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Property profile & analytics
OFF-MARKET
Estimated value
$12,445,000
Apartment buildings
800 Vis Ave 864, Portland, OR 97205-1223
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0452511
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1942
Total area
40,648 SF
Lot
1.38 ac (59,982 SF)
Zoning code
RHD
APN
1N1E33CD 03900
UPID
US71-0452511
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
$12.45M
Blend (final)
Blend
$12.45M
Owner & transaction history
Vista Apartments LLC · 17 yrs held
Vista Apartments LLC
since 2008
1 recorded transaction
Zoning & alternative use
RHD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.9M
+28.8%
Auto repair, garage
$12.4M
+14.8%
Medical building
$12.3M
+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)
$10,805,000
Current use
RESTAURANT
$13,920,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,410,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$12,280,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$12,205,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$11,750,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,705,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$12.45M
Range $11.20M – $13.69M · ±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
$306 / 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
$120,859
Tax year 2023
Assessed value
$4,565,260
Assessed 2023
Previous assessed
$4,432,300
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$8,030,880
Improvement market value
$4,616,410
Total market value
$12,647,290
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
1942
Heating
NONE
Stories
1
Total area
40,648 SF
Lot
1.38 ac (59,982 SF)
Zoning code
RHD
APN
1N1E33CD 03900
UPID
US71-0452511
Jurisdiction
MULTNOMAH
Zoning & alternative use
RHD · Portland, OR
Zoning RHD · permitted uses
RHD · 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
$10.8M
RESTAURANT
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$12.4M
MEDICAL BUILDING
Est. value
$12.3M
RETAIL STORES
Est. value
$12.2M
OFFICE BUILDING
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$11.7M
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
1942
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Vista Apartments LLC
Entity
Free & Clear · 17 yrs held
Mailing address
3811 S BARBUR BLVD, PORTLAND, OR 97239-4381
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2008
—
Vista Apartments LLC
Bishop,broughton H JR
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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