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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Assisted living facilities
5735 60th Ave, Portland, OR 97206-6013
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1340644
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1949
Total area
2,720 SF
Lot
0.15 ac (6,600 SF)
Zoning code
R5
APN
1S2E18DA 16200
UPID
US71-1340644
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
$520k
Blend (final)
Blend
$520k
Owner & transaction history
Erika Cocaciu Trust · 2 yrs held
Erika Cocaciu Trust
since 2024
7 recorded transactions
Zoning & alternative use
R5 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$830,000
+54.8%
Medical building
$820,000
+53.2%
Office building
$785,000
+46.6%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$535,000
Current use
AUTO REPAIR, GARAGE
$830,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$785,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$555,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$191 / 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
$8,369
Tax year 2023
Assessed value
$315,830
Assessed 2023
Previous assessed
$315,830
+0.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$266,000
Improvement market value
$507,860
Total market value
$773,860
Applied tax rate
201.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1949
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
2,720 SF
Lot
0.15 ac (6,600 SF)
Zoning code
R5
APN
1S2E18DA 16200
UPID
US71-1340644
Jurisdiction
MULTNOMAH
Zoning & alternative use
R5 · Portland, OR
Zoning R5 · permitted uses
R5 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$830,000
MEDICAL BUILDING
Est. value
$820,000
OFFICE BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$785,000
RETAIL STORES
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$555,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1949
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
Erika Cocaciu Trust
Trust
Mailing address
5735 SE 60TH AVE, PORTLAND, OR 97206-6013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
—
Erika Cocaciu Trust
Erika Covaciu
Bargain And Sale Deed
—
Jul 3, 2017
$190,000
Greenwood Homes LLC
Erika Covaciu
Warranty Deed
$440,000 · M & T Bank
Sep 1, 2016
—
Erika Covaciu
—
Deed
related
$130,050 · American St Fin'l
Apr 15, 2016
—
Erika Covaciu
Covaciu,benyamin & Mihaela
Quit Claim Deed
related
—
Sep 29, 2008
$297,000
Benyamin Covaciu
Deutsche Bank National Trust Co
Bargain And Sale Deed
$244,898 · American State Financial Corp
Jul 24, 2008
$329,250
Morgan Stanley Ab Trust 2006-wmc2
Northwest Te Svcs INC
Trustees Deed
related
—
Mar 6, 2006
$464,500
Louis Leong
Covaciu,ioan & Erika A
Warranty Deed
$371,600 · Wmc Mortgage Corp
Aug 30, 1995
—
Ioan Covaciu
Covaciu,ioan & Aurica
Quit Claim Deed
related
$100,000 · Landmark Mortgage
—
—
Ioan Covaciu
—
Deed Of Trust
related
$20,860 · Young Trust
—
—
Ioan Covaciu
—
Deed Of Trust
related
$201,142 · Premier Mortgage Resources
—
—
Ioan Covacia
—
Deed Of Trust
related
$51,353 · Young Trust
—
—
Erika A Covaciu
—
Deed Of Trust
related
$42,100 · Headlands Mortgage
—
—
Ericka Covaciu
—
Deed Of Trust
related
$75,850 · Us Bank NA Nd
—
—
Erika Covaciu
—
Loan Modification
related
$130,050 · American St Fin'l
—
—
Ioan Covaciu
—
Deed Of Trust
related
$198,200 · First Horizon Home Loan Corp
—
—
Ioan Covaciu
—
Deed Of Trust
related
$196,700 · Chase Manhattan Mortgage Corp
—
—
Ioan Covaciu
—
Deed Of Trust
related
$157,950 · Cub Funding 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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