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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
810 Main Ave, Gresham, OR 97030-5538
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0925189
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Total area
1,512 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CUC
APN
1S3E10BB 00600
UPID
US71-0925189
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
$509k
Blend (final)
Blend
$585k
Owner & transaction history
Monson Holdings LLC · 2 yrs held
Monson Holdings LLC
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
CUC · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$455,000
+22.1%
Auto repair, garage
$450,000
+19.8%
Office building
$390,000
+3.9%
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 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
$695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$375,000
Current use
MEDICAL BUILDING
$455,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$390,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $600k (Jul 12 2023)
Last sale anchor
$600k
Jul 12 2023
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
$387 / 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
$5,561
Tax year 2023
Assessed value
$295,360
Assessed 2023
Previous assessed
$286,760
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$847,500
Improvement market value
$226,720
Total market value
$1,074,220
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1923
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,512 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CUC
APN
1S3E10BB 00600
UPID
US71-0925189
Jurisdiction
MULTNOMAH
Zoning & alternative use
CUC · Gresham, OR
Zoning CUC · permitted uses
CUC · 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
COMMERCIAL (GENERAL) Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$450,000
OFFICE BUILDING
Est. value
$390,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1923
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Monson Holdings LLC
Entity
Mailing address
12338 SE 143RD PL, HAPPY VALLEY, OR 97086-6545
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Monson Holdings LLC
Seth Monson Dmd LLC
Quit Claim Deed
related
$523,000 · Summit Bank
Feb 1, 2019
$600,000
Monson Holdings LLC
Main Avenue Properties LLC
Warranty Deed
$474,000 · Bank Of America
Nov 18, 2013
—
Monnes Holdings LLC
Monnes,randall J & Susan
Quit Claim Deed
—
Jun 26, 2008
$275,000
Randall J Monnes
Hessl James G
Warranty Deed
$225,000 · D & J Investments LLC
Oct 25, 2007
$600,000
Randall J Monnes
Hessel,james G & Mary J
Warranty Deed
$675,000 · Ironstone Bank
Apr 26, 2006
$150,000
Hessel Leasing Co
Hessel,donald L
Warranty Deed
—
Apr 26, 2006
$390,000
Donald L Hessel
Hessel Leasing Co Corp
Warranty Deed
—
—
—
Donald L Hessel
—
Deed Of Trust
related
$359,910 · Hessel Leasing Co
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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