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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Apartment buildings
6010 Flanders St 6060 Portland, OR 97213-3870
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US71-0720847
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
29,161 SF
Lot
1.29 ac (56,236 SF)
Zoning code
R1
APN
1N2E31DA 04500
UPID
US71-0720847
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
Current use
Occupant on record · Public records
-
City Houses Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$9.10M
Owner & transaction history
Paradise 39 Grape LLC · 15 yrs held
Paradise 39 Grape LLC
since 2010
7 recorded transactions
Zoning & alternative use
R1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+28.8%
Auto repair, garage
$8.9M
+14.8%
Medical building
$8.8M
+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)
$7,755,000
Current use
RESTAURANT
$9,985,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,905,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$8,810,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$8,430,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,345,000
Change: -5% · Conversion: Moderate
RETAIL STORES
$6,690,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±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
$312 / 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
$88,440
Tax year 2023
Assessed value
$3,337,520
Assessed 2023
Previous assessed
$3,240,320
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,249,800
Improvement market value
$6,390,820
Total market value
$8,640,620
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Heating
NONE
Stories
1
Total area
29,161 SF
Lot
1.29 ac (56,236 SF)
Zoning code
R1
APN
1N2E31DA 04500
UPID
US71-0720847
Jurisdiction
MULTNOMAH
Zoning & alternative use
R1 · Portland, OR
Zoning R1 · permitted uses
R1 · 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
$7.8M
RESTAURANT
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.8M
OFFICE BUILDING
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$7.3M
RETAIL STORES
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1948
Heating
NONE
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Paradise 39 Grape LLC
Entity
Mailing address
6010 NE FLANDERS ST APT B1, PORTLAND, OR 97213-3870
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2016
—
Paradise 39 Grape LLC
—
Deed
related
$5,940,000 · Umpqua Bk
Dec 27, 2010
—
Paradise 39 Grape LLC
—
Deed Of Trust
related
$3,450,000 · Pacific Continental Bank
Nov 4, 2010
—
Paradise 39 Grape LLC
Saunders,thomas G
Grant Deed
related
—
Sep 18, 2008
—
Thomas G Saunders
—
Deed Of Trust
related
$3,450,000 · Pacific Continental Bank
Feb 7, 2006
$194,000
Thomas G Saunders
City Houses INC
Warranty Deed
—
Oct 13, 2004
—
City Houses INC
—
Trustees Deed
related
$350,000 · Pacific Continental Bank
Mar 12, 2004
—
City Houses INC
—
Deed Of Trust
related
$2,750,000 · Pacific Continental Bank
Nov 14, 2002
—
City Houses INC
—
Deed Of Trust
related
$1,700,000 · Pacific Continental Bank
—
—
Paradise 39 Grape LLC
—
Deed Of Trust
related
$5,940,000 · Umpqua Bk
—
—
Paradise 39 Grape LLC
—
Deed Of Trust
related
$4,600,000 · Sterling Savings Bank
—
—
City Houses INC
—
Deed Of Trust
related
$200,000 · Pacific Continental Bank
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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