New search
Property profile & analytics
OFF-MARKET
Industrial properties
1600 28th St, Springfield, OR 97477-7801
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0124222
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
2.04 ac (88,862 SF)
Zoning code
LMI-LIGHT MEDIUM INDUST
APN
17-03-25-41-00400-000
UPID
US71-0124222
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
-
Sunset Electric Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Springfield · 5 yrs held
City Of Springfield
since 2020
Last sale
$3,950
5 recorded transactions
Zoning & alternative use
LMI-LIGHT MEDIUM INDUST · Springfield, 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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,939
Tax year 2024
Assessed value
$427,252
Assessed 2024
Previous assessed
$414,808
+3.0% YoY
Effective rate
1.86%
On assessed value
Land market value
$1,104,193
Improvement market value
$102,559
Total market value
$1,206,752
Applied tax rate
1,900.0000
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
Heating
NONE
Lot
2.04 ac (88,862 SF)
Zoning code
LMI-LIGHT MEDIUM INDUST
APN
17-03-25-41-00400-000
UPID
US71-0124222
Jurisdiction
LANE
Zoning & alternative use
LMI-LIGHT MEDIUM INDUST · Springfield, OR
Zoning LMI-LIGHT MEDIUM INDUST · permitted uses
LMI-LIGHT MEDIUM INDUST · Springfield, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.04 ac
Current owner
From public records · entity-resolved
City Of Springfield
Entity
Mailing address
PO BOX 70448, SPRINGFIELD, OR 97475-0124
Ownership since
2020
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
Nov 20, 2020
$3,950
City Of Springfield
Rogers Holdings LLC
Grant Deed
—
Mar 6, 2015
$620,000
Rogers Holdings LLC
G R Warren LLC
Warranty Deed
$408,000 · Pacific Continental Bank
Feb 25, 2009
$500,000
Gr Warren LLC
Brown Family
Warranty Deed
$450,000 · Brown Family LP
Dec 19, 2000
—
Brown Family LP
Brown,bob D
Quit Claim Deed
related
—
—
—
Gr Warren LLC
—
Deed Of Trust
related
$130,000 · Pacific Continental Bank
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 1600 28th St?
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.
