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Property profile & analytics
OFF-MARKET
Estimated value
$14,555,000
Apartment buildings
1861 21st SE Ave, Albany, OR 97322-5784
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0445870
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
66,790 SF
Lot
4.48 ac (195,149 SF)
APN
11S 03W 08CD 00208
UPID
US71-0445870
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
-
Park Apartments Apartment Building
-
The Park Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.94M
Comparable Approach
Comparable
$15.98M
Blend (final)
Blend
$14.56M
Owner & transaction history
21st Ave Apartments LLC · 3 yrs held
21st Ave Apartments LLC
since 2023
Last sale
$12.6M
3 recorded transactions
Zoning & alternative use
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$15,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,680,000
6.5%
$8,935,000
7%
$8,295,000
Blend value · Realmo final
$14.56M
Range $13.10M – $16.01M · ±10% · vs last sale $12.60M (May 17 2023)
Last sale anchor
$12.60M
May 17 2023
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
$82,306
Tax year 2023
Assessed value
$4,132,320
Assessed 2023
Previous assessed
$4,011,970
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$839,140
Improvement market value
$10,916,360
Total market value
$11,755,500
Applied tax rate
801.0000
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
1977
Heating
NONE
Stories
1
Total area
66,790 SF
Lot
4.48 ac (195,149 SF)
APN
11S 03W 08CD 00208
UPID
US71-0445870
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
1
Lot
4.48 ac
Current owner
From public records · entity-resolved
21st Ave Apartments LLC
Entity
Mailing address
105 S PARKVIEW DRB, NEWBERG, OR 97132-3223
Ownership since
2023
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
May 17, 2023
$12,600,000
21st Ave Apartments LLC
Coe Properties LLC
Warranty Deed
$7,925,000 · Jpmorgan Chase Bank NA
Aug 21, 2018
$8,600,000
Coe Properites LLC
Jabon Investments LLC
Warranty Deed
$4,700,000 · Washington Federal NA
—
—
Jabon Investments LLC
—
Deed Of Trust
related
$1,931,000 · Homestreet 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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