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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Apartment buildings
6640 M L King Blvd, Portland, OR 97211-3036
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0169809
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
13,602 SF
Lot
0.11 ac (4,914 SF)
Zoning code
EXDH
APN
1N1E14BC 16800
UPID
US71-0169809
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
$2.69M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.65M
Owner & transaction history
Vu Renovations 024 LLC · 1 yrs held
Vu Renovations 024 LLC
since 2025
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
EXDH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+14.8%
Medical building
$4.1M
+13.6%
Retail stores
$4.1M
+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
$2,615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,910,000
6.5%
$2,685,000
7%
$2,495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,615,000
Current use
AUTO REPAIR, GARAGE
$4,155,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$4,110,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$4,085,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$3,930,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,915,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $3.00M (Jul 3 2025)
Last sale anchor
$3.00M
Jul 3 2025
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
$195 / 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
$22,296
Tax year 2023
Assessed value
$841,410
Assessed 2023
Previous assessed
$816,903
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$393,120
Improvement market value
$2,194,710
Total market value
$2,587,830
Applied tax rate
710.0000
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
2021
Heating
NONE
Total area
13,602 SF
Lot
0.11 ac (4,914 SF)
Zoning code
EXDH
APN
1N1E14BC 16800
UPID
US71-0169809
Jurisdiction
MULTNOMAH
Zoning & alternative use
EXDH · Portland, OR
Zoning EXDH · permitted uses
EXDH · 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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
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
2021
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Vu Renovations 024 LLC
Entity
Mailing address
PO BOX 11778, PORTLAND, OR 97211-0778
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
$3,000,000
Vu Renovations 024 LLC
Cornice Group LLC
Warranty Deed
$2,118,750 · Mcb Cre INC
Apr 6, 2017
—
Cornice Group LLC
Portland Redevelopment LLC
Grant Deed
related
—
Mar 13, 2012
—
Portland Redevelopment LLC
Regional Te Svcs Corp
Trustees Deed
related
—
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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