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Property profile & analytics
OFF-MARKET
Estimated value
$8,640,000
Apartment buildings
5857 Menlo Dr 35, Beaverton, OR 97005-8813
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0801874
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
48,592 SF
Lot
4.04 ac (175,982 SF)
Zoning code
R2
APN
1S116CD-00800
UPID
US71-0801874
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
$8.64M
Blend (final)
Blend
$8.64M
Owner & transaction history
Fircrest Oregon LP · 9 yrs held
Fircrest Oregon LP
since 2017
3 recorded transactions
Zoning & alternative use
R2 · Beaverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.1M
+11.9%
Retail stores
$11.6M
+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 Beaverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beaverton 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)
$10,835,000
Current use
COMMERCIAL (GENERAL)
$12,125,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$11,600,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,685,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.64M
Range $7.78M – $9.50M · ±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
$1,175
Tax year 2023
Assessed value
$55,610
Assessed 2023
Effective rate
2.11%
On assessed value
Land market value
$1,622,500
Improvement market value
$9,769,900
Total market value
$11,392,400
Applied tax rate
51.0000
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
48,592 SF
Lot
4.04 ac (175,982 SF)
Zoning code
R2
APN
1S116CD-00800
UPID
US71-0801874
Jurisdiction
WASHINGTON
Zoning & alternative use
R2 · Beaverton, OR
Zoning R2 · permitted uses
R2 · Beaverton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beaverton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$12.1M
RETAIL STORES
Est. value
$11.6M
WAREHOUSE, STORAGE
Est. value
$8.7M
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
4.04 ac
Current owner
From public records · entity-resolved
Fircrest Oregon LP
Entity
Mailing address
409 SANTA MONICA BLVDF, SANTA MONICA, CA 90401-2378
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
—
Fircrest Oregon LP
—
Loan Modification
related
$5,608,000 · Citibank
Feb 23, 2017
—
Fircrest Oregon LP
Fircrest Manor Apartments LP
Quit Claim Deed
related
$7,615,000 · Miscellaneous Govt Agcy
Jan 23, 1998
$24,650
City Of Beaverton
Conifer 307 Oreg Ltd
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.
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