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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Apartment buildings
6270 Columbia Way 6280, Portland, OR 97203-1855
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-1006720
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
FRAME
Total area
15,300 SF
Lot
0.57 ac (24,780 SF)
Zoning code
R1
APN
1N1E06DC 02500
UPID
US71-1006720
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
$2.89M
Blend (final)
Blend
$2.89M
Owner & transaction history
Godwin Nwerem · 19 yrs held
Godwin Nwerem
since 2006
7 recorded transactions
Zoning & alternative use
R1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+14.8%
Medical building
$4.6M
+13.6%
Office building
$4.4M
+8.7%
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)
$4,070,000
Current use
AUTO REPAIR, GARAGE
$4,670,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$4,620,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$4,420,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,405,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$3,830,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$189 / 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
$28,047
Tax year 2023
Assessed value
$1,058,430
Assessed 2023
Previous assessed
$1,027,610
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,362,900
Improvement market value
$1,916,530
Total market value
$3,279,430
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
1977
Construction
FRAME
Heating
NONE
Stories
3
Units
26
Total area
15,300 SF
Lot
0.57 ac (24,780 SF)
Zoning code
R1
APN
1N1E06DC 02500
UPID
US71-1006720
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
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1977
Construction
FRAME
Heating
NONE
Stories
3
Units
26
Lot
0.57 ac
Current owner
From public records · entity-resolved
Godwin Nwerem
Individual
Mailing address
1026 NE PRESCOTT ST, PORTLAND, OR 97211-4548
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2006
$562,500
Godwin Nwerem
Marvin,richard
Grant Deed
$625,000 · Bankers Mutual
Oct 13, 2006
—
Richard Marvin
Gryphon Ents LLC
Grant Deed
—
Jun 3, 2004
$1,008,000
Rick Marvin
Radke,merlin F
Warranty Deed
$708,000 · Merlin F Radke
Jun 13, 2001
$162,000
Terry W Emmert
Radke,merlin F
Grant Deed
—
Oct 1, 1996
—
Walid A Jajou
Coin Meter Co
Quit Claim Deed
related
—
Oct 1, 1996
$750,000
Radke,merlin F
Jajou,walid A & Vivian N
Trustees Deed
$525,000 · Colonial Banking Co
Aug 1, 1991
$450,000
Walid A Jajou
Unknown
Grant Deed
—
—
—
Walid A Jajou
—
Deed Of Trust
related
$380,000 · First Security Bank Oregon
—
—
Marlin F Radke
—
Deed Of Trust
related
$652,000 · Us Bank NA
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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