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Property profile & analytics
OFF-MARKET
Estimated value
$8,605,000
Apartment buildings
Sandy Blvd, Fairview, OR 97024
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-1459107
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2022
Total area
55,440 SF
Lot
4.79 ac (208,652 SF)
Zoning code
CC
APN
1N3E28AD 05300
UPID
US71-1459107
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
$8.60M
Blend (final)
Blend
$8.61M
Owner & transaction history
West L Coast R & E Hldgs LLC · 6 yrs held
West L Coast R & E Hldgs LLC
since 2020
7 recorded transactions
Zoning & alternative use
CC · Fairview, OR
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
OFFICE BUILDING
$14,260,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$8.61M
Range $7.74M – $9.47M · ±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
$155 / 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
$46,064
Tax year 2023
Assessed value
$2,433,690
Assessed 2023
Previous assessed
$1,028,820
+136.6% YoY
Effective rate
1.89%
On assessed value
Land market value
$1,460,570
Improvement market value
$2,748,020
Total market value
$4,208,590
Applied tax rate
925.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2022
Heating
NONE
Total area
55,440 SF
Lot
4.79 ac (208,652 SF)
Zoning code
CC
APN
1N3E28AD 05300
UPID
US71-1459107
Jurisdiction
MULTNOMAH
Zoning & alternative use
CC · Fairview, OR
Zoning CC · permitted uses
CC · Fairview, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$14.3M
OFFICE BUILDING
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
2022
Heating
NONE
Lot
4.79 ac
Current owner
From public records · entity-resolved
West L Coast R & E Hldgs LLC
Entity
Mailing address
25030 SW PKWY AVE STE #110, WILSONVILLE, OR 97070-9816
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
West L Coast R & E Hldgs LLC
Fairview Meadows Apts LLC
Grant Deed
—
Apr 2, 2019
—
Fairview Meadows Apts LLC
West Coast R/e Hldgs LLC
Grant Deed
—
Jul 31, 2018
—
West Coast R & E Hldgs LLC
—
Deed Of Trust
related
$5,750,000 · Kirkland Fin'l
Dec 18, 2017
—
West Coast R & E Holdings LLC
—
Trustees Deed
related
$4,570,000 · Kirkland Fin'l
Oct 31, 2017
—
West Coast R & E Holdings LLC
—
Trustees Deed
related
$2,050,000 · M&s Acquisitions LLC
Sep 15, 2016
—
West Coast R & E Holdings LLC
—
Trustees Deed
related
$1,050,000 · Mosco Don Trust (pt)
Sep 24, 2015
$525,000
West Coast R & E Holdings LLC
Fairway Fund V LLC
Grant Deed
—
Jan 8, 2015
$500,000
Fairway Fund V LLC
Russillo Craig G|mcdonald Brothers INC
Trustees Deed
related
—
Jan 31, 2011
—
Mcdonald Brothers INC
—
Deed Of Trust
related
$2,442,155 · Fairway Fund IV LLC
Jul 14, 2009
—
Mcdonald Brothers INC
—
Grant Deed
related
$2,110,950 · Fairway America LLC
Dec 27, 2007
—
Mcdonald Brothers INC
—
Grant Deed
related
$1,650,000 · Fairway Commercial Mortgage
Nov 17, 2006
—
Mcdonald Brothers INC
—
Trustees Deed
related
$1,295,000 · Fairway Commercial Mortgage
Feb 11, 2005
—
Mcdonald Brothers INC
—
Trustees Deed
related
$920,000 · Columbia River Bank
—
—
Mcdonald Brothers INC
—
Deed Of Trust
related
$643,500 · Columbia River Banking Co
—
—
Mcdonald Brothers INC
—
Deed Of Trust
related
$2,813,866 · Fairway Fund IV LLC
—
—
West Coast R & E Hldgs LLC
—
Loan Modification
related
$335,322 · Kirkland Fin'l
—
—
Mcdonald Brothers INC
—
Deed Of Trust
related
$850,000 · Fairway Commercial Mortgage
—
—
West Coast R & E Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Private Individual
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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