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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Commercial real estate
1514 Washington St, Oregon City, OR 97045-1450
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0396926
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1925
Total area
2,228 SF
Lot
0.16 ac (6,955 SF)
Zoning code
MUD
APN
22E29CC03900
UPID
US71-0396926
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
$540k
Comparable Approach
Comparable
$462k
Blend (final)
Blend
$640k
Owner & transaction history
Shearer Acres LLC · 2 yrs held
Shearer Acres LLC
since 2023
Last sale
$795,000
5 recorded transactions
Zoning & alternative use
MUD · Oregon City, 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 Oregon City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon City 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
$790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $795k (Dec 13 2023)
Last sale anchor
$795k
Dec 13 2023
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
$287 / 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
$1,329
Tax year 2023
Assessed value
$70,658
Assessed 2023
Previous assessed
$70,658
+0.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$180,062
Improvement market value
$192,190
Total market value
$372,252
Applied tax rate
62.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1925
Heating
NONE
Total area
2,228 SF
Lot
0.16 ac (6,955 SF)
Zoning code
MUD
APN
22E29CC03900
UPID
US71-0396926
Jurisdiction
CLACKAMAS
Zoning & alternative use
MUD · Oregon City, OR
Zoning MUD · permitted uses
MUD · Oregon City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oregon City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Shearer Acres LLC
Entity
Mailing address
12351 HAMPTON DR, OREGON CITY, OR 97045-6706
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$795,000
Shearer Acres LLC
Narayan Sivaramakrishnan
Warranty Deed
$596,250 · Heritage Southeast Bank
Mar 7, 2022
$712,000
Narayan Slvaramakrishnan
Wvg Realty LLC
Warranty Deed
$534,000 · Consolidated Community Cu
Mar 7, 2022
$290,000
Wvg Realty LLC
Robert A Benski
Warranty Deed
—
Oct 3, 2018
—
Wvg Realty LLC
—
Deed
related
—
Jul 3, 2014
$290,000
Wvg Realty LLC
Benski,robert A
Warranty Deed
$246,500 · Bank Of America
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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