Entity Owned Property summary
AI-generated overview
This 36-unit apartment building presents a compelling value-add investment opportunity in Tigard, Oregon. Built in 1971, the property consists of six, two-story buildings totaling 32,739 square feet on a 1.6-acre lot. The complex features 35 two-bedroom, one-bathroom units averaging 877 square feet and one three-bedroom, two-bathroom unit. Current average rent for the two-bedroom units is approximately 12% below market rate, offering significant rental upside potential. Recent renovations include luxury vinyl plank flooring, custom interior paint, SmartLock keyless entry, stainless steel appliances, new cabinets, and updated lighting. Desirable amenities include a community pool, private yards, air conditioning, and on-site laundry facilities. The property is zoned R12 and is conveniently located near Downtown Tigard, offering residents easy access to shopping, dining, and transportation options, including proximity to the Beaverton Transit Center and Portland International Airport. This well-maintained property, with its substantial rental upside and attractive amenities, represents a strong investment opportunity in a thriving Oregon market. The property's location in Washington County, Oregon's second most populous county, further enhances its investment appeal.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
27,792 SF
Lot
1.61 ac (70,132 SF)
Zoning code
R-12
APN
1S135CA-00800
UPID
US71-0560917
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Building
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.54M
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$6.87M
Owner & transaction history
since 2022
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
R-12 · Portland, OR
Top alternative use upside
Restaurant
$9.5M
+28.8%
Auto repair, garage
$8.5M
+14.8%
Medical building
$8.4M
+13.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.87M
Value range
$6.18M – $7.55M
±10% around blend
Estimated value / SF
$247 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$6.18M
blend $6.87M
$7.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,792 SF
Lot area
1.61 ac
Year built
1969
APN
1S135CA-00800
Zoning
R-12
Assessed value
$2,004,010
Annual tax
$35,275
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.54M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.01M
@ 6.5% CAP return
$5.54M
@ 7% CAP return
$5.15M
4
Sales comparison
Partial preview
Sales approach indication
$5.46M
Range $4.42M – $10.98M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.87M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 440 sales
$266
-7%
County 34 sales
$222
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $247/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+29%
vs current-use indication
Auto Repair, Garage
Medical Building
Retail Stores
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.20%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.20%
9.0%
NOI (est.)
$547k *
Last sale · Aug 2022
$7.82M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.52M
Move the market yield to see immediate price impact.
Value / SF
$379
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.70%5.20%5.70%
$492k
$10.48M
$9.47M
$8.64M
$547k
$11.64M
$10.52M
$9.60M
$602k
$12.80M
$11.57M
$10.56M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,275
Tax year 2023
Assessed value
$2,004,010
Assessed 2023
Previous assessed
$1,945,650
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$990,000
Improvement market value
$8,484,200
Total market value
$9,474,200
Applied tax rate
23.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1969
Heating
NONE
Total area
27,792 SF
Lot
1.61 ac (70,132 SF)
Zoning code
R-12
APN
1S135CA-00800
UPID
US71-0560917
Jurisdiction
WASHINGTON
Zoning & alternative use
R-12 · Portland, ORZoning R-12 · permitted uses
R-12 · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
1.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-12
Jurisdiction
Portland, OR
Recorded code
R-12
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-12 in Portland, OR.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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