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Property profile & analytics
OFF-MARKET
Estimated value
$10,305,000
Apartment buildings
1897 21st SE Ave 70, Albany, OR 97322-5553
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0466267
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1995
Total area
31,192 SF
Lot
8.2 ac (357,192 SF)
APN
11S 03W 08CD 00212
UPID
US71-0466267
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
$10.30M
Blend (final)
Blend
$10.31M
Owner & transaction history
Meadows Apartments Albany LLC · 13 yrs held
Meadows Apartments Albany LLC
since 2013
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.31M
Range $9.27M – $11.34M · ±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
$330 / 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
$192,913
Tax year 2023
Assessed value
$9,685,560
Assessed 2023
Previous assessed
$9,403,460
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,218,020
Improvement market value
$22,130,530
Total market value
$23,348,550
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 (100+ UNITS)
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
31,192 SF
Lot
8.2 ac (357,192 SF)
APN
11S 03W 08CD 00212
UPID
US71-0466267
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
1995
Heating
NONE
Stories
1
Lot
8.2 ac
Current owner
From public records · entity-resolved
Meadows Apartments Albany LLC
Entity
Mailing address
5335 MDWS RD STE #190, LAKE OSWEGO, OR 97035-3152
Ownership since
2013
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
Apr 30, 2013
—
Meadows Apartments Albany LLC
Base Holdings LLC
Bargain And Sale Deed
$7,985,000 · Cbre Capital Markets INC
Dec 18, 2006
$7,350,000
Base Holdings LLC
Periwinkle Apartments
Deed Of Trust
$21,640,000 · First Independent Bank
Oct 31, 2006
—
William E Colson
Periwinkle Apartments
Grant Deed
—
Aug 21, 1995
—
Periwinkle Apartments LP
—
Deed Of Trust
related
$2,150,000 · Key Bank Of Oregon
—
—
Meadows Apartments Albany Ll
—
Deed Of Trust
related
$7,985,000 · Cbre Capital Markets INC
—
—
Base Holdings LLC
—
Deed Of Trust
related
$7,740,000 · M & T Realty Capital Corp
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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