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Property profile & analytics
OFF-MARKET
Estimated value
$19,160,000
Assisted living facilities
1005 17th Ave 347 Hillsboro, OR 97124-2789
Entity Owned
15-yr Hold
Free & Clear
Property ID
US71-0603436
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1989
Total area
126,000 SF
Lot
3.84 ac (167,270 SF)
Zoning code
C-G
APN
1N232BB-04401
UPID
US71-0603436
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
$19.16M
Blend (final)
Blend
$19.16M
Owner & transaction history
Hillsboro Investors LLC · 15 yrs held
Hillsboro Investors LLC
since 2011
5 recorded transactions
Zoning & alternative use
C-G · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$30.1M
+19.4%
Apartment house (5+ units)
$28.1M
+11.5%
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 Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro 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)
$25,200,000
Current use
RETAIL STORES
$30,080,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,090,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$22,520,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$19.16M
Range $17.24M – $21.08M · ±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
$152 / 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
$187,938
Tax year 2023
Assessed value
$11,155,170
Assessed 2023
Previous assessed
$10,830,270
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$3,736,500
Improvement market value
$9,799,140
Total market value
$13,535,640
Applied tax rate
7.0000
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
1989
Heating
NONE
Total area
126,000 SF
Lot
3.84 ac (167,270 SF)
Zoning code
C-G
APN
1N232BB-04401
UPID
US71-0603436
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Hillsboro, OR
Zoning C-G · permitted uses
C-G · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. 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
$25.2M
RETAIL STORES
Est. value
$30.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.1M
WAREHOUSE, STORAGE
Est. value
$22.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1989
Heating
NONE
Lot
3.84 ac
Current owner
From public records · entity-resolved
Hillsboro Investors LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 2255, WENATCHEE, WA 98807-2255
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2011
—
Hillsboro Investors LLC
—
Deed Of Trust
related
$10,000,000 · Symetra Life Insurance Co
May 26, 2011
—
Hillsboro Investors LLC
Hillsboro Investors LLC
Quit Claim Deed
—
Nov 1, 1999
$120,000
Lloyd D Sutherland-finch
Sutherland,lloyd A
Grant Deed
related
$120,000 · Seller
May 1, 1988
$670,000
Hillsboro Investors Limited Part
Unknown
Grant Deed
—
—
—
Hillsboro Investors LP
—
Deed Of Trust
related
$4,200,000 · Us Bank NA
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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