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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Warehouses
1600 Montee Dr Pendleton, OR 97801
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0577558
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Total area
18,590 SF
Lot
1.07 ac (46,783 SF)
Zoning code
R1
APN
2N3221BA00100
UPID
US71-0577558
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
$2.04M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Henslee Investments LLC · 4 yrs held
Henslee Investments LLC
since 2022
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
R1 · Pendleton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+54.9%
Retail stores
$1.3M
+36.7%
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 Pendleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendleton 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
$1,995,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$2,615,000
6.5%
$2,415,000
7%
$2,240,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,515,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,340,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $1.98M (Jul 1 2022)
Last sale anchor
$1.98M
Jul 1 2022
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
$107 / 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
$8,552
Tax year 2023
Assessed value
$459,330
Assessed 2023
Previous assessed
$445,960
+3.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$68,710
Assessed improvement
$390,620
Land market value
$113,760
Improvement market value
$929,860
Total market value
$1,043,620
Applied tax rate
1,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1980
Heating
NONE
Total area
18,590 SF
Lot
1.07 ac (46,783 SF)
Zoning code
R1
APN
2N3221BA00100
UPID
US71-0577558
Jurisdiction
UMATILLA
Zoning & alternative use
R1 · Pendleton, OR
Zoning R1 · permitted uses
R1 · Pendleton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pendleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
RETAIL STORES
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
1980
Heating
NONE
Lot
1.07 ac
Current owner
From public records · entity-resolved
Henslee Investments LLC
Entity
Mailing address
42895 HANEY LN, PENDLETON, OR 97801-4286
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$1,975,000
Henslee Investments LLC
Eastern Oregon Development LLC
Warranty Deed
$997,200 · Bank Five Nine
Sep 7, 2021
—
Eastern Oregon Development LLC
—
Deed
related
$500,000 · Columbia State 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.
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