Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Assisted living facilities
3834 Main St Hillsboro, OR 97123-6850
Individually Owned
7-yr Hold
Property ID
US71-1678865
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1965
Construction
WOOD FRAME
Total area
3,301 SF
Lot
0.34 ac (14,810 SF)
Zoning code
SFR-7
APN
1S204BA-00116
UPID
US71-1678865
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
$562k
Blend (final)
Blend
$560k
Owner & transaction history
Cristian D Morariu · 7 yrs held
Cristian D Morariu
since 2018
7 recorded transactions
Zoning & alternative use
SFR-7 · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$845,000
+27.8%
Retail stores
$790,000
+19.4%
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)
$660,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$590,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$170 / 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
$5,537
Tax year 2023
Assessed value
$328,660
Assessed 2023
Previous assessed
$319,090
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$231,480
Improvement market value
$562,400
Total market value
$793,880
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
YES
Cooling
WALL UNIT
Bathrooms
7
Total area
3,301 SF
Lot
0.34 ac (14,810 SF)
Zoning code
SFR-7
APN
1S204BA-00116
UPID
US71-1678865
Jurisdiction
WASHINGTON
Zoning & alternative use
SFR-7 · Hillsboro, OR
Zoning SFR-7 · permitted uses
SFR-7 · 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
$660,000
COMMERCIAL (GENERAL)
Est. value
$845,000
RETAIL STORES
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$590,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1965
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Bathrooms
7
Lot
0.34 ac
Current owner
From public records · entity-resolved
Cristian D Morariu
Individual
Mailing address
608 NE 118TH AVE, PORTLAND, OR 97220-2117
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
Cristian D Morariu
—
Deed
related
$390,000 · United Wholesale Mortgage
Dec 30, 2019
—
Dan Morariu Christian
—
Deed
related
$388,500 · Umpqua Bank
Oct 31, 2018
—
Cristian D Morariu
Morariu Cristian L/tr
Quit Claim Deed
related
$420,000 · Umpqua Bk
Oct 3, 2018
—
Morariu,cristian Living Trust
Morariu,cristian D
Quit Claim Deed
related
—
Feb 26, 2018
—
Cristian D Morariu
—
Deed
related
$25,500 · Popular Cmnty Bk
Nov 1, 2011
—
Cristian D Morariv
Morariv,cristian D
Quit Claim Deed
related
—
Mar 12, 2008
—
Cristian D Morariu
Morariu,cristian D
Quit Claim Deed
related
—
Feb 25, 2008
$510,000
Cristian D Morariu
Augustin Murar
Warranty Deed
$408,000 · Wells Fargo Bank NA
Oct 25, 2005
$240,000
Augustin Murar
Man Ranjit Shuddhodan
Warranty Deed
$192,000 · Americas Wholesale Lender
Sep 24, 2002
$162,000
Shuddhoden M Ranjit
Johnson,edward D & Susan S
Grant Deed
$129,600 · Pacific Republic Mortgage Corp
Jul 5, 1991
$83,000
Edward D Johnson
Sandstrom,frans
Grant Deed
$53,000 · Countrywide Funding Corp
—
—
Cristian D Morariu
—
Loan Modification
related
$25,500 · Popular Cmnty Bk
—
—
Shuddhodan M Ranjit
—
Deed Of Trust
related
$151,000 · Us Bank NA
—
—
Edward D Johnson
—
Deed Of Trust
related
$35,000 · Bank Of America
—
—
Shuddhodan M Ranjit
—
Deed Of Trust
related
$18,502 · Citifinancial Mortgage Co
—
—
Edward D Johnson
—
Deed Of Trust
related
$121,600 · M & T Mortgage Corp
—
—
Edward D Johnson
—
Deed Of Trust
related
$83,500 · Bank Of America
—
—
Edward D Johnson
—
Deed Of Trust
related
$72,820 · Bank Of America Oregon
—
—
Christian Dan Morariu
—
Deed Of Trust
related
$420,000 · Umpqua Bk
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 3834 Main St?
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.
