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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Assisted living facilities
712 16th Ave, Hillsboro, OR 97123-4902
Individually Owned
1-yr Hold
Property ID
US71-1025759
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1976
Construction
WOOD FRAME
Total area
2,472 SF
Lot
0.21 ac (9,148 SF)
Zoning code
SFR-7
APN
1S205BC-04700
UPID
US71-1025759
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
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$655k
Owner & transaction history
Corrine Gail Surban · 1 yrs held
Corrine Gail Surban
since 2024
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
SFR-7 · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$790,000
+59.4%
Commercial (general)
$630,000
+27.8%
Retail stores
$590,000
+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
$655,000
ML approach
$655,000
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)
$495,000
Current use
MEDICAL BUILDING
$790,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$440,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $655k (Oct 23 2024)
Last sale anchor
$655k
Oct 23 2024
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
$265 / 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
Land market value
$230,830
Improvement market value
$422,800
Total market value
$653,630
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Bathrooms
4
Total area
2,472 SF
Lot
0.21 ac (9,148 SF)
Zoning code
SFR-7
APN
1S205BC-04700
UPID
US71-1025759
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
$495,000
MEDICAL BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$630,000
RETAIL STORES
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$440,000
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Corrine Gail Surban
Individual
Mailing address
424 NE 22ND AVE, PORTLAND, OR 97232-2809
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$655,000
Corrine Gail Surban
Albertina Kerr Centers
Warranty Deed
$589,500 · Directors Mortgage INC
Jun 30, 2017
—
Albertina Kerr Centers
—
Deed
related
$516,425 · Bank Of America
Jan 31, 2006
$281,010
Albertina Kerr Centers
Pennington,david E & Erlinda S
Warranty Deed
$228,000 · Bank Of America
Feb 12, 1999
$250,000
David E Pennington
Mosoianu,adrian & Doina
Grant Deed
$225,000 · North American Mortgage
—
—
Adrian Msosianu
—
Deed Of Trust
related
$42,273 · Cit Group Consumer Finance INC
—
—
Richard B Burns
—
Deed Of Trust
related
$34,125 · Avco Financial Svcs Oregon
—
—
Adrian Mosoianu
—
Deed Of Trust
related
$210,000 · Central Pacific Mortgage Co
—
—
Albertina Kerr Centers
—
Deed Of Trust
related
$516,425 · Bank Of America
—
—
Adrian Mosoianu
—
Deed Of Trust
related
$164,800 · Northwest Pacific Mortgage Co
—
—
Albertina K Centers
—
Deed Of Trust
related
$16,437 · Office Of Cmnty Dev
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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