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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Office Spaces
16115 1st St 304 Sherwood, OR 97140-9260
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0320175
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
14,099 SF
Lot
0.11 ac (4,792 SF)
Zoning code
OLD TOWN
APN
2S132BC-02901
UPID
US71-0320175
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
-
Kensington Investment Group Professional Services Property Management Company
-
Oregon Unemployment Lawyer Law Firm
-
Sara Sery, M.A., LPCi Counselor Psychotherapist
-
Kitts Law Group, LLC Law Firm
-
Your Drug Rehabilitation Plans Counselor Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.66M
Owner & transaction history
Pilothouse 60 LLC · 15 yrs held
Pilothouse 60 LLC
since 2011
7 recorded transactions
Zoning & alternative use
OLD TOWN · Sherwood, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+9.2%
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 Sherwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherwood 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,905,000
Current use
RESTAURANT
$4,270,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$3,155,000
Change: -19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,135,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$188 / 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
$23,619
Tax year 2023
Assessed value
$1,196,640
Assessed 2023
Previous assessed
$1,161,790
+3.0% YoY
Effective rate
1.97%
On assessed value
Land market value
$156,710
Improvement market value
$1,623,400
Total market value
$1,780,110
Applied tax rate
88.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Total area
14,099 SF
Lot
0.11 ac (4,792 SF)
Zoning code
OLD TOWN
APN
2S132BC-02901
UPID
US71-0320175
Jurisdiction
WASHINGTON
Zoning & alternative use
OLD TOWN · Sherwood, OR
Zoning OLD TOWN · permitted uses
OLD TOWN · Sherwood, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Pilothouse 60 LLC
Entity
Mailing address
25705 SW LABROUSSE RD, SHERWOOD, OR 97140-8807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Jul 8, 2011
$1,100,000
Pilothouse 60 LLC
Columbia Cmnty Bk
Grant Deed
—
Jan 19, 2011
$1,596,114
Columbia Cmnty Bk
Summers,brent G
Trustees Deed
related
—
Jul 30, 2010
—
Old Town Properties LLC
—
Trustees Deed
related
$12,569 · Sc Design Nw LLC
Dec 1, 2009
—
Old Town Properties LLC
—
Trustees Deed
related
$300,000 · Columbia Community Bank
Aug 31, 2009
—
Old Town Properties LLC
—
Trustees Deed
related
$40,417 · Sherwood Urban Renewal Agency
Nov 6, 2007
—
Old Town Properties LLC
—
Trustees Deed
related
$800,000 · Columbia Community Bank
May 1, 2006
—
Old Town Properties LLC
—
Grant Deed
related
$1,200,000 · Columbia Community Bank
Nov 14, 2005
—
Old Town Properties LLC
—
Trustees Deed
related
$150,000 · Lundahl Dorothy J Trust (tr)
Aug 23, 2005
—
Old Town Properties LLC
—
Trustees Deed
related
$75,000 · Premier Holding INC R/tr (tr)
Oct 8, 2003
$149,000
Old Town Properties LLC
Higgins,lynn M & Harley F
Grant Deed
—
—
—
Robert A Jensen
—
Deed Of Trust
related
$900,000 · Umpqua Bank
—
—
Old Town Properties LLC
—
Deed Of Trust
related
$60,000 · Mainlander Services Corp
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
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