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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Apartment buildings
177 5th Ave Hillsboro, OR 97123-4189
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1833493
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
9,750 SF
Lot
0.28 ac (12,197 SF)
Zoning code
SCC-DT
APN
1N231CD-07000
UPID
US71-1833493
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
$1.93M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.15M
Owner & transaction history
Kenneth J Abere JR · 4 yrs held
Kenneth J Abere JR
since 2021
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
SCC-DT · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+43.0%
Restaurant
$3.0M
+35.8%
Commercial (general)
$2.5M
+14.6%
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 Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro 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
$2,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,085,000
6.5%
$1,925,000
7%
$1,790,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Current use
MEDICAL BUILDING
$3,110,000
Change: +43% · Conversion: Moderate
RESTAURANT
$2,950,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,490,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$2,330,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,745,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.29M (Aug 19 2021)
Last sale anchor
$2.29M
Aug 19 2021
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
$220 / 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
$12,024
Tax year 2023
Assessed value
$713,690
Assessed 2023
Previous assessed
$692,910
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$420,000
Improvement market value
$1,551,110
Total market value
$1,971,110
Applied tax rate
7.0000
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
Heating
NONE
Total area
9,750 SF
Lot
0.28 ac (12,197 SF)
Zoning code
SCC-DT
APN
1N231CD-07000
UPID
US71-1833493
Jurisdiction
WASHINGTON
Zoning & alternative use
SCC-DT · Hillsboro, OR
Zoning SCC-DT · permitted uses
SCC-DT · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Kenneth J Abere JR
Individual
Mailing address
17935 CARDINAL DR, LAKE OSWEGO, OR 97034-6639
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
$2,290,000
Kenneth J Abere JR
Timothy J Coleman
Warranty Deed
—
Mar 19, 2018
$2,150,000
Timothy J Coleman
Kunke I LLC
Warranty Deed
$1,200,000 · Umpqua Bank
May 19, 2016
$1,028,000
Kunke I LLC
Tv Property Investments LLC
Warranty Deed
$608,000 · Umpqua Bank
Apr 18, 2006
$709,784
Tv Property Investments LLC
Dove Bar Properties LLC
Warranty Deed
$650,000 · Dove Bar Properties LLC
—
—
Tv Property Investments LLC
—
Deed Of Trust
related
$435,000 · Union 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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