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Property profile & analytics
OFF-MARKET
Estimated value
$24,540,000
Assisted living facilities
2405 Century Blvd 327 Hillsboro, OR 97123-8397
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US71-0473008
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Total area
151,289 SF
Lot
4.98 ac (216,929 SF)
Zoning code
MFR-2
APN
1S210BD-00202
UPID
US71-0473008
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
$24.54M
Blend (final)
Blend
$24.54M
Owner & transaction history
Aloha Investors LP
Aloha Investors LP
2 recorded transactions
Zoning & alternative use
MFR-2 · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$38.7M
+27.8%
Retail stores
$36.1M
+19.4%
Apartment house (5+ units)
$33.7M
+11.5%
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 Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$30,260,000
Current use
COMMERCIAL (GENERAL)
$38,655,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$36,115,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$33,730,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$27,040,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$24.54M
Range $22.09M – $26.99M · ±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
$162 / 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
$241,822
Tax year 2023
Assessed value
$14,353,490
Assessed 2023
Previous assessed
$13,935,430
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$3,600,000
Improvement market value
$15,817,480
Total market value
$19,417,480
Applied tax rate
29.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Heating
NONE
Total area
151,289 SF
Lot
4.98 ac (216,929 SF)
Zoning code
MFR-2
APN
1S210BD-00202
UPID
US71-0473008
Jurisdiction
WASHINGTON
Zoning & alternative use
MFR-2 · Hillsboro, OR
Zoning MFR-2 · permitted uses
MFR-2 · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$30.3M
COMMERCIAL (GENERAL)
Est. value
$38.7M
RETAIL STORES
Est. value
$36.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$33.7M
WAREHOUSE, STORAGE
Est. value
$27.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1996
Heating
NONE
Lot
4.98 ac
Current owner
From public records · entity-resolved
Aloha Investors LP
Entity
Mailing address
PO BOX 2045, WENATCHEE, WA 98807-2045
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Aloha Investors LP
—
Deed Of Trust
related
$11,000,000 · Arcs Commercial Mortgage Co LP
—
—
Aloha Investors LLC
—
Deed Of Trust
related
$8,993,120 · Hillsboro Investors LLC
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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