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Property profile & analytics
FOR SALE
Warehouses
7800 SW Durham Rd Tigard, OR 97224
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-0758595
For Sale
1 / 2
$9,665,000
7800 SW Durham Rd, Tigard, OR 97224
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
31,320 SF
Lot
2.57 ac (111,949 SF)
Zoning code
I-P
APN
2S113BA-00200
UPID
US71-0758595
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
Current use
Occupant on record · Public records
-
Jonathan Mclane Physician
-
Katherine Mendy Physician
-
Brandon Couch Physician
-
Craig Stuart Hawkinson Physician
-
YUXUAN WANG Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$9.67M
Owner & transaction history
Metzger Ventures LLC · 17 yrs held
Metzger Ventures LLC
since 2009
6 recorded transactions
Zoning & alternative use
I-P · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.7M
+67.8%
Auto repair, garage
$9.6M
+49.6%
Medical building
$9.5M
+48.0%
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 Tigard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tigard 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
WAREHOUSE, STORAGE
$6,390,000
Current use
RESTAURANT
$10,725,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,565,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$9,460,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$9,405,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$9,050,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,020,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$9.67M
Range $8.70M – $10.63M · ±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
$309 / 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
$56,360
Tax year 2023
Assessed value
$3,201,900
Assessed 2023
Previous assessed
$3,108,650
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$1,169,870
Improvement market value
$4,249,690
Total market value
$5,419,560
Applied tax rate
23.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Heating
NONE
Total area
31,320 SF
Lot
2.57 ac (111,949 SF)
Zoning code
I-P
APN
2S113BA-00200
UPID
US71-0758595
Jurisdiction
WASHINGTON
Zoning & alternative use
I-P · Portland, OR
Zoning I-P · permitted uses
I-P · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.4M
RESTAURANT
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$9.5M
RETAIL STORES
Est. value
$9.4M
OFFICE BUILDING
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$9.0M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2.57 ac
Current owner
From public records · entity-resolved
Metzger Ventures LLC
Entity
Mailing address
PO BOX 400, SHERWOOD, OR 97140-0400
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2019
—
Metzger Ventures LLC
—
Deed
related
$1,420,350 · Us Bank NA
Jun 16, 2009
—
Metzger Ventures LLC
Metzger Ventures LLC
Quit Claim Deed
related
—
—
—
Metzger Ventures LLC
—
Deed Of Trust
related
$750,000 · Intervest-mortgage Investment
—
—
Metzger Ventures LLC
—
Deed Of Trust
related
$1,908,920 · Bank Of The West
—
—
Metzger Ventures LLC
—
Deed Of Trust
related
$1,775,060 · Bank Of The West
—
—
Metzger Ventures LLC
—
Deed Of Trust
related
$2,026,480 · Safeco Life Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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