Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Warehouses
1300 Airport Rd Lebanon, OR 97355-1214
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0579435
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
14,850 SF
Lot
4.54 ac (197,762 SF)
APN
12S 02W 15CB 00502
UPID
US71-0579435
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
-
U-Store Self Storage Meadows Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.49M
Owner & transaction history
Weston Investment Co LLC · 5 yrs held
Weston Investment Co LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+88.5%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$3,235,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,905,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,590,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,875,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $2.63M (Mar 15 2021)
Last sale anchor
$2.63M
Mar 15 2021
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
$168 / 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
$35,898
Tax year 2023
Assessed value
$1,713,930
Assessed 2023
Previous assessed
$1,664,010
+3.0% YoY
Effective rate
2.09%
On assessed value
Land market value
$541,010
Improvement market value
$2,412,280
Total market value
$2,953,290
Applied tax rate
905.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
14,850 SF
Lot
4.54 ac (197,762 SF)
APN
12S 02W 15CB 00502
UPID
US71-0579435
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1998
Heating
NONE
Stories
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Weston Investment Co LLC
Entity
Mailing address
2154 NE BROADWAY ST STE #200, PORTLAND, OR 97232-1561
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
$2,628,500
Weston Investment Co LLC
Raceway Meadows Mini Storage LLC
Warranty Deed
—
Sep 24, 2019
—
Raceway Meadows Mini Storage L
—
Deed
related
$3,100,000 · M&t Bk
Sep 23, 2019
—
Raceway Meadows Mini Storage L
—
Deed
related
$1,750,000 · M&t Bk
Sep 7, 2018
$930,000
Raceway Meadows Mini Storage L
Rossomondo Arthur A Trust
Grant Deed
related
—
Jun 9, 2017
—
Rossomondo,arthur A Trust
Rossomondo,arthur
Quit Claim Deed
related
—
Jun 3, 2015
$415,000
Arthur Rosomondo
Mckenzie Meadows LLC
Grant Deed
related
—
Dec 20, 2013
$415,000
Arthur Rosomondo
Mckenzie Meadows LLC
Warranty Deed
—
Dec 20, 2013
—
Arthur Rossomondo
—
Trustees Deed
related
$260,000 · Grace Caitlin LLC
Dec 23, 2002
$775,000
Mckenzie Meadows LLC
Liberty Bank
Grant Deed
—
—
—
Arthur Rossomondo
—
Deed Of Trust
related
$300,000 · Bank Of The Pacific
—
—
Raceway Meadows Mini Storage L
—
Deed Of Trust
related
$3,100,000 · M&t Bk
—
—
Raceway Meadows Mini Storage L
—
Deed Of Trust
related
$1,750,000 · M&t Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1300 Airport Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
