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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Assisted living facilities
32424 Riedweg Rd Cornelius, OR 97113-6260
Trust Owned
7-yr Hold
Property ID
US71-0998572
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1925
Construction
WOOD FRAME
Total area
3,800 SF
Lot
2 ac (87,120 SF)
Zoning code
AF-10
APN
1S32500-00704
UPID
US71-0998572
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
$937k
Blend (final)
Blend
$935k
Owner & transaction history
Altman,michael & Carol L Trust · 7 yrs held
Altman,michael & Carol L Trust
since 2018
7 recorded transactions
Zoning & alternative use
AF-10 · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+55.7%
Commercial (general)
$1.1M
+35.4%
Retail stores
$850,000
+9.3%
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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)
$780,000
Current use
MEDICAL BUILDING
$1,210,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,055,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$660,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$246 / 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
$7,179
Tax year 2023
Assessed value
$552,400
Assessed 2023
Previous assessed
$536,320
+3.0% YoY
Effective rate
1.30%
On assessed value
Land market value
$429,500
Improvement market value
$699,420
Total market value
$1,128,920
Applied tax rate
58.0000
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
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Bathrooms
10
Total area
3,800 SF
Lot
2 ac (87,120 SF)
Zoning code
AF-10
APN
1S32500-00704
UPID
US71-0998572
Jurisdiction
WASHINGTON
Zoning & alternative use
AF-10 · Cornelius, OR
Zoning AF-10 · permitted uses
AF-10 · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. 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
$780,000
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$660,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
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
Year built
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Bathrooms
10
Lot
2 ac
Current owner
From public records · entity-resolved
Altman,michael & Carol L Trust
Trust
Mailing address
PO BOX 1113, HILLSBORO, OR 97123-1113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
Altman,michael & Carol L Trust
Altman,michael G & Carol J
Quit Claim Deed
related
—
Apr 6, 2004
—
Michael G Altman
Altman,michael G
Quit Claim Deed
related
$375,000 · Greenpoint Mortgage Funding
Jun 11, 2002
—
Michael G Altman
Altman,michael G & Carol J
Quit Claim Deed
related
$340,000 · Saxon Mortgage INC
Sep 27, 1993
$155,000
Robert A Lalonde
Altman,michael G
Grant Deed
$139,500 · Seller
—
—
Michael G Altman
—
Deed Of Trust
related
$288,000 · Cmg Funding Corp
—
—
Michael G Altman
—
Deed Of Trust
related
$320,000 · Meritage Mortgage Corp
—
—
Michael G Altman
—
Deed Of Trust
related
$230,500 · Amresco Residential Mtg Corp
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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