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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Manufacturing properties
1005 Commerce Ct Silverton, OR 97381
Entity Owned
6-yr Hold
Free & Clear
Property ID
US71-0701276
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2020
Total area
20,596 SF
Lot
1.26 ac (54,886 SF)
Zoning code
IP
APN
061W26A 01500
UPID
US71-0701276
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
$2.89M
Blend (final)
Blend
$280k
Owner & transaction history
Gardner Properties LLC · 6 yrs held
Gardner Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
IP · Silverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide for appropriate locations for combining light manufacturing, office and small scale commercial uses (restaurants, personal services and fitness centers) in a campus like setting.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
123.52 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.1M
+11.2%
Retail stores
$4.1M
+9.9%
Warehouse, storage
$4.0M
+7.1%
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 Silverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverton 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
INDUSTRIAL (GENERAL)
$3,695,000
Current use
COMMERCIAL (GENERAL)
$4,110,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$4,060,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,960,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$14 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,793
Tax year 2021
Assessed value
$226,400
Assessed 2023
Previous assessed
$233,190
-2.9% YoY
Effective rate
1.68%
On assessed value
Land market value
$226,400
Improvement market value
$1,780,590
Total market value
$2,006,990
Applied tax rate
4,920.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2020
Heating
NONE
Total area
20,596 SF
Lot
1.26 ac (54,886 SF)
Zoning code
IP
APN
061W26A 01500
UPID
US71-0701276
Jurisdiction
MARION
Zoning & alternative use
IP · Silverton, ORZoning IP · permitted uses
IP · Silverton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide for appropriate locations for combining light manufacturing, office and small scale commercial uses (restaurants, personal services and fitness centers) in a campus like setting.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
123.52 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
Year built
2020
Heating
NONE
Lot
1.26 ac
Current owner
From public records · entity-resolved
Gardner Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 9397, SALEM, OR 97305-0296
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2019
$350,000
Gardner Properties LLC
Hozen,fred
Warranty Deed
—
Aug 10, 2018
$220,000
Fred Hozen
Zollinger Tresa L L/tr
Warranty Deed
—
Aug 5, 2010
—
Tresa L Zollinger
Zollinger,james E & Tresa L
Quit Claim Deed
related
—
Dec 1, 2006
$270,000
James E Zollinger
Peltier Real Estate
Grant Deed
—
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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