LLC
—
Deed Of Trust
related
$2,383,000 · Greystone Svcng Corp
—
—
John W Garner
—
Deed Of Trust
related
$29,000 · Washington Mutual Fsb
—
—
John W Garner
—
Deed Of Trust
related
$15,000 · Washington Mutual 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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