Property profile

120 13th Ave 324 Cornelius, OR 97113

OFF-MARKET
Apartment buildings
Property ID
US71-0823774
38,478 SF
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Total area 38,478 SF
Zoning code CMU
APN 1N333DD-90002
UPID US71-0823774

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 13th Ave, Unit 324 Cornelius, OR 97113-8924
Cornelius metro Census 32901 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.55M
Blend (final) Blend
$430k

Owner & transaction history

Zoning & alternative use

CMU · Cornelius, OR
Zoning description

CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (…

General category MIXED_USE
Top alternative use upside
Medical building $12.3M +43.5%
Restaurant $11.7M +36.2%
Commercial (general) $10.7M +24.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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