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Property profile & analytics
OFF-MARKET
Estimated value
$20,230,000
Apartment buildings
8780 Columbia Blvd 8990, Portland, OR 97203-1077
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0973926
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
FRAME
Total area
76,084 SF
Lot
5.62 ac (244,807 SF)
Zoning code
R2
APN
1N1W01AB 00800
UPID
US71-0973926
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
$20.23M
Blend (final)
Blend
$20.23M
Owner & transaction history
Post Ridgecrest LP · 7 yrs held
Post Ridgecrest LP
since 2019
7 recorded transactions
Zoning & alternative use
R2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.1M
+28.8%
Auto repair, garage
$23.2M
+14.8%
Medical building
$23.0M
+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)
$20,230,000
Current use
RESTAURANT
$26,055,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,230,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$22,980,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$21,990,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,910,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$19,045,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$20.23M
Range $18.21M – $22.25M · ±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
$266 / 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
Land market value
$2,017,450
Improvement market value
$5,987,880
Total market value
$8,005,330
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
1979
Construction
FRAME
Heating
NONE
Stories
2
Units
97
Total area
76,084 SF
Lot
5.62 ac (244,807 SF)
Zoning code
R2
APN
1N1W01AB 00800
UPID
US71-0973926
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2 · Portland, OR
Zoning R2 · permitted uses
R2 · 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
$20.2M
RESTAURANT
Est. value
$26.1M
AUTO REPAIR, GARAGE
Est. value
$23.2M
MEDICAL BUILDING
Est. value
$23.0M
OFFICE BUILDING
Est. value
$22.0M
COMMERCIAL (GENERAL)
Est. value
$21.9M
RETAIL STORES
Est. value
$19.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1979
Construction
FRAME
Heating
NONE
Stories
2
Units
97
Lot
5.62 ac
Current owner
From public records · entity-resolved
Post Ridgecrest LP
Entity
Free & Clear · 7 yrs held
Mailing address
8149 SANTA MONICA BLVD #298, WEST HOLLYWOOD, CA 90046-4912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jun 27, 2019
—
Post Ridgecrest LP
City Of Portland
Quit Claim Deed
related
—
Aug 10, 2018
$8,700,000
Post Ridgecrest LP
Ridgecrest Timbers Apts LLC
Grant Deed
$6,630,000 · Cbre Cap Markets
Nov 15, 2013
$4,600,000
Ridgecrest Timbers Apartments
Bdc Of Portland Ridgecrest LLC
Grant Deed
—
Sep 29, 2011
$3,950,000
Bdc Of Portland Ridgecrest LLC
Ridgecrest Lih LP
Warranty Deed
related
—
—
—
Bdc Of Portland Ridgecrest LLC
—
Loan Modification
related
$166,883 · Oregon State
—
—
Bdc Of Portland Ridgecrest LLC
—
Loan Modification
related
$3,800,000 · Oregon State
—
—
Post Ridgecrest LP
—
Deed Of Trust
related
$8,267,000 · Cbre Cap Markets
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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