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Property profile & analytics
OFF-MARKET
Assisted living facilities
608 118th Ave, Portland, OR 97220-2117
Individually Owned
2-yr Hold
Property ID
US71-1685455
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1993
Total area
3,045 SF
Lot
0.23 ac (10,138 SF)
Zoning code
R2.5
APN
1N2E34AD 03300
UPID
US71-1685455
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
Cristian D Morariu · 2 yrs held
Cristian D Morariu
since 2023
Last sale
$315,000
7 recorded transactions
Zoning & alternative use
R2.5 · Portland, 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 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
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
$10,152
Tax year 2023
Assessed value
$431,930
Assessed 2023
Previous assessed
$419,350
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$327,350
Improvement market value
$426,690
Total market value
$754,040
Applied tax rate
113.0000
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
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
3,045 SF
Lot
0.23 ac (10,138 SF)
Zoning code
R2.5
APN
1N2E34AD 03300
UPID
US71-1685455
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2.5 · Portland, OR
Zoning R2.5 · permitted uses
R2.5 · 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.
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
8
Lot
0.23 ac
Current owner
From public records · entity-resolved
Cristian D Morariu
Individual
Mailing address
3950 SW LAURELWOOD AVE, PORTLAND, OR 97225-2728
Ownership since
2023
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
Nov 14, 2023
—
Cristian D Morariu
Persida S Stana
Intrafamily Transfer
related
—
Oct 18, 2021
—
Cristian D Morariu
Persida S Stana
Intrafamily Transfer
related
$318,500 · United Wholesale Mortgage
May 5, 2020
—
Persida S Stana
Persida Stana
Quit Claim Deed
related
—
Oct 2, 2018
—
Morariu,cristian Living Trust
Morariu,cristian D
Quit Claim Deed
related
—
Mar 19, 2003
$315,000
Persida S Stana
Pribeagu,john & Silvia
Grant Deed
$267,750 · Greenpoint Mortgage Funding
Jan 18, 2002
—
John Pribeagu
—
Deed Of Trust
related
$1,728,985 · Silver State Bank
Sep 13, 1995
$208,000
John Pribeagu
Lonca,cornel & Angela
Grant Deed
$160,000 · Community First Mtg Banking
Jun 1, 1992
$38,000
Cornel Lonca
Unknown
Grant Deed
—
—
—
Persida S Stana
—
Deed Of Trust
related
$282,400 · Bank Of America
—
—
John Pribeagu
—
Deed Of Trust
related
$7,000 · Individual
—
—
John Pribeagu
—
Deed Of Trust
related
$247,500 · Amresco Residential Mtg Corp
—
—
John Pribeagu
—
Deed Of Trust
related
$50,000 · Community First Mtg Banking
—
—
Angela Lonca
—
Deed Of Trust
related
$67,000 · Us National Bank Oregon
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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