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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Industrial properties
1568 Piper Way Prineville, OR 97754-8417
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-1046034
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
3,900 SF
Lot
1.12 ac (48,787 SF)
Zoning code
IP; INDUSTRIAL PARK
APN
151512B000600
UPID
US71-1046034
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
-
Ochoco Cabinet and Door General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Mike Webb · 3 yrs held
Mike Webb
since 2023
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
IP; INDUSTRIAL PARK · Prineville, 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 Prineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prineville 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
$540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Jan 27 2023)
Last sale anchor
$500k
Jan 27 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
$135 / 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
$3,310
Tax year 2023
Assessed value
$206,400
Assessed 2023
Previous assessed
$200,390
+3.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$119,170
Improvement market value
$193,280
Total market value
$312,450
Applied tax rate
2.0000
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
Year built
1998
Heating
NONE
Total area
3,900 SF
Lot
1.12 ac (48,787 SF)
Zoning code
IP; INDUSTRIAL PARK
APN
151512B000600
UPID
US71-1046034
Jurisdiction
CROOK
Zoning & alternative use
IP; INDUSTRIAL PARK · Prineville, OR
Zoning IP; INDUSTRIAL PARK · permitted uses
IP; INDUSTRIAL PARK · Prineville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prineville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$745,000
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
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mike Webb
Individual
Mailing address
1568 SW PIPER WAY, PRINEVILLE, OR 97754-8417
Mailing matches property
Yes
Owner-occupied
Yes
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
Jan 27, 2023
$500,000
Mike Webb
Paul B Adams
Warranty Deed
$450,000 · Paul B Adams Etal
Dec 16, 2009
—
Paul B Adams
Terry M Lowen
Bargain And Sale Deed
—
Aug 26, 2009
$292,000
Paul B Adams
Kaycee M Lowen
Re-recorded Document
related
—
Jul 17, 2009
$292,000
Paul B Adams
Kaycee M Lowen
Deed In Lieu Of Foreclosure
related
—
Aug 16, 2006
—
Paul B Adams
Michael Webb
Warranty Deed
—
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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