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Property profile & analytics
OFF-MARKET
Estimated value
$24,575,000
Apartment buildings
12636 Alder St, Portland, OR 97233-1680
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0565860
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Total area
102,241 SF
Lot
3.94 ac (171,626 SF)
Zoning code
R1A
APN
1S2E02BB 00500
UPID
US71-0565860
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
-
Alder Crossing Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.58M
Blend (final)
Blend
$24.58M
Owner & transaction history
Alder Crossing Apartments LLC · 8 yrs held
Alder Crossing Apartments LLC
since 2017
3 recorded transactions
Zoning & alternative use
R1A · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.0M
+74.0%
Auto repair, garage
$31.2M
+55.2%
Medical building
$30.9M
+53.5%
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 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)
$20,120,000
Current use
RESTAURANT
$35,015,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,220,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$30,880,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$29,550,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$26,755,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$24,745,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$24.58M
Range $22.12M – $27.03M · ±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
$240 / 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
$235,440
Tax year 2023
Assessed value
$10,017,160
Assessed 2023
Previous assessed
$9,725,400
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$1,716,260
Improvement market value
$16,447,530
Total market value
$18,163,790
Applied tax rate
113.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Year built
1997
Heating
NONE
Buildings
2
Stories
1
Total area
102,241 SF
Lot
3.94 ac (171,626 SF)
Zoning code
R1A
APN
1S2E02BB 00500
UPID
US71-0565860
Jurisdiction
MULTNOMAH
Zoning & alternative use
R1A · Portland, OR
Zoning R1A · permitted uses
R1A · 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
$20.1M
RESTAURANT
Est. value
$35.0M
AUTO REPAIR, GARAGE
Est. value
$31.2M
MEDICAL BUILDING
Est. value
$30.9M
OFFICE BUILDING
Est. value
$29.6M
COMMERCIAL (GENERAL)
Est. value
$26.8M
RETAIL STORES
Est. value
$24.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Heating
NONE
Stories
1
Buildings
2
Lot
3.94 ac
Current owner
From public records · entity-resolved
Alder Crossing Apartments LLC
Entity
Mailing address
7420 SW HUNZIKER RD STE A, TIGARD, OR 97223-8242
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2017
—
Alder Crossing Apartments LLC
Starcrest Manor Apartments LLC
Warranty Deed
$9,000,000 · Coramerica Loan Company LLC
Dec 20, 2007
—
Starcrest Manor Apartments LLC
Jmw Properties LLC
Warranty Deed
$7,000,000 · Aviva Life & Annuity Co
Nov 4, 1996
$445,000
Real Estate Exchange INC
Wells Fargo Bank Trustee
Grant Deed
$4,507,500 · First Security Bank Oregon
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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