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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Industrial properties
120 Palmer Ave, Cottage Grove, OR 97424-9591
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0565902
Property summary
AI-generated overview
This exceptional 21,990-square-foot industrial warehouse presents a compelling owner-user or investment opportunity in Cottage Grove, Oregon. Situated on a 1.02-acre lot encompassing two tax parcels, this well-maintained building, constructed in 1985 with reinforced concrete, offers four dock-high doors and two grade-level doors, ensuring efficient loading and unloading. The property boasts ample parking with 30 on-site spaces supplemented by street parking. Currently, the building houses two tenants: Emerald Fitness Club, leasing 17,000 square feet until December 1, 2024, with three five-year renewal options at a monthly rent of $7,000 plus utilities
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.51 ac (22,216 SF)
Zoning code
M2- HEAVY INDUSTRIAL
APN
20-03-27-40-00406-000
UPID
US71-0565902
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
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Emerald Fitness Club · 1 yrs held
Emerald Fitness Club
since 2025
4 recorded transactions
Zoning & alternative use
M2- HEAVY INDUSTRIAL · Cottage Grove, 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 Cottage Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cottage Grove 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
$1,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,179
Tax year 2024
Assessed value
$391,318
Assessed 2024
Previous assessed
$379,921
+3.0% YoY
Effective rate
1.83%
On assessed value
Land market value
$200,082
Improvement market value
$393,430
Total market value
$593,512
Applied tax rate
4,500.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.51 ac (22,216 SF)
Zoning code
M2- HEAVY INDUSTRIAL
APN
20-03-27-40-00406-000
UPID
US71-0565902
Jurisdiction
LANE
Zoning & alternative use
M2- HEAVY INDUSTRIAL · Cottage Grove, OR
Zoning M2- HEAVY INDUSTRIAL · permitted uses
M2- HEAVY INDUSTRIAL · Cottage Grove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cottage Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Emerald Fitness Club
Individual
Free & Clear · 1 yrs held
Mailing address
2789 TROY CT UNIT #104, CORONA, CA 92883-5632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 11, 2025
—
Emerald Fitness Club
Jon Haratyk
Deed
—
Feb 3, 2020
$1,400,000
Jon Haratyk
Russell D Leach
Warranty Deed
$1,395,000 · Russell D & Lori J Leach
May 25, 2006
$525,000
Russell D Leach
Lucks Cottage Grove Ltd Ptnr
Warranty Deed
—
—
—
Russell D Leach
—
Deed Of Trust
related
$400,000 · Northwest Cmnty Cu
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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