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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Apartment buildings
690 5th Ave 207 Hillsboro, OR 97123-4465
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0056730
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Construction
WOOD FRAME
Total area
16,357 SF
Lot
0.62 ac (27,007 SF)
Zoning code
SCR-MD
APN
1S206BD-00800
UPID
US71-0056730
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
$2.91M
Blend (final)
Blend
$2.91M
Owner & transaction history
Brighton Place Apartments LLC · 9 yrs held
Brighton Place Apartments LLC
since 2017
7 recorded transactions
Zoning & alternative use
SCR-MD · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+14.6%
Retail stores
$3.9M
+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)
$3,645,000
Current use
COMMERCIAL (GENERAL)
$4,180,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$3,905,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,925,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±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
$12,269
Tax year 2023
Assessed value
$728,250
Assessed 2023
Previous assessed
$707,040
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$390,000
Improvement market value
$2,454,080
Total market value
$2,844,080
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 (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD FRAME
Heating
STOVE
Bathrooms
1
Total area
16,357 SF
Lot
0.62 ac (27,007 SF)
Zoning code
SCR-MD
APN
1S206BD-00800
UPID
US71-0056730
Jurisdiction
WASHINGTON
Zoning & alternative use
SCR-MD · Hillsboro, OR
Zoning 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
Hillsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$2.9M
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
Year built
1940
Construction
WOOD FRAME
Heating
STOVE
Bathrooms
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Brighton Place Apartments LLC
Entity
Mailing address
2806 45TH CT SE, ALBANY, OR 97322-6473
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
—
Brighton Place Apartments LLC
—
Deed
related
$1,763,000 · Central Willamette Community Cu
Jul 18, 2018
—
Brighton Place Apartments LLC
—
Deed
related
$1,041,386 · Central Willamette Cmnty Cu
Mar 8, 2017
—
Brighton Place Apartments LLC
—
Trustees Deed
related
$1,442,000 · Central Willamette Cmnty Cu
Feb 24, 2017
—
Brighton Place Apartments LLC
Johnson,don & Kathie
Grant Deed
related
—
Jul 14, 2015
$350,000
Don Johnson
Gallarde Ramoncito D Trust
Warranty Deed
—
Jun 16, 2011
—
Gallarde Ramoncito D Living Trust
Gallarde,ramoncito D & Lucy L
Quit Claim Deed
related
—
—
—
Lucy L Gallarde
—
Deed Of Trust
related
$96,000 · Greenpoint Mortgage Funding
—
—
Lucy L Gallarde
—
Deed Of Trust
related
$104,000 · Greenpoint Mortgage Funding
—
—
Brighton Place Apartments LLC
—
Deed Of Trust
related
$1,041,386 · Central Willamette Cmnty Cu
—
—
Ramoncito D Gallarde
—
Deed Of Trust
related
$31,600 · Greenpoint Mortgage Funding
—
—
Ramoncito D Gallarde
—
Deed Of Trust
related
$129,000 · West Coast Bank
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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