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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Warehouses
11670 Waldo Way Sherwood, OR 97140-8356
Entity Owned
20-yr Hold
Free & Clear
Property ID
US71-0147322
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
16,200 SF
Lot
11.33 ac (493,535 SF)
Zoning code
MBP
APN
2S134C0-00900
UPID
US71-0147322
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
-
Terra Hydr Inc General Contractor Construction Company
-
Wiley's Cooking Woods Building Supply Mill
-
Trade Tool Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$3.33M
Owner & transaction history
Tonquin Industrial LLC · 20 yrs held
Tonquin Industrial LLC
since 2006
1 recorded transaction
Zoning & alternative use
MBP · Sherwood, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+82.9%
Restaurant
$4.9M
+73.7%
Commercial (general)
$4.5M
+59.0%
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 Sherwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherwood 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
$2,825,000
Current use
MEDICAL BUILDING
$5,165,000
Change: +83% · Conversion: Difficult
RESTAURANT
$4,905,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,490,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$3,625,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,600,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,630,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±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
$206 / 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
$23,224
Tax year 2023
Assessed value
$1,412,630
Assessed 2023
Previous assessed
$1,371,490
+3.0% YoY
Effective rate
1.64%
On assessed value
Land market value
$1,399,800
Improvement market value
$2,101,730
Total market value
$3,501,530
Applied tax rate
88.0000
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
Off-Market
Heating
NONE
Total area
16,200 SF
Lot
11.33 ac (493,535 SF)
Zoning code
MBP
APN
2S134C0-00900
UPID
US71-0147322
Jurisdiction
WASHINGTON
Zoning & alternative use
MBP · Sherwood, OR
Zoning MBP · permitted uses
MBP · Sherwood, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$5.2M
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
11.33 ac
Current owner
From public records · entity-resolved
Tonquin Industrial LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 968, TUALATIN, OR 97062-0968
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2006
—
Tonquin Industrial LLC
Stukey Henry J Trust
Grant Deed
related
—
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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