New search
Property profile & analytics
OFF-MARKET
Estimated value
$13,225,000
Warehouses
18516 108th Ave, Tualatin, OR 97062-8017
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0399489
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
93,228 SF
Lot
4.76 ac (207,346 SF)
Zoning code
ML
APN
2S122AA-00400
UPID
US71-0399489
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.22M
Blend (final)
Blend
$13.23M
Owner & transaction history
Crystal Lite Place LLC · 6 yrs held
Crystal Lite Place LLC
since 2020
7 recorded transactions
Zoning & alternative use
ML · Tualatin, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.9M
+28.3%
Apartment house (5+ units)
$20.7M
+27.5%
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 Tualatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tualatin 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
WAREHOUSE, STORAGE
$16,250,000
Current use
RETAIL STORES
$20,855,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$20,715,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,140,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$13.23M
Range $11.90M – $14.55M · ±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
$142 / 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
$98,621
Tax year 2023
Assessed value
$5,612,440
Assessed 2023
Previous assessed
$5,448,980
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$2,235,190
Improvement market value
$8,057,070
Total market value
$10,292,260
Applied tax rate
23.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
93,228 SF
Lot
4.76 ac (207,346 SF)
Zoning code
ML
APN
2S122AA-00400
UPID
US71-0399489
Jurisdiction
WASHINGTON
Zoning & alternative use
ML · Tualatin, OR
Zoning ML · permitted uses
ML · Tualatin, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tualatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.3M
RETAIL STORES
Est. value
$20.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.7M
AUTO REPAIR, GARAGE
Est. value
$15.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
4.76 ac
Current owner
From public records · entity-resolved
Crystal Lite Place LLC
Entity
Mailing address
32113 S PALMER RD, MOLALLA, OR 97038-8542
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
—
Crystal Lite Place LLC
Bradiey R Johnson
Grant Deed
$4,300,000 · Miscellaneous Ins Co
Jul 1, 2016
—
Bradley R Johnson
—
Deed
related
$1,000,000 · Miscellaneous Ins Co
Dec 21, 1990
$480,000
Johnson Bradley R
Unknown
Grant Deed
—
—
—
Bradley R Johnson
—
Deed Of Trust
related
$2,400,000 · American Equity Inv Life Ins
—
—
Bradley R Johnson
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Ins Co
—
—
Bradley R Johnson
—
Deed Of Trust
related
$2,000,000 · National Mortgage Co
—
—
Bradley R Johnson
—
Deed Of Trust
related
$2,500,000 · American Equity Inv Life Ins
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 18516 108th Ave?
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.
