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Property profile & analytics
OFF-MARKET
Estimated value
$107,225,000
Apartment buildings
7197 Ronler Way 128 Hillsboro, OR 97124-7914
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0436185
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Total area
495,454 SF
Lot
16.99 ac (740,084 SF)
Zoning code
SCR-V
APN
1N226CC-02001
UPID
US71-0436185
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
$107.22M
Blend (final)
Blend
$107.23M
Owner & transaction history
Sequoia Equities-cortland Vlg · 7 yrs held
Sequoia Equities-cortland Vlg
since 2018
7 recorded transactions
Zoning & alternative use
SCR-V · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SCR-V zone provides opportunities to create new Mixed Use neighborhoods containing a variety of Housing Types, neighborhood commercial and employment opportunities, designed for both pedestrian sensitivity and auto accommodation
Zone name
Station Community Residential Village
General category
MIXED_USE
Zone area
375.55 ac
Source
Realmo
Top alternative use upside
Medical building
$158.0M
+43.0%
Commercial (general)
$157.5M
+42.6%
Restaurant
$150.0M
+35.8%
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)
$110,455,000
Current use
MEDICAL BUILDING
$157,970,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$157,480,000
Change: +43% · Conversion: Moderate
RESTAURANT
$149,985,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$118,275,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$88,550,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$107.23M
Range $96.50M – $117.95M · ±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
$216 / 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
$654,145
Tax year 2023
Assessed value
$38,827,190
Assessed 2023
Previous assessed
$37,696,310
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$9,000,000
Improvement market value
$113,867,500
Total market value
$122,867,500
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 (100+ UNITS)
Status
Off-Market
Heating
NONE
Total area
495,454 SF
Lot
16.99 ac (740,084 SF)
Zoning code
SCR-V
APN
1N226CC-02001
UPID
US71-0436185
Jurisdiction
WASHINGTON
Zoning & alternative use
SCR-V · Hillsboro, ORZoning SCR-V · permitted uses
SCR-V · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SCR-V zone provides opportunities to create new Mixed Use neighborhoods containing a variety of Housing Types, neighborhood commercial and employment opportunities, designed for both pedestrian sensitivity and auto accommodation
Zone name
Station Community Residential Village
General category
MIXED_USE
Zone area
375.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$110.5M
MEDICAL BUILDING
Est. value
$158.0M
COMMERCIAL (GENERAL)
Est. value
$157.5M
RESTAURANT
Est. value
$150.0M
RETAIL STORES
Est. value
$118.3M
WAREHOUSE, STORAGE
Est. value
$88.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
16.99 ac
Current owner
From public records · entity-resolved
Sequoia Equities-cortland Vlg
Individual
Mailing address
1777 BOTELHO DR STE #300, WALNUT CREEK, CA 94596-5065
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
—
Sequoia Equities-cortland Vlg
Cortland Village LLC
Quit Claim Deed
$60,501,000 · Cbre Multifamily Cap
Jun 30, 2016
—
Cortland Village LLC
—
Deed
related
$14,746,000 · Cbre Multifamily Cap
Nov 28, 2012
$56,050,000
Cortland Village LLC
Cortland Apts Vaf LLC
Special Warranty Deed
$41,444,000 · Cbre Multifamily Capital INC
Nov 5, 2007
$46,307,800
Cortland Apts Vaf LLC
Fund Viii Cv Portland LLC
Special Warranty Deed
—
Sep 26, 2005
—
Quarterpenny Corp
Cortland Investors LLC
Grant Deed
related
—
Sep 26, 2005
$31,250,000
Fund Viii Cv Portland LLC
Cortland Investors LLC
Grant Deed
related
$22,075,000 · Deutsche Bank Berkshire Mtg In
—
—
Cortland Village LLC
—
Deed Of Trust
related
$14,746,000 · Cbre Multifamily Cap
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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