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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Apartment buildings
9801 Glisan St 9823, Portland, OR 97220-4451
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-0406551
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Total area
7,577 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RXD
APN
1N2E33AD 04400
UPID
US71-0406551
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
Current use
Occupant on record · Public records
-
Red Cape Box Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$3.00M
Owner & transaction history
Cape Manor Apartment INC · 9 yrs held
Cape Manor Apartment INC
since 2017
7 recorded transactions
Zoning & alternative use
RXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+28.8%
Auto repair, garage
$2.3M
+14.8%
Medical building
$2.3M
+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)
$2,015,000
Current use
RESTAURANT
$2,595,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,315,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,290,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$2,275,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,190,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,045,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±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
$395 / 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
$28,101
Tax year 2023
Assessed value
$1,195,590
Assessed 2023
Previous assessed
$1,160,770
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$1,056,330
Improvement market value
$1,731,300
Total market value
$2,787,630
Applied tax rate
712.0000
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
1920
Heating
BASEBOARD
Buildings
3
Stories
2
Bathrooms
29
Total area
7,577 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RXD
APN
1N2E33AD 04400
UPID
US71-0406551
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, OR
Zoning RXD · permitted uses
RXD · 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
$2.0M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
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
1920
Heating
BASEBOARD
Stories
2
Buildings
3
Bathrooms
29
Lot
0.97 ac
Current owner
From public records · entity-resolved
Cape Manor Apartment INC
Entity
Mailing address
661 SE 162ND AVE, PORTLAND, OR 97233-3903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2017
—
Cape Manor Apartment INC
—
Deed
related
$1,667,000 · Arbor Agcy Lndg LLC
Jan 3, 2017
$2,100,000
Cape Manor Apartment INC
Black Diamond Holding LLC
Grant Deed
—
Dec 23, 2016
$2,100,000
Cape Manor Apartment INC
Black Diamond Holding LLC
Warranty Deed
—
Dec 5, 2016
—
Black Diamond Holding
—
Deed
related
$77,500 · Wgs Investments INC Wgs Investments INC
May 13, 2015
$1,325,000
Black Diamond Holding LLC
Hayden Anne K Trust
Warranty Deed
—
May 16, 2005
—
Hayden Anne K Trust
Hayden Anne K Trust
Quit Claim Deed
related
—
Jun 2, 2004
—
Hayden,tr
Web Service Co INC
Quit Claim Deed
related
$523,000 · Washington Mutual Fsb
—
—
Hayden Anne K Trust
—
Deed Of Trust
related
$780,000 · Washington Mutual Fsb
—
—
Black Diamond Holding
—
Deed Of Trust
related
$19,000 · Ryley E Schultz
—
—
Black Diamond Holding
—
Deed Of Trust
related
$500,000 · Peter J Postma
—
—
Black Diamond Holding
—
Deed Of Trust
related
$500,000 · Gft Ira LLC
—
—
Cape Manor Apartment INC
—
Deed Of Trust
related
$1,667,000 · Arbor Agcy Lndg LLC
—
—
Black Diamond Holding
—
Deed Of Trust
related
$77,500 · Wgs Investments INC Wgs Investments INC
—
—
Black Diamond Holding
—
Deed Of Trust
related
$77,500 · Roth Deferral Account
—
—
Black Diamond Holding
—
Deed Of Trust
related
$155,000 · David W Grotenhuis
—
—
Hayden,tr
—
Deed Of Trust
related
$30,000 · Richard A Hayden
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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