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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Warehouses
1284 Alpine St Cornelius, OR 97113-7601
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1838890
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
23,196 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CMU
APN
1S304AA-00700
UPID
US71-1838890
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
-
Swanson Heating HVAC Service General Contractor
-
DVC Machine Shop Auto Repair Shop
-
RMH Plumbing LLC Plumbing Service General Contractor
-
Craig Jones Painting Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.79M
Owner & transaction history
Lisa H Long · 8 yrs held
Lisa H Long
since 2018
7 recorded transactions
Zoning & alternative use
CMU · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (CMU) (§ 18.60.010 - § 18.60.080) Chapter 18.65 CORRIDOR COMMERCIAL (CC) (§ 18.65.010 - § 18.65.080) Chapter 18.70 CORE RESIDENTIAL ZONE (CR)…
Zone name
Central Mixed Use
General category
MIXED_USE
Zone area
20.99 ac
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
$4,045,000
Current use
AUTO REPAIR, GARAGE
$3,765,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±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
$120 / 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
$8,894
Tax year 2023
Assessed value
$513,020
Assessed 2023
Previous assessed
$498,080
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$363,830
Improvement market value
$879,660
Total market value
$1,243,490
Applied tax rate
15.0000
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
Buildings
2
Total area
23,196 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CMU
APN
1S304AA-00700
UPID
US71-1838890
Jurisdiction
WASHINGTON
Zoning & alternative use
CMU · Cornelius, ORZoning CMU · permitted uses
CMU · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (CMU) (§ 18.60.010 - § 18.60.080) Chapter 18.65 CORRIDOR COMMERCIAL (CC) (§ 18.65.010 - § 18.65.080) Chapter 18.70 CORE RESIDENTIAL ZONE (CR) (§ 18.70.010 - § 18.70.090) Chapter 18.75 GATEWAY MIXED USE (GMU) (§ 18.75.010 - §
Zone name
Central Mixed Use
General category
MIXED_USE
Zone area
20.99 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
WAREHOUSE, STORAGE Current
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
Buildings
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Lisa H Long
Individual
Mailing address
3205 SE TAYLOR ST, PORTLAND, OR 97214-4270
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2018
$750,000
Lisa H Long
Nguyen,kinh T
Warranty Deed
$480,000 · Bank Of The West
Oct 10, 2011
—
Kinh T Nguyen
—
Trustees Deed
related
$222,000 · Susan & Raymond Majhor
Jan 18, 2005
$735,000
Kinh T Nguyen
Markley,paul S
Warranty Deed
$368,700 · Paul S Markley
—
—
Kinh T Nguyen
—
Deed Of Trust
related
$84,500 · Raymond N & Susan M Majhor
—
—
Paul S Markley
—
Deed Of Trust
related
$500,000 · Umpqua Bank
—
—
Paul S Markley
—
Deed Of Trust
related
$700,000 · Pacific One Bank
—
—
Kinh T Nguyen
—
Deed Of Trust
related
$25,000 · James A & Trudy L Stenger
—
—
Kinh T Nguyen
—
Deed Of Trust
related
$335,211 · Paul S Markley
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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