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Property profile & analytics
OFF-MARKET
Estimated value
$11,315,000
Apartment buildings
22550 Highland Dr 342 Sherwood, OR 97140-7041
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-1070017
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
43,879 SF
Lot
0.87 ac (37,897 SF)
Zoning code
HDR_PUD
APN
2S132BD-08600
UPID
US71-1070017
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
-
HealthMarkets Agent Insurance Agency
-
Cannery Row Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.32M
Blend (final)
Blend
$11.32M
Owner & transaction history
Premium Property Sherwood LLC
Premium Property Sherwood LLC
1 recorded transaction
Zoning & alternative use
HDR_PUD · Sherwood, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.0M
+43.5%
Restaurant
$13.3M
+36.2%
Commercial (general)
$12.2M
+24.7%
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 Sherwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherwood 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,750,000
Current use
MEDICAL BUILDING
$13,990,000
Change: +43% · Conversion: Moderate
RESTAURANT
$13,285,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,160,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$9,815,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.32M
Range $10.18M – $12.45M · ±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
$258 / 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
$79,666
Tax year 2023
Assessed value
$4,036,200
Assessed 2023
Previous assessed
$3,918,650
+3.0% YoY
Effective rate
1.97%
On assessed value
Land market value
$1,248,000
Improvement market value
$14,291,230
Total market value
$15,539,230
Applied tax rate
88.0000
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
43,879 SF
Lot
0.87 ac (37,897 SF)
Zoning code
HDR_PUD
APN
2S132BD-08600
UPID
US71-1070017
Jurisdiction
WASHINGTON
Zoning & alternative use
HDR_PUD · Sherwood, OR
Zoning HDR_PUD · permitted uses
HDR_PUD · Sherwood, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$14.0M
RESTAURANT
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
0.87 ac
Current owner
From public records · entity-resolved
Premium Property Sherwood LLC
Entity
Mailing address
2716 OCEAN PARK BLVD, SANTA MONICA, CA 90405-5207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Premium Property Sherwood LLC
—
Deed Of Trust
related
$12,662,300 · Homestreet 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.
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