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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Assisted living facilities
931 Linden Ave, Gresham, OR 97030-5600
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-0065611
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2011
Total area
24,310 SF
Lot
0.24 ac (10,454 SF)
Zoning code
DR30
APN
1S3E10AB 03000
UPID
US71-0065611
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
$4.39M
Blend (final)
Blend
$4.39M
Owner & transaction history
Linden Manor LLC · 14 yrs held
Linden Manor LLC
since 2011
7 recorded transactions
Zoning & alternative use
DR30 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+54.5%
Apartment house (5+ units)
$6.4M
+37.2%
Office building
$6.3M
+34.0%
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
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,665,000
Current use
AUTO REPAIR, GARAGE
$7,205,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,400,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$6,255,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,015,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±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
$181 / 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
$49,041
Tax year 2023
Assessed value
$2,604,740
Assessed 2023
Previous assessed
$2,528,880
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$296,250
Improvement market value
$4,609,570
Total market value
$4,905,820
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Stories
3
Bathrooms
2
Total area
24,310 SF
Lot
0.24 ac (10,454 SF)
Zoning code
DR30
APN
1S3E10AB 03000
UPID
US71-0065611
Jurisdiction
MULTNOMAH
Zoning & alternative use
DR30 · Gresham, OR
Zoning DR30 · permitted uses
DR30 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2011
Heating
FORCED AIR
Stories
3
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Linden Manor LLC
Entity
Mailing address
2265 E MURRAY HOLLADAY RD, HOLLADAY, UT 84117-5379
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Tp Adara Oaks LLC
—
Deed
related
$9,880,000 · Cibc Bank USA
Nov 1, 2021
—
Tp Adara Oaks LLC
—
Deed
related
$9,880,000 · Cibc Bank USA
Apr 21, 2021
—
931 Ne Linden Ave LLC
—
Deed
related
$5,260,000 · Oregon State Cu
Jul 15, 2011
$3,625,000
Linden Manor LLC
Lewis,larry J & Cynthia L
Grant Deed
$1,960,000 · Riverview Community Bank
Sep 24, 2009
—
Larry J Lewis
—
Deed Of Trust
related
$2,400,000 · J Frank Schmidt & Son Co Psp &
Jun 30, 2006
$192,000
Linden Properties LLC
Lambert,ronald & Rose
Warranty Deed
$191,900 · Mbank
Mar 29, 2006
—
Ronald Lambert
Robbins Lynn C Trust
Warranty Deed
related
—
Nov 10, 2005
—
Robbins Lynn C Trust
Robbins,lynn C
Quit Claim Deed
related
—
Sep 13, 1994
$95,000
Lynn C Robbins
Matteson,donald T & Amy
Grant Deed
$94,632 · Demark Financial Corp
Dec 1, 1992
$68,000
Donald T Matteson
Unknown
Grant Deed
—
Jul 15, 1991
$55,000
Michael J Salyer
Owens,mabel N
Grant Deed
$51,000 · Owens Mabel N
—
—
Lynn C Robbins
—
Deed Of Trust
related
$15,000 · Key Bank Fsb
—
—
Lynn C Robbins
—
Deed Of Trust
related
$108,000 · First Nationwide Mortgage Corp
—
—
Linden Manor LLC
—
Deed Of Trust
related
$1,410,000 · Ccd Business Development
—
—
Lynn C Robbins
—
Deed Of Trust
related
$20,000 · Us Bank
—
—
Lynn C Robbins
—
Deed Of Trust
related
$20,000 · Pace Cu
—
—
Lynn C Robbins
—
Deed Of Trust
related
$30,000 · Citibank Fsb
—
—
Lynn C Robbins
—
Deed Of Trust
related
$47,000 · Pace Cu
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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