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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Commercial real estate
15585 Orient Dr, Boring, OR 97009-9521
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-1573763
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Total area
3,192 SF
Lot
2.18 ac (94,961 SF)
Zoning code
RRFF5
APN
24E10 04500
UPID
US71-1573763
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
$1.47M
Blend (final)
Blend
$1.47M
Owner & transaction history
Jlp Dev LLC · 7 yrs held
Jlp Dev LLC
since 2019
7 recorded transactions
Zoning & alternative use
RRFF5 · Boring, 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 Boring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boring 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
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$461 / 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
$56,845
Tax year 2023
Assessed value
$3,193,037
Assessed 2023
Previous assessed
$3,100,036
+3.0% YoY
Effective rate
1.78%
On assessed value
Land market value
$2,701,664
Improvement market value
$2,706,320
Total market value
$5,407,984
Applied tax rate
46.0000
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
1948
Heating
FORCED AIR
Stories
1
Bathrooms
3
Total area
3,192 SF
Lot
2.18 ac (94,961 SF)
Zoning code
RRFF5
APN
24E10 04500
UPID
US71-1573763
Jurisdiction
CLACKAMAS
Zoning & alternative use
RRFF5 · Boring, OR
Zoning RRFF5 · permitted uses
RRFF5 · Boring, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boring. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
FORCED AIR
Stories
1
Bathrooms
3
Lot
2.18 ac
Current owner
From public records · entity-resolved
Jlp Dev LLC
Entity
Mailing address
PO BOX 1429, CLACKAMAS, OR 97015-1429
Ownership since
2019
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 4, 2019
$625,000
Jlp Dev LLC
Schilling,james A & Jerry D
Warranty Deed
—
Jun 8, 2016
—
James A Schilling
Schilling,jerry D
Quit Claim Deed
related
—
Dec 26, 2013
$136,500
Jerry Schilling
Deutsche Bk Nat 2005-10
Quit Claim Deed
related
—
Aug 7, 2012
$270,000
Deutsche Bk Natl Trust 2005-10
Recontrust Co
Trustees Deed
related
—
Dec 8, 2010
—
Redco Group Dev LLC
Bennett,larry E
Quit Claim Deed
related
—
Nov 26, 2008
$10,000
Larry E Bennett
Dunn,derek A
Quit Claim Deed
related
—
Mar 24, 1998
—
Derek A Dunn
Dunn,derek A
Quit Claim Deed
related
$199,500 · Option One Mortgage Corp
Jul 29, 1994
$175,900
Derek A Dunn
Hoecker,alvin A
Grant Deed
$140,720 · Principal Residential Mtg
Aug 1, 1989
$76,000
Alvin A Hoecker JR.
Unknown
Grant Deed
—
—
—
Derek A Dunn
—
Deed Of Trust
related
$216,000 · Saxon Mortgage INC
—
—
Derek A Dunn
—
Deed Of Trust
related
$227,700 · Long Beach Mortgage Co
—
—
Derek A Dunn
—
Deed Of Trust
related
$50,000 · Larry E Bennett
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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