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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Apartment buildings
2323 Elmwood Dr 10, Dallas, OR 97338-2379
Entity Owned
~
Est. High Equity
Property ID
US71-1837546
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
9,880 SF
Lot
1.55 ac (67,518 SF)
Zoning code
RA
APN
08505-B0-01426
UPID
US71-1837546
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
$1.63M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.69M
Owner & transaction history
Alfred10 LLC
Alfred10 LLC
since 2025
7 recorded transactions
Zoning & alternative use
RA · Dallas, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+31.0%
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
$1,680,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Current use
OFFICE BUILDING
$2,015,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$1,305,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$171 / 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
$10,364
Tax year 2023
Assessed value
$741,740
Assessed 2023
Previous assessed
$720,140
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$141,820
Assessed improvement
$599,920
Land market value
$501,020
Improvement market value
$861,660
Total market value
$1,362,680
Applied tax rate
201.0000
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
1977
Heating
NONE
Buildings
10
Total area
9,880 SF
Lot
1.55 ac (67,518 SF)
Zoning code
RA
APN
08505-B0-01426
UPID
US71-1837546
Jurisdiction
POLK
Zoning & alternative use
RA · Dallas, OR
Zoning RA · permitted uses
RA · Dallas, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
Year built
1977
Heating
NONE
Buildings
10
Lot
1.55 ac
Current owner
From public records · entity-resolved
Alfred10 LLC
Entity
Mailing address
PO BOX 71458, SPRINGFIELD, OR 97475-0198
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Alfred10 LLC
Neurelius LLC
Bargain & Sale Deed
—
Jan 3, 2023
$1,570,000
Neurelius LLC
Barnabas Real Estate Group LLC
Warranty Deed
—
Apr 23, 2021
$1,480,000
Barnabas Real Estate Group LLC
William B Lowe
Warranty Deed
$1,180,000 · William B & Tina M Lowe
Aug 16, 2004
$600,000
Hayes Elmwood Exchange LLC
First American Exchange Co LLC
Quit Claim Deed
$450,000 · Washington Federal Savings
Jun 29, 2004
$600,000
Hayes Elmwood Exchange LLC
Hayes,gail & Jean
Grant Deed
related
—
May 31, 1990
$265,000
C B Edmunds
Unknown
Grant Deed
—
—
—
Hayes Elmwood Exchange LLC
—
Deed Of Trust
related
$64,019 · Gail & Jean Hayes
—
—
Gail Hayes
—
Deed Of Trust
related
$55,000 · Duringer Trust
—
—
First American Exchange Co LLC
—
Deed Of Trust
related
—
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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