Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$25,380,000
Apartment buildings
700 Cesar E Chavez Blvd Portland, OR 97214-3597
Trust Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0916049
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
63,557 SF
Lot
1.25 ac (54,319 SF)
Zoning code
CN2
APN
1S1E01AA 05600
UPID
US71-0916049
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
$25.38M
Blend (final)
Blend
$25.38M
Owner & transaction history
Nelson Thomas A Trust · 17 yrs held
Nelson Thomas A Trust
since 2008
5 recorded transactions
Zoning & alternative use
CN2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.8M
+15.7%
Retail stores
$20.5M
+8.7%
Auto repair, garage
$19.4M
+3.2%
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)
$18,810,000
Current use
RESTAURANT
$21,765,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$20,450,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,405,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$19,195,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$18,430,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$18,370,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$25.38M
Range $22.84M – $27.92M · ±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
$399 / 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
$239,099
Tax year 2023
Assessed value
$9,023,050
Assessed 2023
Previous assessed
$8,760,250
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,019,000
Improvement market value
$23,158,100
Total market value
$25,177,100
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
2013
Heating
NONE
Buildings
2
Total area
63,557 SF
Lot
1.25 ac (54,319 SF)
Zoning code
CN2
APN
1S1E01AA 05600
UPID
US71-0916049
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN2 · Portland, OR
Zoning CN2 · permitted uses
CN2 · 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
$18.8M
RESTAURANT
Est. value
$21.8M
RETAIL STORES
Est. value
$20.5M
AUTO REPAIR, GARAGE
Est. value
$19.4M
MEDICAL BUILDING
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$18.4M
OFFICE BUILDING
Est. value
$18.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2013
Heating
NONE
Buildings
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
Nelson Thomas A Trust
Trust
Mailing address
735 SW 158TH AVE, BEAVERTON, OR 97006-4904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2014
—
Udg Alder LLC
—
Grant Deed
related
$8,950,000 · M&t R/e Trust (ct)
Oct 31, 2008
—
Nelson Thomas A Trust
Nelson,thomas A
Quit Claim Deed
related
—
—
—
Nelson,thomas A Trust
—
Deed Of Trust
related
$50,000 · Dr Horton INC Portland
—
—
Udg Alder LLC
—
Deed Of Trust
related
$11,500,000 · M&t Rlty Cap
—
—
Nelson,thomas A Trust
—
Deed Of Trust
related
$100,000 · James & Gail Nelson
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 700 Cesar E Chavez Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
