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Property profile & analytics
OFF-MARKET
Estimated value
$17,355,000
Apartment buildings
829 Century NE Dr, Albany, OR 97322-4589
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0800691
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Total area
52,527 SF
Lot
3.65 ac (158,994 SF)
APN
11S 03W 04BA 00300
UPID
US71-0800691
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
$17.35M
Blend (final)
Blend
$17.36M
Owner & transaction history
Columbia Crest Townhomes LLC · 18 yrs held
Columbia Crest Townhomes LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
Blend value · Realmo final
$17.36M
Range $15.62M – $19.09M · ±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
$330 / 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
$91,552
Tax year 2023
Assessed value
$4,542,610
Assessed 2023
Previous assessed
$4,410,310
+3.0% YoY
Effective rate
2.02%
On assessed value
Land market value
$752,040
Improvement market value
$8,415,200
Total market value
$9,167,240
Applied tax rate
830.0000
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
2007
Heating
NONE
Stories
1
Total area
52,527 SF
Lot
3.65 ac (158,994 SF)
APN
11S 03W 04BA 00300
UPID
US71-0800691
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
3.65 ac
Current owner
From public records · entity-resolved
Columbia Crest Townhomes LLC
Entity
Mailing address
900 SW 5TH AVE STE #1700, PORTLAND, OR 97204-1226
Ownership since
2008
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
May 31, 2018
—
Columbia Crest Townhomes LLC
—
Deed
related
$2,830,000 · Jp Morgan Chase Bk
Jan 18, 2008
$4,715,000
Columbia Crest Townhomes LLC
Kch Enterprises LLC
Warranty Deed
$3,000,000 · Washington Mutual Bank
Aug 14, 2006
—
Kch Enterprises LLC
Alder Creek Apartments LLC
Bargain And Sale Deed
$3,590,000 · Wells Fargo Bank NA
Jan 6, 2006
—
Alder Creek Apartments LLC
Harrison,kevin C
Warranty Deed
related
—
Oct 31, 2005
$300,000
Kevin C Harrison
A & D Sullivan Enterprises INC
Warranty Deed
$155,000 · Wells Fargo Bank NA
—
—
Columbia Crest Townhomes LLC
—
Deed Of Trust
related
$3,015,000 · J P Morgan Chase Bank
—
—
Columbia Crest Townhomes LLC
—
Deed Of Trust
related
$2,830,000 · Jp Morgan Chase Bk
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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