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Property profile & analytics
OFF-MARKET
Apartment buildings
21933 Chinook Way, Fairview, OR 97024-2619
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1806366
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2000
Total area
31,432 SF
Lot
0.92 ac (40,179 SF)
Zoning code
VA
APN
1N3E33AA 05203
UPID
US71-1806366
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cap X Chinook LLC · 1 yrs held
Cap X Chinook LLC
since 2025
Last sale
$28.5M
7 recorded transactions
Zoning & alternative use
VA · Fairview, 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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
$45,393
Tax year 2023
Assessed value
$2,618,420
Assessed 2023
Previous assessed
$2,542,160
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$401,790
Improvement market value
$6,582,750
Total market value
$6,984,540
Applied tax rate
240.0000
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
2000
Heating
NONE
Stories
1
Total area
31,432 SF
Lot
0.92 ac (40,179 SF)
Zoning code
VA
APN
1N3E33AA 05203
UPID
US71-1806366
Jurisdiction
MULTNOMAH
Zoning & alternative use
VA · Fairview, OR
Zoning VA · permitted uses
VA · Fairview, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Cap X Chinook LLC
Entity
Mailing address
37 GRAHAM ST STE #117, SAN FRANCISCO, CA 94129-1724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$28,500,000
Cap X Chinook LLC
Sp Chinook Way LLC
Special Warranty Deed
$18,661,000 · Mulvifamily Capital INC
Oct 31, 2016
$250,000
Philip Peterson
Mcpherson,hilde S
Warranty Deed
—
Aug 24, 2016
$2,342,052
Chinook Investors LP
Sunridge Associates LLC
Warranty Deed
—
Aug 24, 2016
$19,900,000
Sp Chinook Way LLC
Sunridge Associates LLC
Warranty Deed
$14,750,000 · Bellwether Enterprise Mortgage Inve
Jul 28, 2005
$10,050,000
Sunridge Associates LLC
Chinook Way LLC
Grant Deed
$6,000,000 · Column Financial INC
—
—
Chinook Way LLC
—
Deed Of Trust
related
$8,375,000 · Heller Financial
—
—
Sunridge Associates LLC
—
Deed Of Trust
related
$2,100,000 · Wells Fargo Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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