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    Property profile & analytics

    1430 Cleveland St Woodburn, OR 97071

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0336189
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1430 Cleveland St

    Year built
    2024
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity: $11,200,000 asking price for this 42-unit, Class A apartment building in Woodburn, Oregon. Completed in 2024, this property boasts 36,120 square feet of net rentable space and currently enjoys 98% occupancy. The four, three-story buildings feature a mix of 42 two-bedroom, two-bathroom units, each approximately 860 square feet with private balconies or patios. Units include stainless steel appliances, microwaves, in-unit washer/dryers, air conditioning, wood-look flooring, and vaulted ceilings on the third floor. Modern amenities include covered car and bike parking, and electric vehicle charging stations. The property's strategic location offers easy access to downtown Woodburn (less than one mile), Amazon's new fulfillment center (under 10 minutes), and Woodburn Premium Outlets (under 10 minutes). This is a turnkey investment with strong potential for future growth and high returns. The price per unit is $266,666.67.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodburn
    County
    Marion
    State
    Oregon
    Longitude
    -122.8467052
    Latitude
    45.1360923

    Comparable in this City

    • $1,100,000

      Entitled Multifamily Development Opportunity

      35-unit multifamily development opportunity in Woodburn with approved permits.
      119 N Pacific Ct, Woodburn, OR 97071
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    • $375,000

      Approved Triplex Lot Available

      Rare opportunity for income-producing property near I-5 in Woodburn.
      1551 Barn St, Woodburn, OR 97071
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    • $1,199,000

      New Triplex Investment Opportunity

      New triplex in Woodburn with territorial views and modern amenities.
      1554 Barn St, Woodburn, OR 97071
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    • $119,900
      784 SF

      Remodeled Home in 55+ Community

      Remodeled manufactured home in a well-established 55+ community.
      612 N Cascade Dr, Woodburn, OR 97071
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    • $425,000
      1,810 SF

      Spacious Home with Detached Garage

      Refreshed 3-bedroom home with versatile detached garage and shop.
      1730 Woodland Ave, Woodburn, OR 97071
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    • $69,100

      Updated Home in 55+ Community

      Move-in ready 2-bed, 1-bath home in Woodburn's 55+ community.
      1999 Jansen Way, Woodburn, OR 97071
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Entitled Multifamily Development Opportunity

      35-unit multifamily development opportunity in Woodburn with approved permits.
      119 N Pacific Ct, Woodburn, OR 97071
      View Details
    • $1,199,000

      New Triplex Investment Opportunity

      New triplex in Woodburn with territorial views and modern amenities.
      1554 Barn St, Woodburn, OR 97071
      View Details
    • $375,000

      Approved Triplex Lot Available

      Rare opportunity for income-producing property near I-5 in Woodburn.
      1551 Barn St, Woodburn, OR 97071
      View Details
    • $119,900
      784 SF

      Remodeled Home in 55+ Community

      Remodeled manufactured home in a well-established 55+ community.
      612 N Cascade Dr, Woodburn, OR 97071
      View Details
    • $425,000
      1,810 SF

      Spacious Home with Detached Garage

      Refreshed 3-bedroom home with versatile detached garage and shop.
      1730 Woodland Ave, Woodburn, OR 97071
      View Details
    • $69,100

      Updated Home in 55+ Community

      Move-in ready 2-bed, 1-bath home in Woodburn's 55+ community.
      1999 Jansen Way, Woodburn, OR 97071
      View Details

    Similar Nearby for Lease

    • $0.85 SF/Yr
      154,127 SF

      Cobalt Industrial Park: Woodburn, OR

      154,127 SF Industrial Space Available
      1414 Commerce Way, Woodburn, OR 97071
      View Details
    • Contact for pricing

      Woodburn Commercial Center Land Opportunity

      Land available in Woodburn's primary commercial intersection.
      1550 N Pacific Hwy, Woodburn, OR 97071
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space with Drive-Thru Potential

      Prime retail location with high visibility and drive-thru potential.
      948 N Pacific Hwy, Woodburn, OR 97071
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    • Contact for pricing
      3,884 SF

      Retail Space on Mt Hood

      Retail space with visibility on Hwy 99E and Hwy 214.
      1543 Mount Hood Ave, Woodburn, OR 97071
      View Details
    • Contact for pricing
      50,000 SF

      Industrial Land Ready to Build

      Industrial land available for rent, ready for immediate construction.
      2701 N Front St, Woodburn, OR 97071
      View Details
    • $6,950 /Mo
      12,000 SF

      Woodburn Warehouse with 20' Clearance

      12,000 SF warehouse space with light industrial zoning.
      310-350 Broadway St, Woodburn, OR 97071
      View Details
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    1430 Cleveland St
    Woodburn, OR 97071
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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