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Property profile & analytics
OFF-MARKET
Estimated value
$7,035,000
Apartment buildings
715 King Ave, Portland, OR 97205-1455
Entity Owned
7-yr Hold
Free & Clear
Property ID
US71-0148070
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1911
Total area
27,072 SF
Lot
0.12 ac (5,443 SF)
Zoning code
CXD
APN
1N1E33CA 15000
UPID
US71-0148070
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
Current use
Occupant on record · Public records
-
Tobin Guthrie Photography Wedding Service Photography Service
-
Vista Heights Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.03M
Blend (final)
Blend
$7.04M
Owner & transaction history
Seamount Vista LLC · 7 yrs held
Seamount Vista LLC
since 2018
5 recorded transactions
Zoning & alternative use
CXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+28.8%
Auto repair, garage
$8.3M
+14.8%
Medical building
$8.2M
+13.6%
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)
$7,200,000
Current use
RESTAURANT
$9,270,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,265,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$8,175,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$8,130,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$7,825,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,795,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$7.04M
Range $6.33M – $7.74M · ±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
$260 / 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
$68,293
Tax year 2023
Assessed value
$2,579,650
Assessed 2023
Previous assessed
$2,504,520
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$733,630
Improvement market value
$7,730,400
Total market value
$8,464,030
Applied tax rate
1.0000
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
1911
Heating
NONE
Stories
1
Total area
27,072 SF
Lot
0.12 ac (5,443 SF)
Zoning code
CXD
APN
1N1E33CA 15000
UPID
US71-0148070
Jurisdiction
MULTNOMAH
Zoning & alternative use
CXD · Portland, OR
Zoning CXD · permitted uses
CXD · 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
$7.2M
RESTAURANT
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.2M
RETAIL STORES
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1911
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Seamount Vista LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1539 NW 19TH AVE, PORTLAND, OR 97209-1702
Ownership since
2018
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
Dec 27, 2018
$1,513,200
Seamount Vista LLC
Seamount Vista LLC
Grant Deed
—
Dec 27, 2018
—
Western Finl Group LLC
Seamount Vista LLC
Grant Deed
related
—
May 12, 1994
—
Wpl Associates Xx
Wpl Associates X
Quit Claim Deed
related
$82,000 · Individual
—
—
Seamount Vista LLC
—
Deed Of Trust
related
$2,900,000 · First Republic Bank
—
—
Seamount Vista LLC
—
Deed Of Trust
related
$1,750,000 · Washington Mutual Fsb
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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