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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Apartment buildings
13024 Foster Rd, Portland, OR 97236-4526
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US71-1810037
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1999
Total area
17,025 SF
Lot
0.77 ac (33,687 SF)
Zoning code
R2A
APN
1S2E14CD 04800
UPID
US71-1810037
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
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.71M
Owner & transaction history
Ferguson Investment Props LLC · 12 yrs held
Ferguson Investment Props LLC
since 2014
7 recorded transactions
Zoning & alternative use
R2A · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+28.8%
Auto repair, garage
$5.2M
+14.8%
Medical building
$5.1M
+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)
$4,525,000
Current use
RESTAURANT
$5,830,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,200,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$5,140,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$5,110,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$4,920,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,905,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±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
$218 / 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
$31,945
Tax year 2023
Assessed value
$1,359,140
Assessed 2023
Previous assessed
$1,319,560
+3.0% YoY
Effective rate
2.35%
On assessed value
Land market value
$336,870
Improvement market value
$2,915,420
Total market value
$3,252,290
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
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
Year built
1999
Heating
NONE
Stories
3
Bathrooms
1
Total area
17,025 SF
Lot
0.77 ac (33,687 SF)
Zoning code
R2A
APN
1S2E14CD 04800
UPID
US71-1810037
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2A · Portland, OR
Zoning R2A · permitted uses
R2A · 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
$4.5M
RESTAURANT
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.9M
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
1999
Heating
NONE
Stories
3
Bathrooms
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Ferguson Investment Props LLC
Entity
Mailing address
609 SAHALEE DR SE, SALEM, OR 97306-9159
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2014
$1,900,000
Ferguson Investment Props LLC
Heinrich E E Trust 1998
Warranty Deed
$1,440,000 · First Fed'l S&l Assn/mcminnvil
Aug 29, 2006
$1,590,000
Heinrich Eleonore E Trust
Byrne,james & Mary
Warranty Deed
—
Mar 11, 2003
$1,489,000
James Byrne
Westerman-columbia River Inv
Grant Deed
$1,127,200 · Abn Amro Mortgage Group INC
Jul 16, 1998
—
Wingsong Manor LLC
—
Grant Deed
related
$980,000 · Bank Of Portland
Oct 2, 1997
$185,000
Wingsong Manor LLC
Detour INC
Grant Deed
—
—
—
Westerman-columbia River Inv
—
Deed Of Trust
related
$1,012,500 · Abn Amro Mortgage Group INC
—
—
Eva P Dietz
—
Deed Of Trust
related
$1,950 · Multnomah County (or)
—
—
Heinrich Eleonore E Trust
—
Deed Of Trust
related
$165,000 · Us Bank NA
—
—
Wingsong Manor LLC
—
Deed Of Trust
related
$980,000 · Bank Of Salem
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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