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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Apartment buildings
6628-6630 Garfield Ave Portland, OR 97211
Entity Owned
12-yr Hold
Free & Clear
Property ID
US71-0570523
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Total area
3,236 SF
Lot
0.1 ac (4,520 SF)
Zoning code
CMD
APN
1N1E15AD 12400
UPID
US71-0570523
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
$848k
Blend (final)
Blend
$850k
Owner & transaction history
Geach Investments LLC · 12 yrs held
Geach Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
CMD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+14.8%
Medical building
$975,000
+13.6%
Retail stores
$970,000
+12.9%
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)
$860,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$970,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$935,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$930,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$263 / 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
$8,240
Tax year 2023
Assessed value
$310,950
Assessed 2023
Previous assessed
$301,900
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$438,000
Improvement market value
$426,190
Total market value
$864,190
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
1997
Heating
BASEBOARD
Stories
2
Units
8
Bathrooms
5
Total area
3,236 SF
Lot
0.1 ac (4,520 SF)
Zoning code
CMD
APN
1N1E15AD 12400
UPID
US71-0570523
Jurisdiction
MULTNOMAH
Zoning & alternative use
CMD · Portland, OR
Zoning CMD · permitted uses
CMD · 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
$860,000
AUTO REPAIR, GARAGE
Est. value
$990,000
MEDICAL BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$970,000
OFFICE BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$930,000
APARTMENT HOUSE (5+ UNITS) Current
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
1997
Heating
BASEBOARD
Stories
2
Units
8
Bathrooms
5
Lot
0.1 ac
Current owner
From public records · entity-resolved
Geach Investments LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2735 E 38TH AVE, EUGENE, OR 97405-4402
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2014
$375,000
Geach Investments LLC
Barba,oscar
Warranty Deed
—
Oct 21, 2003
$388,600
Oscar Barba
Jackson,jennice
Grant Deed
$300,000 · National City Mortgage Co
Apr 28, 2000
—
Jennice Jackson
Jackson,jennice A
Quit Claim Deed
related
$210,000 · Washington Mutual Fsb
Sep 2, 1997
—
Jennice A Jackson
—
Grant Deed
related
$147,200 · Albina Community Bank
Nov 5, 1996
$10,500
Jennice A Taylor
Talebi,ardeshir
Grant Deed
—
Jul 19, 1995
$10,500
Jennice A Taylor
Talebi,ardeshir & Mahmoud M
Grant Deed
$10,500 · Seller
—
—
Jennice A Jackson
—
Deed Of Trust
related
$153,592 · Albina Community Bank
—
—
Jennice Jackson
—
Deed Of Trust
related
$300,000 · American Contractors Indemnity
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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