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Property profile & analytics
OFF-MARKET
Estimated value
$2,210,000
Office buildings
1840 Newberg Hwy, Woodburn, OR 97071-3187
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US71-0287018
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
8,000 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CO
APN
052W12DA03600
UPID
US71-0287018
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
-
Premiere Sleep Professionals Physician Medical Clinic
-
DaVita Woodburn Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.21M
Owner & transaction history
Edg-dv Woodburn LLC · 16 yrs held
Edg-dv Woodburn LLC
since 2009
7 recorded transactions
Zoning & alternative use
CO · Woodburn, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+30.6%
Medical building
$2.6M
+17.6%
Restaurant
$2.4M
+11.2%
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 Woodburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodburn 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
OFFICE BUILDING
$2,185,000
Current use
AUTO REPAIR, GARAGE
$2,855,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$2,570,000
Change: +18% · Conversion: Easy
RESTAURANT
$2,435,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.21M
Range $1.99M – $2.43M · ±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
$276 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$18,284
Tax year 2021
Assessed value
$974,770
Assessed 2023
Previous assessed
$946,380
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$219,470
Improvement market value
$1,630,930
Total market value
$1,850,400
Applied tax rate
3,030.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
8,000 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CO
APN
052W12DA03600
UPID
US71-0287018
Jurisdiction
MARION
Zoning & alternative use
CO · Woodburn, OR
Zoning CO · permitted uses
CO · Woodburn, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
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
2006
Heating
NONE
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Edg-dv Woodburn LLC
Entity
Mailing address
8018 BRACKEN PL SE, SNOQUALMIE, WA 98065-9257
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2016
—
Edg-dv Woodburn LLC
—
Deed
related
$7,500,000 · Washington Tr Bk
Jul 28, 2009
$1,275,000
Edg-dv Woodburn LLC
1840 Newberg LLC
Warranty Deed
$1,510,000 · Umpqua Bank
Aug 21, 2008
—
1840 Newberg LLC
—
Trustees Deed
related
$150,000 · West Coast Bank
Jun 30, 2006
—
1844 Newberg LLC
—
Trustees Deed
related
$850,000 · Marion & Polk Schools Cu
Jun 27, 2006
—
Byron Hendricks
Beaty,ray E & Sherri A
Warranty Deed
related
—
Jun 24, 2005
$175,000
Byron Hendricks
Hendricks,byron
Warranty Deed
related
—
Feb 22, 2005
$500,000
Byron Hendricks
Brown,timothy R
Warranty Deed
—
Jan 24, 2005
—
Timothy R Brown
Intermountain Community Bank
Grant Deed
related
—
Aug 15, 1996
—
Timothy R Brown
Baker,dale W
Grant Deed
related
—
—
—
1840 Newberg LLC
—
Deed Of Trust
related
$850,000 · Marion & Polk Schools Cu
—
—
Edg-dv Woodburn LLC
—
Deed Of Trust
related
$1,300,000 · Washington Tr Bk
—
—
Edg-dv Woodburn LLC
—
Loan Modification
related
$2,200,000 · Umpqua Bk
—
—
Edg-dv Woodburn LLC
—
Deed Of Trust
related
$7,500,000 · Washington Tr Bk
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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