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Property profile & analytics
OFF-MARKET
Estimated value
$22,295,000
Apartment buildings
280 12th Ave Hillsboro, OR 97123-4258
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1023788
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Total area
100,000 SF
Lot
5.45 ac (237,402 SF)
Zoning code
SCR-HD
APN
1N232CC-03108
UPID
US71-1023788
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
$22.29M
Blend (final)
Blend
$22.30M
Owner & transaction history
Woodland Park Associates LP · 9 yrs held
Woodland Park Associates LP
since 2017
2 recorded transactions
Zoning & alternative use
SCR-HD · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$31.9M
+43.0%
Restaurant
$30.3M
+35.8%
Commercial (general)
$25.6M
+14.6%
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
APARTMENT HOUSE (5+ UNITS)
$22,295,000
Current use
MEDICAL BUILDING
$31,885,000
Change: +43% · Conversion: Moderate
RESTAURANT
$30,270,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,550,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$23,870,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,875,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$22.30M
Range $20.07M – $24.52M · ±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
$223 / 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
Land market value
$2,608,500
Improvement market value
$18,048,990
Total market value
$20,657,490
Applied tax rate
7.0000
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 (100+ UNITS)
Status
Off-Market
Heating
NONE
Total area
100,000 SF
Lot
5.45 ac (237,402 SF)
Zoning code
SCR-HD
APN
1N232CC-03108
UPID
US71-1023788
Jurisdiction
WASHINGTON
Zoning & alternative use
SCR-HD · Hillsboro, OR
Zoning SCR-HD · permitted uses
SCR-HD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$22.3M
MEDICAL BUILDING
Est. value
$31.9M
RESTAURANT
Est. value
$30.3M
COMMERCIAL (GENERAL)
Est. value
$25.6M
RETAIL STORES
Est. value
$23.9M
WAREHOUSE, STORAGE
Est. value
$17.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
Heating
NONE
Lot
5.45 ac
Current owner
From public records · entity-resolved
Woodland Park Associates LP
Entity
Mailing address
600 CALIFORNIA ST FL #900, SAN FRANCISCO, CA 94108-9800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jun 13, 2017
—
Woodland Park Associates LP
—
Trustees Deed
related
$500,000 · Jp Morgan Chase Bk
—
—
Woodland Park Properties Ltd
—
Deed Of Trust
related
$100,000 · Bank Of America
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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