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Property profile & analytics
OFF-MARKET
Estimated value
$10,215,000
Apartment buildings
805 Kane Dr, Gresham, OR 97030-5926
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1002123
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
FRAME
Total area
46,582 SF
Lot
2.11 ac (91,912 SF)
Zoning code
MDR24
APN
1S3E11AB 02800
UPID
US71-1002123
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
$9.20M
Comparable Approach
Comparable
$11.55M
Blend (final)
Blend
$10.22M
Owner & transaction history
Ah Gresham Park LLC · 5 yrs held
Ah Gresham Park LLC
since 2020
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
MDR24 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.7M
+35.9%
Medical building
$14.1M
+14.8%
Auto repair, garage
$13.8M
+12.6%
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 Gresham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gresham 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
$11,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,970,000
6.5%
$9,200,000
7%
$8,545,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,260,000
Current use
RESTAURANT
$16,660,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$14,075,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,805,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$11,980,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,530,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$10.22M
Range $9.19M – $11.24M · ±10% · vs last sale $8.80M (Dec 31 2020)
Last sale anchor
$8.80M
Dec 31 2020
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
$219 / 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
$80,511
Tax year 2023
Assessed value
$4,276,180
Assessed 2023
Previous assessed
$4,151,640
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,102,940
Improvement market value
$7,761,120
Total market value
$8,864,060
Applied tax rate
26.0000
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
1991
Construction
FRAME
Heating
NONE
Stories
3
Units
51
Total area
46,582 SF
Lot
2.11 ac (91,912 SF)
Zoning code
MDR24
APN
1S3E11AB 02800
UPID
US71-1002123
Jurisdiction
MULTNOMAH
Zoning & alternative use
MDR24 · Gresham, OR
Zoning MDR24 · permitted uses
MDR24 · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gresham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.3M
RESTAURANT
Est. value
$16.7M
MEDICAL BUILDING
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$13.8M
OFFICE BUILDING
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1991
Construction
FRAME
Heating
NONE
Stories
3
Units
51
Lot
2.11 ac
Current owner
From public records · entity-resolved
Ah Gresham Park LLC
Entity
Mailing address
6218 N CONCORD AVE, PORTLAND, OR 97217-4737
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$79,000
Ah Gresham Park LLC
Gresham Park LLC
Warranty Deed
related
$32,458 · Bellwether Ent Mtg Invs LLC
Nov 30, 2017
$8,800,000
Gresham Park LLC
Gresham Park Apartments LLC
Warranty Deed
$6,559,000 · Bellwether Enterprise Mortgage Inve
Jan 27, 2016
$5,525,000
Gresham Park Apartments LLC
Don Michael Kitterman JR
Warranty Deed
$4,143,750 · Jpmorgan Chase Bank NA
Mar 13, 2009
—
Don M Kitterman JR.
Defrees,michael J
Grant Deed
related
—
Aug 19, 1992
$112,000
Margaret L Lavallee
Hall,bonnie
Grant Deed
$60,000 · Home Savings Of America
—
—
Terry O Phillips
—
Deed Of Trust
related
$1,630,000 · Wells Fargo Bank
—
—
Margaret L Lavallee
—
Deed Of Trust
related
$50,700 · Mila Invest Fin Ser
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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