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Property profile & analytics
OFF-MARKET
Estimated value
$7,485,000
Apartment buildings
1025 Main St Hillsboro, OR 97123-3745
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0323065
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
31,780 SF
Lot
5.18 ac (225,641 SF)
Zoning code
MFR-2
APN
1N336DB-00700
UPID
US71-0323065
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
$6.28M
Comparable Approach
Comparable
$9.34M
Blend (final)
Blend
$7.49M
Owner & transaction history
West Main Apts LLC · 1 yrs held
West Main Apts LLC
since 2025
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
MFR-2 · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.1M
+43.0%
Restaurant
$9.6M
+35.8%
Commercial (general)
$8.1M
+14.6%
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 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
$5,545,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,800,000
6.5%
$6,280,000
7%
$5,830,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,085,000
Current use
MEDICAL BUILDING
$10,135,000
Change: +43% · Conversion: Moderate
RESTAURANT
$9,620,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,120,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$7,585,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,680,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$7.49M
Range $6.74M – $8.23M · ±10% · vs last sale $7.20M (Feb 10 2025)
Last sale anchor
$7.20M
Feb 10 2025
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
$236 / 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
$56,993
Tax year 2023
Assessed value
$3,382,870
Assessed 2023
Previous assessed
$3,284,340
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$1,000,000
Improvement market value
$7,448,120
Total market value
$8,448,120
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Total area
31,780 SF
Lot
5.18 ac (225,641 SF)
Zoning code
MFR-2
APN
1N336DB-00700
UPID
US71-0323065
Jurisdiction
WASHINGTON
Zoning & alternative use
MFR-2 · Hillsboro, OR
Zoning MFR-2 · permitted uses
MFR-2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$10.1M
RESTAURANT
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$8.1M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
Heating
NONE
Lot
5.18 ac
Current owner
From public records · entity-resolved
West Main Apts LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1847 N 150TH E, CENTERVILLE, UT 84014-1039
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
$7,200,000
West Main Apts LLC
West Main Apartments LLC
Warranty Deed
—
Jan 31, 2020
$6,100,000
West Main Apartments LLC
1025 West Main Street LLC
Warranty Deed
$4,245,000 · Greystone Svcng Corp
Mar 1, 2018
$5,310,000
1025 West Main Street LLC
Mountain View Mobile Hm Cmnty
Warranty Deed
—
Jan 21, 2015
$3,150,000
Mountain View Mobile Hm Cmnty
W Main Investment LLC
Grant Deed
related
—
Dec 31, 2014
$3,150,000
West View Mobile Home Community LLC
W Main Investment LLC
Warranty Deed
$349,000 · Centerline Mortgage Capital INC
Aug 31, 2011
$2,340,000
W Main Investment LLC
Arctus West Main LLC
Warranty Deed
$1,802,000 · Centerline Mortgage Capital INC
Mar 22, 2010
$1,803,112
Arctus West Main LLC
West Main LLC
Warranty Deed
—
Sep 1, 1998
—
West Main LLC
Aapex Mortgage
Grant Deed
related
—
Feb 10, 1995
$1,890,000
Al Mohammadia International Co
Hoggard,j B
Grant Deed
$1,375,000 · North West Life Assurance Co
—
—
J B Hoggard
—
Deed Of Trust
related
$1,200,000 · First Security Bank Oregon
—
—
West Main LLC
—
Deed Of Trust
related
$1,800,000 · Deutsche Banc Mortgage Capital
—
—
Al-mohammadia International Co
—
Deed Of Trust
related
$250,000 · Individual
—
—
West Main LLC
—
Deed Of Trust
related
$1,570,000 · Morgan Guaranty Trust Co Ny
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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