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Property profile & analytics
OFF-MARKET
Estimated value
$5,530,000
Apartment buildings
12070 Fischer Rd P308, Portland, OR 97224-2399
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0103412
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Total area
14,000 SF
Lot
10.01 ac (436,036 SF)
Zoning code
R-24
APN
2S115C0-00500
UPID
US71-0103412
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
-
Dale's Woodworking Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Pdx Pristine Cleaning Services LLC Hardware & Home Improvement
-
Riverwood Heights Apartments Apartment Complex
-
Axis 3 Consulting Consultant
-
Gia’s Home Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.53M
Owner & transaction history
R & S Property Holdings LLC · 10 yrs held
R & S Property Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-24 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+28.8%
Auto repair, garage
$4.3M
+14.8%
Medical building
$4.2M
+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)
$3,720,000
Current use
RESTAURANT
$4,795,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,275,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$4,230,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$4,205,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$4,045,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,030,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$5.53M
Range $4.98M – $6.08M · ±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
$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
$345,272
Tax year 2023
Assessed value
$21,345,500
Assessed 2023
Previous assessed
$20,723,790
+3.0% YoY
Effective rate
1.62%
On assessed value
Land market value
$6,000,000
Improvement market value
$80,931,410
Total market value
$86,931,410
Applied tax rate
23.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
14
Total area
14,000 SF
Lot
10.01 ac (436,036 SF)
Zoning code
R-24
APN
2S115C0-00500
UPID
US71-0103412
Jurisdiction
WASHINGTON
Zoning & alternative use
R-24 · Portland, OR
Zoning R-24 · permitted uses
R-24 · 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
$3.7M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
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
1990
Heating
NONE
Buildings
14
Lot
10.01 ac
Current owner
From public records · entity-resolved
R & S Property Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
27520 HAWTHORNE BLVD STE #205, ROLLING HILLS ESTATES, CA 90274-3549
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2016
—
R & S Property Holdings LLC
R & S Property Holdings LLC
Quit Claim Deed
—
May 17, 2016
$1,147,031
R & S Property Holdings LLC
Great Scotts Oregon Props LLC
Grant Deed
related
$17,000,000 · Miscellaneous Ins Co
May 5, 2016
$2,581,100
Tmc Oregon LLC
S & R Ents LLC
Grant Deed
—
May 5, 2016
—
R & S Property Holdings LLC
S & R Ents LLC
Grant Deed
related
—
Mar 10, 2009
—
Tmc Oregon LLC
Medical Centre
Trustees Deed
$10,000,000 · State Farm Life Insurance Co
Mar 4, 2004
—
Wahoo-oregon Rentals LLC
Amy,stanley R
Grant Deed
$9,200,000 · Nationwide Life Insurance Co
May 1, 1989
$270,000
Mueller Development Co
Unknown
Grant Deed
—
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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