New search
Property profile & analytics
OFF-MARKET
Estimated value
$25,570,000
Apartment buildings
2700 205th Ave, Fairview, OR 97024-9671
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US71-1902718
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Total area
143,640 SF
Lot
5.4 ac (235,268 SF)
Zoning code
R_MF
APN
1N3E28BC 00200
UPID
US71-1902718
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
$25.57M
Blend (final)
Blend
$25.57M
Owner & transaction history
Beeko LLC · 23 yrs held
Beeko LLC
since 2003
4 recorded transactions
Zoning & alternative use
R_MF · Fairview, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$42.6M
+12.6%
Retail stores
$42.5M
+12.3%
Commercial (general)
$40.7M
+7.7%
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
APARTMENT HOUSE (5+ UNITS)
$37,810,000
Current use
AUTO REPAIR, GARAGE
$42,570,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$42,470,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$40,730,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$36,945,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$25.57M
Range $23.01M – $28.13M · ±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
$178 / 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
$163,972
Tax year 2023
Assessed value
$9,469,780
Assessed 2023
Previous assessed
$9,193,970
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$2,352,670
Improvement market value
$21,301,730
Total market value
$23,654,400
Applied tax rate
240.0000
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
Buildings
2
Stories
1
Total area
143,640 SF
Lot
5.4 ac (235,268 SF)
Zoning code
R_MF
APN
1N3E28BC 00200
UPID
US71-1902718
Jurisdiction
MULTNOMAH
Zoning & alternative use
R_MF · Fairview, OR
Zoning R_MF · permitted uses
R_MF · Fairview, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.8M
AUTO REPAIR, GARAGE
Est. value
$42.6M
RETAIL STORES
Est. value
$42.5M
COMMERCIAL (GENERAL)
Est. value
$40.7M
OFFICE BUILDING
Est. value
$36.9M
APARTMENT HOUSE (5+ UNITS) Current
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
1992
Heating
NONE
Stories
1
Buildings
2
Lot
5.4 ac
Current owner
From public records · entity-resolved
Beeko LLC
Entity
Mailing address
PO BOX 2619, OREGON CITY, OR 97045-0217
Ownership since
2003
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
Mar 28, 2012
—
Beeko LLC
—
Deed Of Trust
related
$7,575,000 · Private Lender
Sep 29, 2011
—
Beeko LLC
—
Deed Of Trust
related
$1,630,225 · Interamerican Investments INC
May 30, 2003
$6,649,230
Beeko LLC
Kings Garden LP
Grant Deed
$6,400,000 · J P Morgan Chase Bank
Dec 1, 1991
$455,000
King's Garden Ltd Partnership
Unknown
Grant Deed
—
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 2700 205th Ave?
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.
