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Property profile & analytics
OFF-MARKET
Estimated value
$37,005,000
Apartment buildings
22749 Halsey St, Fairview, OR 97024
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0839809
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1995
Total area
140,587 SF
Lot
9.73 ac (423,839 SF)
Zoning code
R_MF
APN
1N3E27C 00100
UPID
US71-0839809
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
$37.01M
Blend (final)
Blend
$37.01M
Owner & transaction history
Home Forward · 14 yrs held
Home Forward
since 2012
3 recorded transactions
Zoning & alternative use
R_MF · Fairview, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$50.3M
+35.9%
Medical building
$42.5M
+14.8%
Auto repair, garage
$41.7M
+12.6%
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 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
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)
$37,005,000
Current use
RESTAURANT
$50,285,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$42,475,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$41,665,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$41,565,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$39,865,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$36,160,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$37.01M
Range $33.30M – $40.71M · ±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
$263 / 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
$75
Tax year 2023
Land market value
$2,966,010
Improvement market value
$16,293,140
Total market value
$19,259,150
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
1995
Heating
NONE
Stories
1
Total area
140,587 SF
Lot
9.73 ac (423,839 SF)
Zoning code
R_MF
APN
1N3E27C 00100
UPID
US71-0839809
Jurisdiction
MULTNOMAH
Zoning & alternative use
R_MF · Fairview, OR
Zoning R_MF · permitted uses
R_MF · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.0M
RESTAURANT
Est. value
$50.3M
MEDICAL BUILDING
Est. value
$42.5M
AUTO REPAIR, GARAGE
Est. value
$41.7M
RETAIL STORES
Est. value
$41.6M
COMMERCIAL (GENERAL)
Est. value
$39.9M
OFFICE BUILDING
Est. value
$36.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Year built
1995
Heating
NONE
Stories
1
Lot
9.73 ac
Current owner
From public records · entity-resolved
Home Forward
Individual
Mailing address
135 SW ASH ST, PORTLAND, OR 97204-3511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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 22, 2020
—
Home Forward
—
Deed
related
$10,623,900 · Gershman Inv
Feb 23, 2012
—
Home Forward
Winkler Dev Corp
Quit Claim Deed
related
$12,125,600 · Cwcapital LLC
—
—
Home Forward
—
Deed Of Trust
related
$10,623,900 · Gershman Inv
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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