New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Apartment buildings
23134 Halsey St, Wood Village, OR 97060-2804
Entity Owned
3-yr Hold
Property ID
US71-1852310
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
6,912 SF
Lot
1 ac (43,560 SF)
Zoning code
MR2
APN
1N3E27CD 00100
UPID
US71-1852310
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
-
Flair Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.71M
Owner & transaction history
Flair 1 LLC · 3 yrs held
Flair 1 LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
MR2 · Wood Village, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+35.9%
Medical building
$2.1M
+14.8%
Auto repair, garage
$2.1M
+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 Wood Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood Village 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
$2,490,000
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)
$1,820,000
Current use
RESTAURANT
$2,470,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$2,090,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,050,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$2,045,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,960,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$1,780,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.70M (Aug 1 2022)
Last sale anchor
$2.70M
Aug 1 2022
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
$391 / 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
$17,227
Tax year 2023
Assessed value
$1,016,710
Assessed 2023
Previous assessed
$987,100
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$435,600
Improvement market value
$1,622,520
Total market value
$2,058,120
Applied tax rate
932.0000
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
1974
Heating
BASEBOARD
Buildings
3
Stories
1
Bathrooms
16
Total area
6,912 SF
Lot
1 ac (43,560 SF)
Zoning code
MR2
APN
1N3E27CD 00100
UPID
US71-1852310
Jurisdiction
MULTNOMAH
Zoning & alternative use
MR2 · Wood Village, OR
Zoning MR2 · permitted uses
MR2 · Wood Village, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wood Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
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
1974
Heating
BASEBOARD
Stories
1
Buildings
3
Bathrooms
16
Lot
1 ac
Current owner
From public records · entity-resolved
Flair 1 LLC
Entity
Mailing address
3850 NE 202ND AVE, FAIRVIEW, OR 97024-7805
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
—
Flair 1 LLC
The Flair Apartments LLC
Warranty Deed
—
Aug 1, 2022
$2,700,000
John Johnson
Flair 1 LLC
Warranty Deed
$1,500,000 · First Republic Bank
Jul 21, 2017
$1,870,000
The Flair Apartments LLC
Mountain View LLC
Warranty Deed
$1,402,500 · Umpqua Bank
Sep 30, 2014
—
Mountain View LLC
Lamplighter Note & Deed LLC
Grant Deed
related
$624,000 · Jp Morgan Chase Bk
Sep 22, 2014
—
Mountain View LLC
Lamplighter Note & Deed LLC
Grant Deed
related
—
Jun 16, 2014
$953,000
Lamplighter Note & Deed LLC
T & D Apartment LLC
Warranty Deed
—
Apr 27, 2006
$920,000
T & D Apartment LLC
Vang,nhia & Chasher
Warranty Deed
—
Jan 27, 1998
$614,280
Zidon Whittemore
Corpus,christopher P & Lindis N
Grant Deed
$467,250 · Liberty Federal 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23134 Halsey St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
