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Property profile & analytics
OFF-MARKET
Estimated value
$5,790,000
Apartment buildings
399 79th Ave 204 Hillsboro, OR 97006-2006
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1605480
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
31,903 SF
Lot
1.25 ac (54,450 SF)
Zoning code
SCR-MD
APN
1N235CD-20000
UPID
US71-1605480
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
$5.79M
Blend (final)
Blend
$5.79M
Owner & transaction history
Orenco Oregon I LLC · 8 yrs held
Orenco Oregon I LLC
since 2018
1 recorded transaction
Zoning & alternative use
SCR-MD · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SCR-MD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for medium density residential development generally within 1300 to 2600 feet of a light rail station
Zone name
Station Community Residential Medium Density
General category
RESIDENTIAL
Zone area
379.88 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$8.7M
+22.7%
Retail stores
$7.6M
+7.1%
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)
$7,110,000
Current use
COMMERCIAL (GENERAL)
$8,725,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$7,615,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,700,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.79M
Range $5.21M – $6.37M · ±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
$181 / 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
$35,325
Tax year 2023
Assessed value
$2,096,760
Assessed 2023
Previous assessed
$2,035,690
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$715,000
Improvement market value
$6,800,470
Total market value
$7,515,470
Applied tax rate
1.0000
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
Heating
NONE
Total area
31,903 SF
Lot
1.25 ac (54,450 SF)
Zoning code
SCR-MD
APN
1N235CD-20000
UPID
US71-1605480
Jurisdiction
WASHINGTON
Zoning & alternative use
SCR-MD · Hillsboro, ORZoning SCR-MD · permitted uses
SCR-MD · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SCR-MD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for medium density residential development generally within 1300 to 2600 feet of a light rail station
Zone name
Station Community Residential Medium Density
General category
RESIDENTIAL
Zone area
379.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$8.7M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS) 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
Heating
NONE
Lot
1.25 ac
Current owner
From public records · entity-resolved
Orenco Oregon I LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2233 NW 23RD AVE #100, PORTLAND, OR 97210-2334
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2018
—
Orenco Oregon I LLC
Elliott Investments LLC
Bargain And Sale 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.
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