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    23901 Halsey St Wood Village, OR 97060-1056
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    Property profile & analytics

    23901 Halsey St, Wood Village, OR 97060-1056

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    • Apartment buildings
    • 42,532 SF
    • 1.99 lot acres
    Off-Market
    Property ID
    US71-0093836
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,210,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 23901 Halsey St

    Year built
    1973
    Construction
    FRAME
    Lot size
    1.99 lot acres
    Zone code
    GC
    Property type
    Apartment buildings
    APN
    1N3E27D 01600
    APU
    1N3E27D01600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 15, 2020 — Smith Family Trust — Deed · related $2.8M · Greystone Svcng Corp
    Nov 23, 2010 — Smith Family Trust — Deed Of Trust · related $1.1M · Union Bank
    Nov 12, 2010 — Smith Family Trust Smith,kenneth R Quit Claim Deed · related —
    Mar 17, 2006 $2,350,000 Smith Family Trust Ocotillo Apartments Holding Warranty Deed $1.2M · Washington Federal Savings
    May 19, 2005 $2,100,000 Ocotillo Apartments Holding Co Wood Village LLC Warranty Deed $1.6M · Lasalle National Bank
    May 19, 2005 — Wood Village LLC Reynolds,walter Grant Deed · related —
    Aug 9, 2000 — Brian Swaren Bright Ridge LLC Grant Deed · related —
    Mar 21, 1996 $1,575,000 Aldercrest Properties-llc Hansen,david R & Marsha A Grant Deed $1.1M · Liberty Federal Bank
    — — Smith Family Trust — Deed Of Trust · related $1.1M · Jp Morgan Chase Bank NA
    — — Smith Family Trust — Deed Of Trust · related $2.8M · Greystone Svcng Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,207,000
      Market price range: $6.60M - $16.7M
      AI Estimate
      $7,207,000
      Market price range: $6.60M - $16.7M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,195,000
      Current use
      OFFICE BUILDING
      $10,940,000
      Change: -2% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wood Village
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.417
    Latitude
    45.5379
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,230
    $0.00
    $0.00
    $2,669,480
    -
    $866,840
    $5,897,300
    $6,764,140

    Comparable in this City

    • Value Estimation
      $1,450,000
      5,516 SF

      822 29th Way

      APARTMENT HOUSE (5+ UNITS)
      822 29th Way, Troutdale, OR 97060-1882
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    • Value Estimation
      $1,450,000
      5,516 SF

      834 29th Way

      APARTMENT HOUSE (5+ UNITS)
      834 29th Way, Troutdale, OR 97060-1881
      View Details
    • Value Estimation
      $12,945,000
      61,978 SF

      700 Halsey St

      APARTMENT HOUSE (5+ UNITS)
      700 Halsey St, Troutdale, OR 97060-1369
      View Details
    • Value Estimation
      $1,450,000
      5,516 SF

      3035 Hewitt Pl

      APARTMENT HOUSE (5+ UNITS)
      3035 Hewitt Pl, Troutdale, OR 97060-1797
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    • Value Estimation
      $1,450,000
      5,516 SF

      2915 Hewitt Pl

      APARTMENT HOUSE (5+ UNITS)
      2915 Hewitt Pl, Troutdale, OR 97060-1795
      View Details
    • Value Estimation
      $14,390,000
      58,817 SF

      496-628 257th Dr

      APARTMENT HOUSE (5+ UNITS)
      496-628 257th Dr, Troutdale, OR 97060
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Troutdale Multifamily Investment Opportunity

      New construction, 5 units, 3 bed, 2.5 bath townhomes.
      125 SW Lancaster Ct, Troutdale, OR 97060
      View Details
    • $480,000
      924 SF

      Troutdale Duplex with Garage Parking

      Well-maintained duplex with strong rental history and convenient location.
      2372-2374 Southwest Edgefield Pl, Troutdale, OR 97060
      View Details
    • New
      $839,900
      2,716 SF

      Well-Maintained Triplex with Fenced Yards

      Three one-level units with washer/dryer hookups, covered patios, fully fenced yards, and off-street parking for stable income.
      1700 NE 231St Ct, Wood Village, OR 97060
      View Details
    • $1,175,000
      0.76 Acres

      WoodVillage Land For Sale

      Land with general commercial zoning in WoodVillage, Oregon.
      2075 NE 240Th Ave, Wood Village, OR 97060
      View Details
    • $300,000
      0.21 Acres

      Commercial Land in WoodVillage, Oregon

      0.21 acre commercial land with frontage on NE Halsey.
      23654 NE Halsey St, Wood Village, OR 97060
      View Details
    • Contact for pricing

      Industrial Land Near I-84

      0.28 AC industrial land located north of I-84.
      886 Northwest Dunbar Ave, Troutdale, OR 97060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space Near Major Retailers

      Retail space in high-traffic area near major shopping destinations.
      2555 NE 238Th Dr, Wood Village, OR 97060
      View Details
    • Contact for pricing
      4,288 SF

      Retail Space in Troutdale

      Retail suites available in the heart of Troutdale.
      450 NW 257 Way, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Future Retail Pad Opportunity

      Future retail pad site with high visibility and easy access.
      2457 SW Cherry Park Rd, Troutdale, OR 97060
      View Details
    • Contact for pricing

      Office Suite in Wood Village

      Office suite for rent with full-service lease in Oregon.
      24111 NE Halsey St, Wood Village, OR 97060
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Land Available

      Up to 37,769 SF industrial outdoor storage on 18.4 acres.
      24001 NE Sandy Blvd, Wood Village, OR 97060
      View Details
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    Wood Village, OR 97060-1056
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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