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Property profile & analytics
OFF-MARKET
Estimated value
$6,440,000
Apartment buildings
2420 Oak SE St, Albany, OR 97322-5683
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0441640
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Total area
32,260 SF
Lot
1.36 ac (59,242 SF)
APN
11S 03W 17BC 02000
UPID
US71-0441640
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
$4.32M
Comparable Approach
Comparable
$6.38M
Blend (final)
Blend
$6.44M
Owner & transaction history
Sherman Oaks Apartments Owner LLC · 4 yrs held
Sherman Oaks Apartments Owner LLC
since 2022
Last sale
$6.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$8,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,675,000
6.5%
$4,315,000
7%
$4,010,000
Blend value · Realmo final
$6.44M
Range $5.80M – $7.08M · ±10% · vs last sale $6.50M (Apr 6 2022)
Last sale anchor
$6.50M
Apr 6 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
$200 / 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
$32,846
Tax year 2023
Assessed value
$1,649,090
Assessed 2023
Previous assessed
$1,601,060
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$323,030
Improvement market value
$3,856,680
Total market value
$4,179,710
Applied tax rate
801.0000
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
1992
Heating
NONE
Stories
1
Total area
32,260 SF
Lot
1.36 ac (59,242 SF)
APN
11S 03W 17BC 02000
UPID
US71-0441640
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Sherman Oaks Apartments Owner LLC
Entity
Mailing address
PO BOX 6545, ORANGE, CA 92863-6545
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$6,500,000
Sherman Oaks Apartments Owner LLC
Robert D Street
Warranty Deed
$4,700,000 · Umpqua Bank
Jan 11, 2019
$3,920,000
Ccg-shermar Oaks LLC
Stankorp INC
Warranty Deed
$3,465,000 · M&t R/e Tr
Apr 12, 2001
—
Stankorp INC
Keller Development Co
Grant Deed
related
—
—
—
Stankorp INC
—
Deed Of Trust
related
$946,824 · Oregon State 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.
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