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Property profile & analytics
OFF-MARKET
Garden apartment buildings
16000 Wi Se Alder St Portland, OR 97233
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US71-0071783
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Lot
0.49 ac (21,350 SF)
Zoning code
R2A
APN
1S2E01AA 03600
UPID
US71-0071783
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
-
Arriaga Construction Construction Company
-
Alder Village Apartments Apartment Building
-
Side Temple Spiritual Center
-
A Plus Management Apartment Building
-
Liberty Home Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alder Village INC · 11 yrs held
Alder Village INC
since 2015
6 recorded transactions
Zoning & alternative use
R2A · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,364
Tax year 2023
Assessed value
$60,560
Assessed 2023
Previous assessed
$58,800
+3.0% YoY
Effective rate
2.25%
On assessed value
Land market value
$213,500
Total market value
$213,500
Applied tax rate
407.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1972
Heating
NONE
Lot
0.49 ac (21,350 SF)
Zoning code
R2A
APN
1S2E01AA 03600
UPID
US71-0071783
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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
Alder Village INC
Entity
Mailing address
661 SE 162ND AVE, PORTLAND, OR 97233-3903
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2018
—
Alder Village INC
—
Deed
related
$4,420,000 · Arbor Agcy Lndg LLC
Jun 29, 2015
$3,650,000
Alder Village INC
Northwest Group Invs LLC
Grant Deed
$2,737,500 · Opus Bk
Mar 1, 2010
$2,650,000
Northwest Group Investments LLC
Aaron Ezri LLC
Warranty Deed
$1,931,800 · Arbor Commercial Funding LLC
Jun 1, 2007
$2,710,000
Pounder Properties Alder LLC
Sharrock Family Trust
Warranty Deed
$1,950,000 · Washington Mutual Fsb
Sep 30, 2004
$2,275,000
Sharrock Trust
Tarlow Family
Warranty Deed
$1,706,250 · Citibank Fsb
Jan 30, 2003
—
Tarlow Family LP
—
Deed Of Trust
related
$1,800,000 · Sterling Savings Bank
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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