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Property profile & analytics
OFF-MARKET
Estimated value
$6,025,000
Commercial real estate
1855 Blankenship Rd, West Linn, OR 97068-4245
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0553194
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Lot
5.5 ac (239,395 SF)
Zoning code
GC
APN
21E35C 00802
UPID
US71-0553194
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
-
Parkrose Hardware Building Supply Hardware & Home Improvement
-
Brenda Reddaway Pharmacy
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.03M
Owner & transaction history
Martin E Fleck · 5 yrs held
Martin E Fleck
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
GC · West Linn, 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 West Linn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Linn 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
$6,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.03M
Range $5.42M – $6.63M · ±10% · vs last sale $6.03M (Apr 1 2021)
Last sale anchor
$6.03M
Apr 1 2021
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
—
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
$112,054
Tax year 2023
Assessed value
$6,650,000
Assessed 2023
Previous assessed
$6,394,950
+4.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$4,002,390
Improvement market value
$2,647,610
Total market value
$6,650,000
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
NONE
Lot
5.5 ac (239,395 SF)
Zoning code
GC
APN
21E35C 00802
UPID
US71-0553194
Jurisdiction
CLACKAMAS
Zoning & alternative use
GC · West Linn, OR
Zoning GC · permitted uses
GC · West Linn, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Linn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
5.5 ac
Current owner
From public records · entity-resolved
Martin E Fleck
Individual
Mailing address
8910 SE FULLER RD, PORTLAND, OR 97086-3610
Ownership since
2021
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
Apr 1, 2021
$6,025,000
Martin E Fleck
The Circut Court Fof The State Of O
Special Warranty Deed
$3,063,000 · Columbia State Bank
Apr 30, 2015
$10,100,000
So Linn LLC
Gig Tcg Wave Master Prop Owner
Grant Deed
$6,565,000 · Cibc
Mar 26, 2015
$5,829,473
Gig Tcg Wave Master Property Owner
Abs Or O LLC
Special Warranty Deed
$86,950,000 · Bank Of America NA
Apr 2, 2013
—
Abs Or-o LLC
New Albertsons INC
Warranty Deed
related
—
Dec 4, 2012
—
New Albertsons INC
—
Deed Of Trust
related
$1,850,000,000 · Credit Suisse Ag
Jun 9, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
—
—
—
Abs Or-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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